Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Obligations and Junior Lien Obligations will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 6 contracts
Samples: Collateral Trust Agreement (EFIH Finance Inc.), Indenture (EFIH Finance Inc.), Indenture (EFIH Finance Inc.)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 6 contracts
Samples: Refinancing Amendment and Successor Administrative Agent Agreement (MRC Global Inc.), Term Loan Credit Agreement (MRC Global Inc.), Collateral Trust Agreement (Solo Cup CO)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 4 contracts
Samples: Collateral Agency and Intercreditor Agreement, Collateral Agency and Intercreditor Agreement (Intelsat S.A.), Collateral Trust Agreement (NewPage Energy Services LLC)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that except as expressly set forth in Section 3.4, the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally and Ratably ratably by the Liens established in favor of the Collateral Trustee Agent for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 2 contracts
Samples: Collateral Trust and Intercreditor Agreement, Collateral Trust and Intercreditor Agreement (Northern Tier Retail LLC)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.11 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.4.
Appears in 2 contracts
Samples: Indenture (Primus Telecommunications Group Inc), Indenture (Primus Telecommunications Group Inc)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Priority Lien Obligations and Junior Lien Obligations will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.10 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.4.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.7 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.
Appears in 1 contract
Samples: Intercreditor Agreement (Advanced Audio Concepts, LTD)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement hereto agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations will within each Class shall be secured Equally and Ratably by each of the Liens security interests established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class so long as such applicable Secured Obligations have validly and properly joined such applicable Class. It is understood and agreed that nothing in this Section 2.9 2.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.3 hereof.
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Collateral Shared Equally and Ratably within Class. The parties to this Agreement Parties agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor favour of the Collateral Trustee Agent for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Parity Lien Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.7 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.
Appears in 1 contract
Samples: Intercreditor Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such ClassClass (except with respect to Non-Shared Collateral). It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Samples: Collateral Trust Agreement (Belden & Blake Corp /Oh/)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class notwithstanding the time of incurrence of any Secured Obligations within such Class or time or method of creation or perfection of any Liens securing such Secured Obligations within such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens security interests established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Samples: Collateral Trust Agreement (Midwest Generation LLC)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.
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Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.12 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.5.
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Collateral Shared Equally and Ratably within Class. The parties to this Agreement hereto agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations will within each Class shall be secured Equally equally and Ratably ratably by the Liens security interests established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.4 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.3 hereof.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Debt Obligations and Junior Lien Obligations within each Class will be secured Equally secured, subject to the distribution provisions herein relating to Priority Liens, equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Debt Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Delta Air Lines Inc /De/)
Collateral Shared Equally and Ratably within Class. The parties to this Agreement hereto agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations will within each Class shall be secured Equally and Ratably by each of the Liens security interests established in favor of the Priority Collateral Trustee for and the benefit of the Secured Parties Parity Collateral Trustee belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.4 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.3 hereof.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Obligations and Junior Lien Obligations within each Class will be secured Equally equally and Ratably ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class, notwithstanding the time of incurrence of any Secured Obligations within such Class or time or method of creation or perfection of any Liens securing such Secured Obligations within such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract
Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Secured Debt Obligations and Junior Lien Obligations within each Class will be secured Equally and Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.
Appears in 1 contract