Common use of Ranking and Collateral Clause in Contracts

Ranking and Collateral. The Securities and the Subsidiary Guarantees will be secured by a first-priority security interest in the Collateral pursuant to certain Security Documents. The First Priority Liens upon any and all Collateral will be, to the extent and in the manner provided in the Intercreditor Agreements, of equal in ranking to all present and future first priority Liens and will be of senior ranking with all present and future Liens securing second priority lien obligations (including, without limitation, any Other Second-Lien Obligations) as set forth in the Intercreditor Agreements. The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.

Ranking and Collateral. The Securities 2027 First Priority Notes and the Subsidiary Guarantees will be secured by a first-priority security interest in the Collateral pursuant to certain Security Documents. The First Priority Liens upon any and all Collateral will be, to the extent and in the manner provided in the Intercreditor Agreements, of equal in ranking to all present and future first priority Liens and will be of senior ranking with all present and future Liens securing second priority lien obligations (including, without limitation, any Other Second-Lien Obligations) as set forth in the Intercreditor Agreements. The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.

Ranking and Collateral. The Securities and the Subsidiary Guarantees will be secured by a firstsecond-priority security interest in the Collateral pursuant to certain Security Documents. The First Second Priority Liens upon any and all Collateral will be, to the extent and in the manner provided in the Intercreditor AgreementsAgreement, of equal subordinate in ranking to all present and future first priority Liens and will be of senior equal ranking with all present and future Liens securing second priority lien obligations (including, without limitation, any Other Second-Lien Obligations) Obligations as set forth in the Intercreditor AgreementsAgreement. The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.

Ranking and Collateral. The Until the occurrence of a Collateral Fall-Away Event, the Securities and the Subsidiary Guarantees will be secured by a firstsecond-priority security interest in the Collateral pursuant to certain Security Documents. The First Second Priority Liens upon any and all Collateral will be, to the extent and in the manner provided in the Intercreditor AgreementsAgreement, of equal subordinate in ranking to all present and future first priority Liens and will be of senior equal ranking with all present and future Liens securing second priority lien obligations (including, without limitation, any Other Second-Lien Obligations) Obligations as set forth in the Intercreditor AgreementsAgreement. The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.

Ranking and Collateral. The Securities 2025 First Priority Notes and the Subsidiary Guarantees will be secured by a first-priority security interest in the Collateral pursuant to certain Security Documents. The First Priority Liens upon any and all Collateral will be, to the extent and in the manner provided in the Intercreditor Agreements, of equal in ranking to all present and future first priority Liens and will be of senior ranking with all present and future Liens securing second priority lien obligations (including, without limitation, any Other Second-Lien Obligations) as set forth in the Intercreditor Agreements. The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.