Common use of Junior Lien Indebtedness Guarantees and Collateral Clause in Contracts

Junior Lien Indebtedness Guarantees and Collateral. Without limitation of (and subject to) any provision in any Intercreditor Agreement, if the Junior Collateral Trustee or any holder of Junior Lien Indebtedness receives any additional guaranty or any additional collateral in connection with the Junior Lien Indebtedness after the Closing Date, without limitation of any Event of Default that may arise as a result thereof, the Loan Parties shall, concurrently therewith, cause the same to be granted to the Administrative Agent or the Collateral Agent, as applicable, for its own benefit and the benefit of the Secured Parties.

Appears in 4 contracts

Samples: Credit Agreement (Contura Energy, Inc.), Asset Based Revolving Credit Agreement (Contura Energy, Inc.), Asset Based Revolving Credit Agreement (Contura Energy, Inc.)

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Junior Lien Indebtedness Guarantees and Collateral. Without limitation of (and subject to) any provision in any Intercreditor the Collateral Trust Agreement, if the Junior Collateral Trustee or any holder of Junior Lien Indebtedness receives receive any additional guaranty or any additional collateral in connection with the Junior Lien Indebtedness after the Closing Date, without limitation of any Event of Default that may arise as a result thereof, the Loan Parties shall, concurrently therewith, cause the same to be granted to the Administrative Agent or the Collateral AgentTrustee, as applicable, for its own benefit and the benefit of the Secured Parties.

Appears in 3 contracts

Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)

Junior Lien Indebtedness Guarantees and Collateral. Without limitation of (and subject to) any provision in any Intercreditor the Collateral Trust Agreement, if the Junior Collateral Trustee or any holder of Junior Lien Indebtedness receives receive any additional guaranty or any additional collateral in connection with the Junior Lien Indebtedness after the Closing Date, without limitation of any Default or Event of Default that may arise as a result thereof, the Loan Parties shall, concurrently therewith, cause the same to be granted to the Administrative Agent or the Collateral AgentTrustee, as applicable, for its own benefit and the benefit of the Secured Parties.

Appears in 2 contracts

Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)

Junior Lien Indebtedness Guarantees and Collateral. Without limitation of (and subject to) any provision in any Intercreditor the Collateral Trust Agreement, if the Junior Collateral Trustee or any holder of Junior Lien Indebtedness receives receive any additional guaranty or any additional collateral in connection with the Junior Lien Indebtedness after the Closing ClosingSeventh Amendment Effective Date, without limitation of any Event of Default that may arise as a result thereof, the Loan Parties shall, concurrently therewith, cause the same to be granted to the Administrative Agent or the Collateral AgentTrustee, as applicable, for its own benefit and the benefit of the Secured Parties.

Appears in 2 contracts

Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)

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Junior Lien Indebtedness Guarantees and Collateral. Without limitation of (and subject to) any provision in any Intercreditor the Collateral Trust Agreement, if the Junior Collateral Trustee or any holder of Junior Lien Indebtedness receives receive any additional guaranty or any additional collateral in connection with the Junior Lien Indebtedness after the Closing Date, without limitation of any Event of Default that may arise as a result thereof, the Loan Parties shall, concurrently therewith, cause the same to be granted to the Administrative Agent or the Priority Collateral AgentTrustee, as applicable, for its own benefit and the benefit of the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Peabody Energy Corp)

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