Common use of Noteholder Collateral Platform Guarantees Clause in Contracts

Noteholder Collateral Platform Guarantees. (a) The obligations of the Issuer under this Indenture and the Notes shall, as a result of the is- suance of the Noteholder Collateral Bond issued to the Trustee pursuant to the Noteholder Collateral Plat- form, be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis, by each Guarantor under its Noteholder Collateral Platform Guarantee and each other Person that the Issuer shall cause to become a Guarantor pursuant to the terms of this Indenture following the Issue Date. (b) Pursuant to the Noteholder Collateral Platform, the Noteholder Collateral Platform Guar- antees shall be secured by First-Priority Liens on the portion of the Collateral owned by the applicable Guarantor, subject to Section 4.08 hereof.

Noteholder Collateral Platform Guarantees. (a) The obligations of the Issuer under this Indenture and the Notes shall, as a result of the is- suance issuance of the Noteholder Collateral Bond issued to the Trustee pursuant to the Noteholder Collateral Plat- formPlatform, be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis, by each Guarantor under its Noteholder Collateral Platform Guarantee and each other Person that the Issuer shall cause to become a Guarantor pursuant to the terms of this Indenture following the Issue Date. (b) Pursuant to the Noteholder Collateral Platform, the Noteholder Collateral Platform Guar- antees Guarantees shall be secured by First-Priority Liens on the portion of the Collateral owned by the applicable Guarantor, subject to Section 4.08 hereof.