Common use of Equitable Lien in Favor of the Lenders Clause in Contracts

Equitable Lien in Favor of the Lenders. Create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of this subsection, unless the Borrower and its Subsidiaries make or cause to be made effective provision 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, notwithstanding the foregoing, this covenant shall not be construed as a consent by the Required Lenders to any creation or assumption of any such Lien not permitted by the provisions of this subsection.

Equitable Lien in Favor of the Lenders. Create If the Company or any of its Subsidiaries shall create or assume any Lien upon any of its property properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of this subsectionsubsection 8.01A, unless the Borrower and its Subsidiaries it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby secured as long as any such Indebtedness shall be so secured; PROVIDED provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by the Required Majority Lenders to any the creation or assumption of any such Lien not permitted by the provisions of this subsection.subsection 8.01A.

Equitable Lien in Favor of the Lenders. Create If any Borrower or any of its respective Subsidiaries shall create or assume any Lien upon any of its property properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of this subsectionsubsection 7.2A, unless the Borrower and its Subsidiaries it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby secured as long as any such Indebtedness shall be so secured; PROVIDED provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by the Required Requisite Lenders to any the creation or assumption of any such Lien not permitted by the provisions of this subsection.subsection 7.2A.