Judgment Creditors. In the event that any Secured Party becomes a judgment lien creditor in respect of any Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes to the same extent as all other Liens in favor of such Secured Party with respect to such Collateral are subject to the terms of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (SAExploration Holdings, Inc.), Intercreditor Agreement (SAExploration Holdings, Inc.), Intercreditor Agreement (SAExploration Holdings, Inc.)
Judgment Creditors. In the event that any Secured Note Party becomes a judgment lien creditor in respect of any Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the same extent Lender Liens and the Lender Obligations) as all the other Liens in favor of such Secured Party with respect securing the Note Obligations (created pursuant to such the Noteholder Collateral are Documents) subject to the terms of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Foster Wheeler Inc), Intercreditor Agreement (Foster Wheeler LTD), Intercreditor Agreement (Foster Wheeler Inc)
