Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 7 contracts
Samples: Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders Secured Parties presently exist or are hereafter created or attach.
Appears in 7 contracts
Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)
Liens Subordinate. Each Guarantor agrees that any liensLiens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liensLiens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders Secured Parties presently exist or are hereafter created or attach.
Appears in 4 contracts
Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the either Borrower’s or any Subsidiary of the either Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the either Borrower’s or any Subsidiary of the either Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 4 contracts
Samples: Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (MxEnergy Holdings Inc)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s 's or any Subsidiary of the Borrower’s 's assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s 's or any Subsidiary of the Borrower’s 's assets securing payment of the ObligationsLiabilities, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 3 contracts
Samples: Subordinated Guaranty Agreement (Brigham Exploration Co), Guaranty Agreement (Brigham Exploration Co), Guaranty Agreement (Brigham Exploration Co)
Liens Subordinate. Each Guarantor agrees that any liensLiens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s Borrowers’ or any Subsidiary of the Borrower’s assets Borrowers’ properties securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liensLiens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s Borrowers’ or any Subsidiary of the Borrower’s assets Borrowers’ properties securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 2 contracts
Samples: Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (North American Galvanizing & Coatings Inc)
Liens Subordinate. Each Subsidiary Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Subsidiary Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Subsidiary Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
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Liens Subordinate. Each Guarantor agrees that any liensLiens, security interests, judgment liens, charges or other encumbrances upon the BorrowerCounterparty’s or any Subsidiary of the BorrowerCounterparty’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liensLiens, security interests, judgment liens, charges or other encumbrances upon the BorrowerCounterparty’s or any Subsidiary of the BorrowerCounterparty’s assets securing payment and/or performance of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders Hedge Provider presently exist or are hereafter created or attach.
Appears in 1 contract
Samples: Master Transaction Agreement (Total Gas & Electricity (PA) Inc)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Guarantor Claims shall and any claims or maritime liens that any Guarantor may have currently or in the future against any Vessel shall, in each case, be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
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Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the Borrowerits Subsidiary’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the such Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Facility Agent or the Lenders presently exist or are hereafter created or attach.
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Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
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Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders Participants presently exist or are hereafter created or attach.
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Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Subordinated Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Brigham Exploration Co)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s 's or any Subsidiary of the Borrower’s 's assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s 's or any Subsidiary of the Borrower’s 's assets securing payment of the Subordinated Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Agent or the Lenders presently exist or are hereafter created or attach.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Brigham Exploration Co)
Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the any Borrower’s or any Subsidiary of the BorrowerRestricted Subsidiary’s assets securing payment of the Obligations, regardless of whether such encumbrances in favor of any Guarantor, the Administrative Collateral Agent or the Lenders presently exist or are hereafter created or attach.
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