Common use of Consents to Liens Clause in Contracts

Consents to Liens. Senior Creditor hereby consents to each Obligor’s grant of Liens in the Collateral to Subordinate Creditor as security for the Subordinated Debt and agrees that the existence of any such Liens (other than any Lien that may hereafter arise from any judgment obtained against an Obligor) shall not constitute a Default under any of the Senior Creditor Documents. Subordinate Creditor hereby acknowledges each Obligor’s grant of Liens in the Collateral to Senior Creditor as security for the Senior Debt and agrees that the existence of any such Liens shall not constitute a Default under any of the Subordinate Creditor Documents.

Consents to Liens. Senior Creditor hereby consents to each Obligor’s Debtor's grant of Liens in the Collateral to Subordinate Creditor Agent as security for the Subordinated Debt Subordinate Creditor Obligations and agrees that the existence of any such Liens (other than any Lien that may hereafter arise from any judgment obtained against an ObligorDebtor) shall not constitute a an Event of Default under any of the Senior Creditor Documents. Subordinate Creditor Creditors hereby acknowledges each Obligor’s acknowledge Debtor's grant of Liens in the Collateral to Senior Creditor as security for the Senior Debt Creditor Obligations and agrees agree that the existence of any such Liens shall not constitute a an Event of Default under any of the Subordinate Creditor Documents.

Consents to Liens. Senior Creditor hereby consents to each Obligor’s 's grant of Liens in the Collateral to Subordinate Creditor as security for the Subordinated Debt Debtsubject to the limitations set forth in this Agreement and agrees that the existence of any such Liens (other than any Lien that may hereafter arise from any judgment obtained against an Obligor) shall not constitute a Default under any of the Senior Creditor Documents. Subordinate Creditor hereby acknowledges each Obligor’s 's grant of Liens in the Collateral to Senior Creditor as security for the Senior Debt and agrees that the existence of any such Liens shall not constitute a Default under any of the Subordinate Creditor Documents.