Common use of Equal Security for Loans and Notes; No Further Negative Pledges Clause in Contracts

Equal Security for Loans and Notes; No Further Negative Pledges. (a) If either Borrower or any of their respective Subsidiaries shall create or assume any Lien upon any of their respective property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitute Collateral, other than any Lien permitted by the Loan Documents, it shall make or cause to be made effective provisions whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness thereby secured as long as any such Indebtedness shall be secured; provided, however, that this covenant shall not be construed as consent by the Administrative Agent and the Required Lenders to any violation by either Borrower or any of their respective Subsidiaries of the provisions of Section 8.1.

Equal Security for Loans and Notes; No Further Negative Pledges. (a) A. If either Borrower Company or any of their respective its Subsidiaries shall create or assume any Lien upon any of their respective its property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitute Collateralacquired, other than any Lien permitted Liens excepted by the Loan Documentsprovisions of subsection 6.2 (unless prior written consent to the creation or assumption thereof shall have been obtained from Agent and Requisite Lenders), it shall make or cause to be made concurrently therewith effective provisions provision whereby the Obligations Loans and the Notes will be secured by such Lien equally and ratably with any and all other Indebtedness thereby secured as long as any such other Indebtedness shall be so secured; provided, however, provided that this covenant shall not be construed as consent by the Administrative Agent and the Required Requisite Lenders to any violation by either Borrower or any of their respective Subsidiaries of the provisions of Section 8.1subsection 6.2.