No Subordination of the Relative Priority of Claims. The parties agree that the subordination of Liens set forth herein is with respect to the priority of their respective Liens in and to the ABL Collateral only and shall not constitute a subordination of the Term Loan Debt to the ABL Debt or a subordination of the ABL Debt to the Term Loan Debt.
Appears in 3 contracts
Samples: Intercreditor Agreement (Kronos Worldwide Inc), Intercreditor Agreement (Kronos Worldwide Inc), Credit Agreement (Kronos Worldwide Inc)
No Subordination of the Relative Priority of Claims. The parties agree that the subordination of Liens set forth herein is with respect to the priority of their respective Liens in and to the ABL Collateral only and shall not constitute a subordination of the Term Loan Second Lien Debt to the ABL Debt or a subordination of the ABL Debt to the Term Loan First Lien Debt...
Appears in 1 contract
No Subordination of the Relative Priority of Claims. The parties agree that the subordination of Liens set forth herein is with respect to the priority of their respective Liens in and to the ABL Collateral only and shall not constitute a subordination of the Term Loan Second Lien Debt to the ABL First Lien Debt or a subordination of the ABL First Lien Debt to the Term Loan Second Lien Debt.
Appears in 1 contract
Samples: Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)
No Subordination of the Relative Priority of Claims. The parties agree that the subordination of Liens set forth herein is with respect to the priority of their respective Liens in and to the ABL Collateral only and shall not constitute a subordination of the Term Loan Second Lien Debt to the ABL Debt or a subordination of the ABL Debt to the Term Loan First Lien Debt.
Appears in 1 contract
Samples: Intercreditor Agreement
