Common use of Covenant to Secure Obligations Equally Clause in Contracts

Covenant to Secure Obligations Equally. If the Borrower or any of its Subsidiaries shall create, assume or otherwise incur any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions of Section 7.02 (unless prior written consent to the creation or assumption thereof shall have been obtained pursuant to Section 10.01), the Borrower will make, or will cause its Subsidiaries to make, effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Debt thereby secured so long as any such other Debt shall be so secured.

Covenant to Secure Obligations Equally. If the Borrower or any of its Subsidiaries shall create, assume or otherwise incur any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions of Section 7.02 (unless prior written consent ------------ to the creation or assumption thereof shall have been obtained pursuant to Section 10.01), the Borrower will make, or will cause its Subsidiaries to make, ------------- effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Debt thereby secured so long as any such other Debt shall be so secured.

Covenant to Secure Obligations Equally. If the Borrower or any of its Subsidiaries Subsidiary shall create, create or assume or otherwise incur any Lien upon any of its property or assetsProperties, whether now owned or hereafter acquired, other than Liens permitted by (i) a Permitted Lien, or (ii) a Lien created or assumed with the provisions of Section 7.02 (unless prior written consent to of the creation or assumption thereof shall have been obtained pursuant to Section 10.01)Collateral Agent and the Majority Banks, the Borrower will make, shall make or will cause its Subsidiaries to make, be made effective provision whereby the Obligations and the Prudential Obligations will be secured by such Lien equally and ratably with any and all other Debt Indebtedness thereby secured so long as any such other Debt Indebtedness shall be so secured.

Covenant to Secure Obligations Equally. If the Borrower The Guarantor covenants that, if it or any of its Subsidiaries Subsidiary shall create, create or assume or otherwise incur any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions of Section 7.02 10.2(b) (unless prior written consent to the creation or assumption thereof shall have been obtained pursuant to Section 10.0115.5 hereof), the Borrower it will make, make or will cause its Subsidiaries to make, be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Debt thereby secured so long as any such other Debt shall be so secured.