Common use of Judgment Creditors Clause in Contracts

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.), First Supplemental Indenture (SAExploration Holdings, Inc.), Intercreditor Agreement (SAExploration Holdings, Inc.)

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Judgment Creditors. In the event that any Secured Party becomes a judgment lien creditor in respect of any Common Collateral as a result of its enforcement of its rights as an unsecured a secured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Existing Facilities Liens, the Additional Facilities Liens and the Secured Obligations) to the same extent as all other Liens in favor of such securing the Secured Party with respect to such Collateral Obligations are subject to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mirant North America, LLC)

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 securing its Obligations are subject to the terms of this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Smithfield Foods Inc)

Judgment Creditors. In the event that any Secured Party becomes a judgment lien Lien creditor in with respect of to any Shared Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien Lien on such Shared Collateral 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 on the Shared Collateral securing the Obligations are subject to the terms of this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy, L.P.)

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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 creditorCollateral, such judgment lien shall be subject to the same terms of this Agreement for all purposes to as the same extent as all other Liens in favor respect of such Secured Party with respect to such Collateral are securing its Obligations, subject to the terms of this Agreement.

Appears in 1 contract

Samples: Inter Creditor Agreement

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