Common use of Equal and Ratable Sharing of Collateral by Holders of Parity Lien Debt Clause in Contracts

Equal and Ratable Sharing of Collateral by Holders of Parity Lien Debt. All Parity Liens granted at any time by the Pledgors or VGR Holding shall secure, equally and ratably, all present and future Parity Lien Obligations and all proceeds of all Parity Liens granted at any time by the Pledgors or VGR Holding shall be allocated and distributed equally and ratably on account of the Parity Lien Debt and other Parity Lien Obligations.