Common use of Perfection of Junior Trust Estate Clause in Contracts

Perfection of Junior Trust Estate. Solely for purposes of perfecting the Liens of the Collateral Agent in its capacity as agent of the Junior Lien Secured Parties and the Junior Lien Representatives in any portion of the Junior Trust Estate in the possession or control of the Collateral Agent (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any instruments, goods, negotiable documents, tangible chattel paper, certificated securities, securities accounts or money, the Collateral Agent, the Priority Lien Secured Parties and the Priority Lien Representatives hereby acknowledge that the Collateral Agent also holds such property as gratuitous bailee for the benefit of the Collateral Agent for the benefit of the Junior Lien Secured Parties and the Junior Lien Representatives (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(d), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any deposit accounts under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent in its capacity as agent of the holders of the Priority Lien Obligations, the Collateral Agent agrees to also hold control over such deposit accounts as gratuitous agent for the benefit of the Junior Lien Secured Parties and the Junior Lien Representatives.

Perfection of Junior Trust Estate. Solely for purposes of perfecting the Liens of the Collateral Agent Trustee in its capacity as agent of the Junior Parity Lien Secured Parties and the Junior Lien Representatives in any portion of the Junior Trust Estate in the possession or control of the Collateral Agent Trustee (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any instruments, goods, negotiable documents, tangible chattel paper, electronic chattel paper, certificated securities, money, deposit accounts and securities accounts or moneyaccounts, the Collateral Agent, Trustee and the Priority Lien Secured Parties and the Priority Lien Representatives hereby acknowledge that the Collateral Agent Trustee also holds such property as gratuitous bailee for the benefit of the Collateral Agent Trustee for the benefit of the Junior Parity Lien Secured Parties and the Junior Parity Lien Representatives (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(d), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any deposit accounts under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent Trustee in its capacity as agent of the holders of the Priority Lien Obligations, the Collateral Agent Trustee agrees to also hold control over such deposit accounts as gratuitous agent for the benefit of the Junior Parity Lien Secured Parties and the Junior Lien RepresentativesParties.

Perfection of Junior Trust Estate. Solely for purposes of perfecting the Liens of the Collateral Agent Trustee in its capacity as agent of the Junior Parity Lien Secured Parties and the Junior Parity Lien Representatives in any portion of the Junior Trust Estate in the possession or control of the Collateral Agent Trustee (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any instruments, goods, negotiable documents, tangible chattel paper, certificated securities, securities accounts or money, the Collateral AgentTrustee, the Priority Lien Secured Parties and the Priority Lien Representatives hereby acknowledge that the Collateral Agent Trustee also holds such property as gratuitous bailee for the benefit of the Collateral Agent Trustee for the benefit of the Junior Parity Lien Secured Parties and the Junior Parity Lien Representatives (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(d), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any deposit accounts under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent Trustee in its capacity as agent of the holders of the Priority Lien Obligations, the Collateral Agent Trustee agrees to also hold control over such deposit accounts as gratuitous agent for the benefit of the Junior Parity Lien Secured Parties and the Junior Parity Lien Representatives.

Perfection of Junior Trust Estate. Solely for purposes of perfecting the Liens of the Collateral Agent Trustee in its capacity as agent of the holders of Junior Lien Secured Parties Obligations and the Junior Lien Representatives in any portion of the Junior Trust Estate in the possession or control of the Collateral Agent Trustee (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any instruments, goods, negotiable documents, tangible chattel paper, certificated securities, securities accounts or money, the Collateral AgentTrustee, the holders of Priority Lien Secured Parties Obligations and the Priority Lien Representatives hereby acknowledge that the Collateral Agent Trustee also holds such property as gratuitous bailee for the benefit of the Collateral Agent for the benefit holders of the Junior Lien Secured Parties Obligations and the Junior Lien Representatives (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(d106(d)(3), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any deposit accounts under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent Trustee in its capacity as agent of the holders of the Priority Lien Obligations, the Collateral Agent Obligations agrees to also hold control over such deposit accounts as gratuitous agent for the benefit of the holders of Junior Lien Secured Parties Obligations and the Junior Lien Representatives.