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 the Borrower or any of its respective Subsidiaries shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitutes Collateral, other than Liens permitted by the applicable Security Document (unless prior written consent to the creation or assumption thereof shall have been obtained from the Agent and the Required Banks), the Borrower shall, and shall cause any applicable Subsidiary to, 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 that this covenant shall not be construed as consent by the Agent and the Required Banks to any violation by the Borrower of the provisions of Section 7.03.

Equal Security for Loans and Notes; No Further Negative Pledges. (a) If the Borrower or any of its respective Subsidiaries ATel shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitutes Collateral, other than Prior Liens relating to such Collateral or other Liens which are expressly permitted by under the applicable Security Document Document, (unless prior written consent to the creation or assumption thereof shall have been obtained from the Agent and the Required Banks), the Borrower shall, and it shall cause any applicable Subsidiary to, 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 that this covenant shall not be construed as consent by the Agent and the Required Banks to any violation by the Borrower ATel of the provisions of Section 7.036.03.

Equal Security for Loans and Notes; No Further Negative Pledges. (a) If the Borrower or any of its respective Subsidiaries shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitutes Collateral, other than Liens permitted by the applicable Security Document (unless prior written consent to the creation or assumption thereof shall have been obtained from the Agent and the Required Banks), the Borrower shall, and shall cause any applicable Subsidiary to, 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 PROVIDED that this covenant shall not be construed as consent by the Agent and the Required Banks to any violation by the Borrower of the provisions of Section 7.03.

Equal Security for Loans and Notes; No Further Negative Pledges. (a) If the Borrower or any of its respective Subsidiaries shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired and whether or not such property or assets constitutes Collateral, other than Liens permitted by the applicable Security Document Permitted Encumbrances (unless prior written consent to the creation or assumption thereof shall have been obtained from the Agent and the Required Banks), the Borrower shall, and it shall cause any applicable Subsidiary to, 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 that this covenant shall not be construed as consent by the Agent and the Required Banks to any violation by the Borrower of the provisions of Section 7.03.