Pari Passu Priority. Subject to Section 7 and except as set forth in Section 34 with respect to the Collateral – Barrels, each of the Obligors and each Pari Passu Creditor agrees that all Liens and whatever other right, title or interest (if any) any such Pari Passu Creditor may have at any time in or to any Collateral as security for the Pari Passu Debt shall, at all times and in all respects, be pari passu in priority and in all other respects with all Liens and any other right, title or interest of Aegis in or to any such Collateral as security for the Aegis Debt, irrespective of the time or order of the creation or perfection of any such Lien, right, title or interest and irrespective of any failure by Aegis to create or perfect any such Lien, right, title or interest.
Pari Passu Priority. Subject to Section 7, each of the Obligors and each Bigger-District Creditor agrees that all Liens and whatever other right, title or interest (if any) any such Bigger-District Creditor may have at any time in or to any Collateral as security for the Bigger-District Debt shall, at all times and in all respects, be pari passu in priority and in all other respects with all Liens and any other right, title or interest of Aegis in or to any such Collateral as security for the Aegis Debt, irrespective of the time or order of the creation or perfection of any such Lien, right, title or interest and irrespective of any failure by Aegis to create or perfect any such Lien, right, title or interest. Subject to Section 7, each of the Obligors and Aegis agree that all Liens and whatever other right, title or interest (if any) Aegis may have at any time in or to any Collateral as security for the Aegis Debt shall, at all times and in all respects, be pari passu in priority and in all other respects with all Liens and any other right, title or interest of the Bigger-District Creditors in or to any such Collateral as security for the Bigger-District Debt, irrespective of the time or order of the creation or perfection of any such Lien, right, title or interest and irrespective of any failure by the Bigger-District Creditors to create or perfect any such Lien, right, title or interest.
