Common use of Ranking and Collateral Clause in Contracts

Ranking and Collateral. These Securities and the Note Guaranties are secured by a second priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 3 contracts

Samples: Indenture (Verso Paper Holdings LLC), Indenture (Verso Paper Corp.), First Supplemental Indenture (Verso Paper Corp.)

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Ranking and Collateral. These The Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Securities Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority first priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Aeroways, LLC), Indenture (Cke Restaurants Inc)

Ranking and Collateral. These The Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority first priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Berry Plastics Corp), Indenture (Berry Plastics Corp)

Ranking and Collateral. These The Securities and the Note Guaranties are Guarantees will be secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Securities Liens upon any and all Collateral arewill be, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority first priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Aeroways, LLC), Indenture (Cke Restaurants Inc)

Ranking and Collateral. These The Securities and the Note Guaranties are Guarantees will be secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral arewill be, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority first priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Berry Plastics Corp), Indenture (Berry Plastics Corp)

Ranking and Collateral. These Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (New Holding, Inc.)

Ranking and Collateral. These Securities Notes and the Note Guaranties are Guarantees will be secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate second in ranking to priority behind all present and future First Priority Liens Lien Obligations and will be of equal ranking pari passu in priority with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Agreementsecuring Other Second-Lien Obligations.

Appears in 1 contract

Samples: Indenture (CAESARS ENTERTAINMENT Corp)

Ranking and Collateral. These Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain the Indenture and any Security Documents. The Second Priority Securities Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Subordination Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Subordination Agreement.

Appears in 1 contract

Samples: Indenture (New Holding, Inc.)

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Ranking and Collateral. These Securities and the Note Guaranties Notes are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Gnoc Corp.)

Ranking and Collateral. These Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Verso Sartell LLC)

Ranking and Collateral. These Securities Notes and the Note Guaranties are Guarantees will be secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Quality Distribution Inc)

Ranking and Collateral. These Securities Notes and the Note Guaranties are Guarantees will be secured by a second second-priority security interest in Liens on the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate junior in ranking to behind all present and future First Priority Liens Lien Obligations and will be of equal in ranking with all present and future Parity Liens as set forth in Article 10 of the Indenture and the Intercreditor Agreementsecuring Second Priority Lien Obligations.

Appears in 1 contract

Samples: Indenture (Vici Properties Inc.)

Ranking and Collateral. These Securities and the Note Guaranties Guarantees are secured by a second second-priority security interest in the Collateral pursuant to certain Security Documents. The Second Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to all present and future First Priority Liens and will be of equal ranking with all present and future Parity Liens securing Other Second-Lien Obligations as set forth in Article 10 of the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Berry Plastics Holding Corp)

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