Common use of Effectiveness of Lien Priorities Clause in Contracts

Effectiveness of Lien Priorities. Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility Documents or the Term Loan Documents; (ii) any amendment, change or modification of any ABL Facility Documents or the Term Loan Documents not in contravention of the terms of this Agreement; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien enforcement proceedings against any Grantor under the ABL Facility Documents or the Term Loan Documents, any property of any Grantor, or any Grantor’s estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.

Effectiveness of Lien Priorities. Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility First Lien Documents or the Term Loan Second Lien Documents; (ii) any amendment, change or modification of any ABL Facility of the First Lien Documents or the Term Loan Second Lien Documents not in contravention of the terms of this Agreement; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien Lien enforcement proceedings against against, any Grantor under any of the ABL Facility First Lien Documents or the Term Loan Second Lien Documents, any property of any Grantor, or any Grantor’s estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.

Effectiveness of Lien Priorities. Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including including, without limitation, on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility Documents, the Term Documents or the Term Loan Notes Documents; (ii) any amendment, change or modification of any ABL Facility Documents, Term Documents or the Term Loan Documents not in contravention of the terms of this AgreementNotes Documents; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien enforcement proceedings against against, Holdings or any Grantor under of its Subsidiaries party to any of the ABL Facility Documents, the Term Documents or the Term Loan Notes Documents, any property of any Grantorits property, or any Grantor’s its estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.

Effectiveness of Lien Priorities. Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including including, without limitation, on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility Documents, the Term Documents or the Term Loan Notes Documents; (ii) any amendment, change or modification of any ABL Facility Documents, Term Documents or the Term Loan Documents not in contravention of the terms of this AgreementNotes Documents; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien enforcement proceedings against against, the Company or any Grantor under of its Subsidiaries party to any of the ABL Facility Documents, the Term Documents or the Term Loan Notes Documents, any property of any Grantorits property, or any Grantor’s its estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.

Effectiveness of Lien Priorities. (i) Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including including, without limitation, on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility Documents or the Pari Term Loan Debt Documents; (ii) any amendment, change or modification of any ABL Facility Documents or the Pari Term Loan Documents not in contravention of the terms of this AgreementDebt Documents; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien enforcement proceedings against against, Holdco or any Grantor under of its Subsidiaries party to any of the ABL Facility Documents or the Pari Term Loan Debt Documents, any property of any Grantorits property, or any Grantor’s its estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.

Effectiveness of Lien Priorities. Each of the parties hereto acknowledges that the Lien priorities provided for in this Agreement shall not be affected or impaired in any manner whatsoever, including including, without limitation, on account of: (i) the invalidity, irregularity or unenforceability of all or any part of the ABL Facility Documents or the Term Loan Documents; (ii) any amendment, change or modification of any ABL Facility Documents or the Term Loan Documents not in contravention of the terms of this Agreement; or (iii) any impairment, modification, change, exchange, release or subordination of or limitation on, any liability of, or stay of actions or lien enforcement proceedings against against, Holdings or any Grantor under of its Subsidiaries party to any of the ABL Facility Documents or the Term Loan Documents, any property of any Grantorits property, or any Grantor’s its estate in bankruptcy resulting from any bankruptcy, arrangement, readjustment, composition, liquidation, rehabilitation, similar proceeding or otherwise involving or affecting any Secured Party.