Common use of Lien Sharing and Priority Confirmation Clause in Contracts

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility Obligations for which the undersigned is acting as [Revolving Facility Administrative Agent] hereby agrees, for the benefit of all Secured Parties, and as a condition to having such Obligations being treated as Revolving Facility Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility Liens. [or] [Option B: to be used if Additional Debt constitutes Shared Obligations] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations for which the undersigned is acting as [First Lien Term Facility Agent] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Agent] hereby agrees, for the benefit of all Secured Parties, and as a condition to having such Obligations being treated as Shared Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.

Appears in 2 contracts

Samples: Security Agreement (Houghton Mifflin Harcourt Co), Security Agreement (Houghton Mifflin Harcourt Co)

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Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future ABL Agent and Secured Pari Term Loan Debt Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the ABL Intercreditor Agreement, that the New Representative is bound by the provisions of the ABL Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility Liens. ABL Liens [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Pari Term Loan Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Pari Term Loan Debt [that constitutes Term Loan Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Loan Agent] [Second Lien Pari Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Loan Debt Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Obligations Secured Debt under the ABL Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 2 contracts

Samples: Security Agreement (Nexeo Solutions Finance Corp), Abl Intercreditor Agreement (Nexeo Solutions Finance Corp)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving US Facility Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving US Facility Obligations for which the undersigned is acting as [Revolving US Facility Administrative Agent] hereby agrees, for the benefit of all Secured Parties, and as a condition to having such Obligations being treated as Revolving US Facility Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Revolving US Facility Liens. [or] [Option B: to be used if Additional Debt constitutes Shared Revolving Foreign Facility Obligations] The undersigned New Representative, on behalf of itself and each holder of Shared Revolving Foreign Facility Obligations for which the undersigned is acting as [First Lien Term Revolving Foreign Facility Agent] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Administrative Agent] hereby agrees, for the benefit of all Secured Parties, and as a condition to having such Obligations being treated as Shared Revolving Foreign Facility Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Revolving Foreign Facility Liens. [or] [Option C: to be used if Additional Debt constitutes Term Facility Obligations] The undersigned New Representative, on behalf of itself and each holder of Term Facility Obligations for which the undersigned is acting as [Term Facility Administrative Agent] hereby agrees, for the benefit of all Secured Parties, and as a condition to having such Obligations being treated as Term Facility Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Term Facility Liens.

Appears in 1 contract

Samples: Credit Agreement (Chemtura CORP)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility ABL Liens. [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Noteholder Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Noteholder Lien Debt [that constitutes Noteholder Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Agent] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Secured Debt Representative][Noteholder Collateral Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Obligations Secured Debt under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 1 contract

Samples: Intercreditor Agreement (Dominion Textile (Usa), L.L.C.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the ABL Intercreditor Agreement, that the New Representative and each holder of Obligations in respect of which the undersigned is acting as [collateral agent] is bound by the provisions of the ABL Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility Liens. ABL Liens and the order of application of proceeds from enforcement of Fixed Assets Debt Liens [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Fixed Assets Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Fixed Assets Debt or Additional Fixed Assets Debt [that constitutes Fixed Assets Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Agent] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Agent] a Fixed Assets Debt Agent hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Fixed Assets Debt Obligations under the ABL Intercreditor Agreement, that the New Representative and each holder of Obligations in respect of the Series of Fixed Assets Debt for which the undersigned is acting as Fixed Assets Debt Agent are bound by the provisions of the ABL Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Fixed Assets Debt Liens and the order of application of proceeds from enforcement of Fixed Assets Debt Liens.

Appears in 1 contract

Samples: Security Agreement (Clear Channel Outdoor Holdings, Inc.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility ABL Liens. , [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Noteholder Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Noteholder Lien Debt [that constitutes Noteholder Substitute Facility] for which the undersigned is acting as [First Lien Term Facility AgentSecured Debt Representative] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Noteholder Collateral Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Obligations Secured Debt under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 1 contract

Samples: Intercreditor Agreement (Am-Pac Tire Dist. Inc.)

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Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the ABL/Term Loan Intercreditor Agreement, that the New Representative is bound by the provisions of the ABL/Term Loan Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility Liens. Liens [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Pari Term Loan Debt ] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Term Loan Debt Obligations or Additional Pari Term Loan Debt [that constitutes a Term Loan Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Loan Agent] [Second Lien Pari Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes Loan Debt Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Secured Debt Obligations under the ABL/Term Loan Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 1 contract

Samples: Trademark Security Agreement (Installed Building Products, Inc.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agentcollateral agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the ABL/Bond Intercreditor Agreement, that the New Representative is bound by the provisions of the ABL/Bond Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility Liens. Liens [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Pari Notes Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Notes Debt or Additional Pari Notes Debt [that constitutes Notes Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Notes Collateral Agent] [Second Lien Term Facility Agent] [First Lien Pari Notes Agent] [Second Lien Notes Debt Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Secured Debt Obligations under the ABL/Bond Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 1 contract

Samples: Intercreditor Agreement (Builders FirstSource, Inc.)

Lien Sharing and Priority Confirmation. [Option A: to be used if Additional Debt constitutes Revolving Facility ObligationsABL Debt] The undersigned New Representative, on behalf of itself and each holder of Revolving Facility ABL Debt Obligations for which the undersigned is acting as [Revolving Facility Administrative Agent] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Revolving Facility ABL Debt Obligations under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Revolving Facility ABL Liens. [or] [Option B: to be used if Additional Debt constitutes Shared Obligationsa Series of Priority Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Shared Obligations in respect of the Series of Priority Lien Debt [that constitutes Noteholder Substitute Facility] for which the undersigned is acting as [First Lien Term Facility Agent] [Second Lien Term Facility Agent] [First Lien Notes Agent] [Second Lien Notes AgentSecured Debt Representative][Noteholder Collateral Trustee] hereby agrees, for the benefit of all Secured PartiesParties and each future Secured Debt Representative, and as a condition to having such Obligations being treated as Shared Obligations Secured Debt under the Intercreditor Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Shared Obligations Liens.that:

Appears in 1 contract

Samples: Intercreditor Agreement (Solo Cup CO)

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