Common use of Lien Sharing and Priority Confirmation Clause in Contracts

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Lien Debt for which the undersigned is acting as Parity Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Lien Debt and Junior Lien Debt, each existing and future Junior Lien Representative, each other existing and future Parity Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 6 contracts

Samples: Collateral Trust Agreement (EFIH Finance Inc.), Collateral Trust Agreement (EFIH Finance Inc.), Collateral Trust Agreement (Energy Future Intermediate Holding CO LLC)

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Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Priority Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Priority Lien Debt for which the undersigned is acting as Parity Priority Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Series of Subordinated Lien Debt, each existing and future Junior Subordinated Lien Representative, each other existing and future Parity Priority Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement thatAgreement:

Appears in 2 contracts

Samples: Collateral Trust Agreement (Stream Global Services, Inc.), Collateral Trust Agreement (Solo Cup CO)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Junior Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Junior Lien Debt for which the undersigned is acting as Parity Junior Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Lien Debt, each existing and future Junior Priority Lien Representative, each other existing and future Parity Junior Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 2 contracts

Samples: Collateral Trust Agreement (Delta Air Lines Inc /De/), Collateral Trust Agreement (GXS Investments, Inc.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Lien Debt for which the undersigned is acting as Parity Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Priority Lien Debt, Series of Parity Lien Debt and Series of Junior Lien Debt, each existing and future Junior Priority Lien Representative, each other existing and future Parity Lien Representative and Representative, each existing and future holder of Permitted Prior Liens Junior Lien Representative and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 2 contracts

Samples: Collateral Trust Agreement (Primus Telecommunications Group Inc), Canadian Collateral Trust Agreement (Primus Telecommunications Group Inc)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Priority Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Priority Lien Debt for which the undersigned is acting as Parity Priority Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Series of Subordinated Lien Debt, each existing and future Junior Subordinated Lien Representative, each other existing and future Parity Priority Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement thatAgreement:

Appears in 2 contracts

Samples: Collateral Trust Agreement (MRC Global Inc.), Security Agreement (MRC Global Inc.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Priority Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Priority Lien Debt for which the undersigned is acting as Parity Priority Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Lien Debt, each existing and future Junior Lien Representative, each other existing and future Parity Priority Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Junior Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Junior Lien Debt for which the undersigned is acting as Parity Junior Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Lien Debt, each existing and future Junior Priority Lien Representative, each other existing and future Parity Junior Lien Representative and Representative, each existing and future holder of Permitted Prior Liens and the Collateral Trustee, and as a condition to being treated as Secured Debt under the Collateral Trust Agreement thatAgreement:

Appears in 1 contract

Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

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Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Lien Debt for which the undersigned is acting as Parity Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Series of Parity Lien Debt, each existing and future Junior Priority Lien Representative, each other existing and future Parity Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 1 contract

Samples: Canadian Collateral Trust Agreement (Primus Telecommunications Group Inc)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Lien Debt for which the undersigned is acting as Parity Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Priority Lien Debt and Junior Series of Parity Lien Debt, each existing and future Junior Priority Lien Representative, each other existing and future Parity Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt is Parity Junior Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Parity Junior Lien Debt for which the undersigned is acting as Parity Junior Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future Series of Parity Lien Secured Debt and Junior Lien Debt, each existing and future Junior Parity Lien Representative, each other existing and future Parity Junior Lien Representative and each existing and future holder of Permitted Prior Liens and as a condition to being treated as Secured Debt under the Collateral Trust Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement (Cheniere Energy Inc)

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