Common use of Additional Pari Passu Lien Obligations Clause in Contracts

Additional Pari Passu Lien Obligations. The Borrower may from time to time, subject to any limitations contained in any Secured Credit Documents in effect at such time, incur and designate additional indebtedness and related obligations that are, or are to be, secured by Liens on any assets of the Borrower or any of the Grantors that would, if such Liens were granted, constitute Shared Collateral as Additional Pari Passu Lien Obligations by delivering to each Collateral Agent party hereto at such time a certificate of an Authorized Officer of the Borrower:

Appears in 4 contracts

Samples: Assignment and Assumption (Vine Resources Inc.), Assignment and Assumption (Vine Resources Inc.), Assignment and Assumption (Vine Resources Inc.)

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Additional Pari Passu Lien Obligations. The Borrower may from time to time, subject to any limitations contained in any Secured Credit Pari Passu Documents in effect at such time, incur and designate additional indebtedness and related obligations that are, or are to be, secured by Liens on any assets of the Borrower or any of the Grantors Subsidiaries that would, if such Liens were granted, constitute Shared Common Collateral as Additional Pari Passu Lien Obligations by delivering to each Collateral Agent party hereto at such time a certificate of an Authorized Officer authorized officer of the Borrower:

Appears in 1 contract

Samples: Passu Intercreditor Agreement (FTS International, Inc.)

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