Common use of Lien Sharing and Priority Confirmation Clause in Contracts

Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] for which the undersigned is acting as Additional Debt Representative hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and each existing and future Secured Lien Representative, and as a condition to being treated as Secured Debt under the Intercreditor Agreement that:

Appears in 2 contracts

Samples: Intercreditor and Proceeds Agreement (Atlas Corp.), Intercreditor and Proceeds Agreement (Seaspan CORP)

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Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Series of Parity Lien Debt for which the undersigned is acting as Additional Debt Authorized Representative hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and each existing and future Series of Parity Lien Debt, each other existing and future Authorized Representative and each current and future Secured Lien Representative, Party and as a condition to being treated as Secured Parity Lien Debt under the Intercreditor Collateral Trust Agreement that:

Appears in 2 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement (Toys R Us Inc)

Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Series of Parity Lien Debt for which the undersigned is acting as Additional Debt Authorized Representative hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and each existing and future Series of Parity Lien Debt, each other existing and future Authorized Representative and each current and future Secured Lien Representative, Party and as a condition to being treated as Secured Parity Lien Debt under the Parity Lien Intercreditor Agreement that:

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Constellium N.V.)

Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Series of Priority Lien Debt for which the undersigned is acting as Additional Debt Representative Priority Lien Representative, hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and each existing and future Secured Series of Priority Lien Representative, Debt and each other existing and future Priority Lien Representative and as a condition to being treated as Secured Priority Lien Debt under the Intercreditor Collateral Trust Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Priority Lien Secured Party for which the undersigned is acting as Additional Debt Representative [Agent] hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and Parties, including each existing and future Secured Lien Debt Representative, and as a condition to being treated as Secured Debt Priority Lien Obligations under the Intercreditor Agreement that:Agreement, that the New Representative is bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Priority Liens.

Appears in 1 contract

Samples: Intercreditor Agreement (Rentech Nitrogen Partners, L.P.)

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Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Series of Parity Lien Debt for which the undersigned is acting as Additional Parity Lien Debt Representative hereby agrees, for the enforceable benefit of all holders of all existing each present and future Loan Secured Obligations Series of Parity Lien Debt, each other present and Addition future Parity Lien Debt Secured Documents Representative and each existing present and future Secured holder of Parity Lien Representative, Obligations and as a condition to being treated as Secured Debt Parity Lien Obligations under the Intercreditor Collateral Trust Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement (Goodman Networks Inc)

Lien Sharing and Priority Confirmation. The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the [New Debt] Series of Parity Lien Debt for which the undersigned is acting as Additional Debt Representative Parity Lien Representative, hereby agrees, for the enforceable benefit of all holders of all existing and future Loan Secured Obligations and Addition Debt Secured Documents and each existing and future Secured Series of Parity Lien RepresentativeDebt, and as a condition to being treated as Secured Debt under the Intercreditor Agreement that:

Appears in 1 contract

Samples: Collateral Trust Agreement (Alliance One International, Inc.)

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