Common use of Collateral Shared Equally and Ratably within Class Clause in Contracts

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured 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 (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/)

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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 Secured Obligations within each Class will be secured equally and 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 (except with respect to Non-Shared Collateral)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 Secured Obligations within each Class will be secured equally and 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 (except with respect to Non-Shared Collateral)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 agree that the payment and satisfaction of all of the Secured 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 (except with respect to Non-Shared Collateral)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.

Appears in 1 contract

Samples: Collateral Trust Agreement (Tenet Healthcare Corp)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement Parties agree that the payment and satisfaction of all of the Secured Obligations within each Class will be secured equally and ratably by the Liens established in favor favour of the Collateral Trustee Agent for the benefit of the Secured Parties belonging to such Class (except with respect to Non-Shared Collateral)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 (Banro Corp)

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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 Secured Obligations within each Class will be secured equally and ratably by the Liens security interests established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class (except with respect to Non-Shared Collateral)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 Secured Obligations within each Class will be secured equally and 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 (except with respect to Non-Shared Collateral)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.

Appears in 1 contract

Samples: Intercreditor Agreement (Interdent Inc)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured secured, subject to the distribution provisions herein relating to Priority Liens, equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class (except with respect to Non-Shared Collateral)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 (GXS Investments, Inc.)

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