Common use of Collateral Documents; Intercreditor Agreement Clause in Contracts

Collateral Documents; Intercreditor Agreement. Any Collateral Document or financing statement after delivery thereof pursuant to Section 3.01 or 5.01(i) or (j) shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected lien on and security interest in the Collateral (other than the Specified Collateral as set forth in Section 6(m) of the Security Agreement) purported to be covered thereby having the priority required by the Intercreditor Agreement, or the Intercreditor Agreement shall cease to be in full force and effect (subject to any amendments thereto made in accordance with the terms thereof); or

Appears in 4 contracts

Samples: Security Agreement (Eastman Kodak Co), Security Agreement (Eastman Kodak Co), Credit Agreement

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