Common use of Declaration of Senior Trust Clause in Contracts

Declaration of Senior Trust. To secure the payment of the Priority Lien Obligations and in consideration of the premises and the mutual agreements set forth in this Agreement, each of the Obligors hereby grants to the Collateral Agent, and the Collateral Agent hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all present and future holders of Priority Lien Obligations, all of such Obligor’s right, title and interest in, to and under all Collateral granted to the Collateral Agent under any Collateral Document for the benefit of the Priority Lien Secured Parties, together with all of the Collateral Agent’s right, title and interest in, to and under the Collateral Documents, and all interests, rights, powers and remedies of the Collateral Agent thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “Senior Trust Estate”). The Collateral Agent and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the benefit solely and exclusively of all present and future holders of Priority Lien Obligations as security for the payment of all present and future Priority Lien Obligations. Notwithstanding the foregoing, if at any time:

Declaration of Senior Trust. To secure the payment of the Priority Lien Obligations and in consideration of the mutual premises and the mutual agreements set forth in this Agreement, each of the Obligors Grantors hereby grants to the Collateral AgentTrustee, and the Collateral Agent Trustee hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all present current and future holders of Priority Lien Obligations, all of such Obligor’s Grantor's right, title and interest in, to and under all Collateral granted to the Collateral Agent Trustee under any Collateral Security Document for the benefit of the holders of Priority Lien Secured PartiesObligations, together with all of the Collateral Agent’s Trustee's right, title and interest in, to and under the Collateral such Security Documents, and all interests, rights, powers and remedies of the Collateral Agent Trustee thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “Senior Trust Estate”). The Collateral Agent Trustee and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the benefit solely and exclusively of all present current and future holders of Priority Lien Obligations as security for the payment of all present current and future Priority Lien Obligations. Notwithstanding the foregoing, if at any time:

Declaration of Senior Trust. To secure the payment of the Priority Lien Obligations and in consideration of the mutual premises and the mutual agreements set forth in this Agreement, each of the Obligors Grantors hereby grants to the Collateral AgentTrustee, and the Collateral Agent Trustee hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all present current and future holders of Priority Lien Obligations, all of such ObligorGrantor’s right, title and interest in, to and under all Collateral granted to the Collateral Agent Trustee under any Collateral Security Document for the benefit of the holders of Priority Lien Secured PartiesObligations, together with all of the Collateral AgentTrustee’s right, title and interest in, to and under the Collateral such Security Documents, and all interests, rights, powers and remedies of the Collateral Agent Trustee thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the ““ Senior Trust Estate”). The Collateral Agent Trustee and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the benefit solely and exclusively of all present current and future holders of Priority Lien Obligations as security for the payment of all present current and future Priority Lien Obligations. Notwithstanding the foregoing, if at any time:

Declaration of Senior Trust. To secure the payment of the Priority Parity Lien Obligations and in consideration of the premises and the mutual agreements set forth in this Agreement, each of the Obligors Pledgors hereby grants to the Collateral AgentTrustee, and the Collateral Agent Trustee hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all present and future holders of Priority Parity Lien Obligations, all of such ObligorPledgor’s right, title and interest in, to and under all Collateral granted to the Collateral Agent Trustee under any Collateral Security Document for the benefit of the Priority holders of Parity Lien Secured PartiesObligations, together with all of the Collateral AgentTrustee’s right, title and interest in, to and under the Collateral Security Documents, and all interests, rights, powers and remedies of the Collateral Agent Trustee thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “Senior Trust Estate”). The Collateral Agent Trustee and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the benefit solely and exclusively of all present and future holders of Priority Parity Lien Obligations as security for the payment of all present and future Priority Parity Lien Obligations. Notwithstanding the foregoing, if at any time:

Declaration of Senior Trust. To secure the payment of the Priority Lien Obligations and in consideration of the premises and the mutual agreements set forth in this Agreement, each of the Obligors hereby grants to the Collateral AgentTrustee, and the Collateral Agent Trustee hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all present and future holders of Priority Lien Obligations, all of such Obligor’s 's right, title and interest in, to and under all Collateral granted to the Collateral Agent Trustee under any Collateral Security Document for the benefit of the Priority Lien Secured Parties, together with all of the Collateral Agent’s Trustee's right, title and interest in, to and under the Collateral Security Documents, and all interests, rights, powers and remedies of the Collateral Agent Trustee thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “"Senior Trust Estate”"). The Collateral Agent Trustee and its successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the benefit solely and exclusively of all present and future holders of Priority Lien Obligations as security for the payment of all present and future Priority Lien Obligations. Notwithstanding the foregoing, if at any time: