Common use of Notice Following Discharge of Priority Lien Obligations Clause in Contracts

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Trustee and to each other Secured Debt Representative.

Appears in 15 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement (MRC Global Inc.), Collateral Trust Agreement (Foresight Energy LP)

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Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge Discharge to the Priority Lien Collateral Trustee Agent, the Collateral Agent and to each other Secured Debt Representative.

Appears in 4 contracts

Samples: Intercreditor Agreement (Advanced Audio Concepts, LTD), Intercreditor Agreement (Fleetwood Enterprises Inc/De/), Intercreditor Agreement (Fleetwood Homes of Kentucky, Inc.)

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Trustee Agent and to each other Secured Debt Representative, provided that the failure to provide such written notice shall not affect the effectiveness of such Discharge of Priority Lien Obligations.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Gogo Inc.), Collateral Agency Agreement (Gogo Inc.)

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge Discharge to the Collateral Trustee Trustee, the Priority Lien Collateral Agent, the Parity Lien Collateral Agent and to each other Secured Debt Representative.

Appears in 1 contract

Samples: Intercreditor Agreement (MagnaChip Semiconductor LTD (United Kingdom))

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge Discharge to the Collateral Trustee Holdings, each Agent and to each other Secured Debt Representative.

Appears in 1 contract

Samples: Intercreditor Agreement (Neff Finance Corp.)

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Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge Discharge to the Priority Lien Collateral Trustee Agent, Collateral Agent and to each other Secured Debt Representative.

Appears in 1 contract

Samples: Intercreditor Agreement (Interdent Inc)

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Trustee and to each other Secured Debt Representative.. Section 8.10

Appears in 1 contract

Samples: Collateral Trust Agreement (Altera Infrastructure L.P.)

Notice Following Discharge of Priority Lien Obligations. Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Trustee and to each other Secured Debt RepresentativeTrustee.

Appears in 1 contract

Samples: Collateral Trust Agreement (CSI Compressco LP)

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