Common use of Covenant Not to Challenge Clause in Contracts

Covenant Not to Challenge. As between First Lien Lender, on the one hand, and any Second Lien Creditor, on the other hand, the Second Lien Creditor hereby covenants and agrees, to the fullest extent permitted by law, that it shall not initiate in any proceeding a challenge to the validity or enforceability of the Lender Loan Documents or the validity, perfection or priority of any Lien of First Lien Lender securing the First Lien Debt, nor shall the Second Lien Creditor instigate other parties to raise any such challenges.

Covenant Not to Challenge. As between First Lien Lender, on the one hand, and any Second Lien Creditor, on the other hand, the Second Lien Creditor hereby covenants and agrees, to the fullest extent permitted by law, that it shall not initiate in any proceeding a challenge to the validity or enforceability of the Lender Hercules Loan Documents or the validity, perfection or priority of any Lien of First Lien Lender securing the First Lien Debt, nor shall the Second Lien Creditor instigate other parties to raise any such challenges.