Nonavoidability and Perfection. The relative priority arrangements set forth in this Agreement are applicable regardless of whether the security interest and/or lien to which another security interest and/or lien is not perfected or is voidable for any reason.
Appears in 3 contracts
Samples: Access, Use and Intercreditor Agreement, Access, Use and Intercreditor Agreement (Constar International Inc), Access, Use and Intercreditor Agreement (Constar International Inc)
Nonavoidability and Perfection. The subordinations and relative priority arrangements set forth in this Agreement are applicable regardless of whether the security interest and/or lien to which another security interest and/or lien is subordinated is not perfected or is voidable for any reason.
Appears in 2 contracts
Samples: Subordination Agreement (Z Tel Technologies Inc), Standby Credit Facility Agreement (Z Tel Technologies Inc)
