Common use of No Alteration of Priority Clause in Contracts

No Alteration of Priority. The Lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Obligations, the indebtedness payable under the Oil and Gas Facility Agreements or the indebtedness payable under the Trustee Agreements, nor by any action or inaction which any Creditor may take or fail to take in respect of the Collateral.

No Alteration of Priority. The Lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Obligations, the indebtedness payable under the Oil and Gas Facility Agreements Revolving Note or the any indebtedness payable under the Trustee AgreementsMortgage Note, nor by any action or inaction which any either Creditor may take or fail to take in respect of the Collateral.

No Alteration of Priority. The Lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Obligations, the any Laurus Obligations or any indebtedness payable under the Oil and Gas Facility Agreements or the indebtedness payable under the Trustee MidMark Agreements, nor by any action or inaction which any Creditor may take or fail to take in respect of the Laurus Senior Collateral.

No Alteration of Priority. The Lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Obligations, the any Senior Indebtedness or any indebtedness payable under the Oil and Gas Facility Agreements or the indebtedness payable under the Trustee Foothill Agreements, nor by any action or inaction which any either Creditor may take or fail to take in respect of the Collateral.

No Alteration of Priority. The Lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing (except as may be otherwise provided in this Agreement in connection with any refinancing) of either the Obligations, the any Senior Indebtedness or any indebtedness payable under the Oil and Gas Facility Agreements or the indebtedness payable under the Trustee Subordinated Lienholder Agreements, nor by any action or inaction which any either Creditor or Lenders may take or fail to take in respect of the Collateral.