Common use of Limitation on Certain Actions Clause in Contracts

Limitation on Certain Actions. Subject to Section 3.2, until the first date on which the Maximum Credit Facility Amount is Fully Paid, no Subordinated Lien Creditor will, without the prior written consent of the Senior Lien Administrative Agent, take any Enforcement Action.

Appears in 1 contract

Sources: Intercreditor Agreement (Peninsula Gaming, LLC)

Limitation on Certain Actions. Subject to Section 3.2, until the first date on which the Maximum Credit Facility Amount of Credit Facility Indebtedness is Fully Paid, no Subordinated Lien Creditor willthe Trustee will not, without the prior written consent of the Senior Lien Administrative AgentCredit Facility Lender, take any Enforcement Action.

Appears in 1 contract

Sources: Intercreditor Agreement (Old Evangeline Downs Capital Corp)

Limitation on Certain Actions. Subject to Section 3.2, until the first date on which the Maximum Credit Facility Amount is Fully Paid, no Subordinated Lien Creditor willthe Trustee will not, without the prior written consent of the each Senior Lien Administrative AgentCreditor Representative, take any Enforcement Action.

Appears in 1 contract

Sources: Intercreditor Agreement (Old Evangeline Downs Capital Corp)