Common use of Bailee for Perfection Clause in Contracts

Bailee for Perfection. (a) The Credit Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the applicable Second Priority Agents and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Second Priority Security Documents, subject to the terms and conditions of this Section 5.5.

Bailee for Perfection. (a) The Credit Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the applicable Second Priority Agents Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Second Priority Security DocumentsNoteholder Pledge Agreement, subject to the terms and conditions of this Section 5.5.

Bailee for Perfection. (a) The Until the Discharge of Senior Lender Claims has occurred, Credit Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as agent and bailee for the applicable Second Priority Agents Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Second Priority Security Noteholder Collateral Documents, subject to the terms and conditions of this Section 5.5.

Bailee for Perfection. (a) The Credit Agent agrees or any Credit Agreement Lender, as applicable, agree to hold the Pledged Securities Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as bailee for the applicable Second Priority Agents Trustee and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Securities Collateral pursuant to the Second Priority Noteholder Security DocumentsAgreement, subject to the terms and conditions of this Section 5.55.6.