Common use of Additional Notes Collateral Clause in Contracts

Additional Notes Collateral. If the First Lien Debt is secured by a first priority Lien on Initial Notes Collateral and by Liens on any additional property or assets of the Company or any of its Restricted Subsidiaries (such additional property or assets, “Additional Notes Collateral”), the Notes and Note Guarantees shall be secured by a Lien on such Additional Notes Collateral, provided that the Liens on the Additional Notes Collateral will be junior in priority pursuant to any Intercreditor Agreement to the Liens that secure such First Lien Debt, in accordance with the Collateral Agreements.

Appears in 2 contracts

Samples: Indenture (Taseko Mines LTD), Indenture (Taseko Mines LTD)

AutoNDA by SimpleDocs

Additional Notes Collateral. If the First Lien Debt is secured by a first priority Lien on Initial Notes Collateral and by Liens on any additional property or assets of the Company or any of its Restricted Subsidiaries (such additional property or assets, "Additional Notes Collateral"), the Notes and Note Guarantees shall be secured by a Lien on such Additional Notes Collateral, provided that the Liens on the Additional Notes Collateral will be junior in priority pursuant to any Intercreditor Agreement intercreditor agreement to the Liens that secure such First Lien Debt, in accordance with the Collateral Agreements.

Appears in 1 contract

Samples: Indenture (Taseko Mines LTD)

AutoNDA by SimpleDocs

Additional Notes Collateral. If the First Lien Debt is secured by a first priority Lien on the Initial Notes Collateral and by Liens on any additional property or assets of the Company or any of its Restricted Subsidiaries (such additional property or assets, “Additional Notes Collateral”), the Notes and Note Guarantees shall be secured by a Lien on such Additional Notes Collateral; provided, provided that the Liens on the Additional Notes Collateral will be junior in priority pursuant to any the Future Intercreditor Agreement to the Liens that secure such First Lien Debt, in accordance with the Collateral AgreementsFuture Intercreditor Agreement provisions that correspond to clause (3) of the Future ICA Provisions.

Appears in 1 contract

Samples: backend.otcmarkets.com

Time is Money Join Law Insider Premium to draft better contracts faster.