Common use of Ranking and Collateral Clause in Contracts

Ranking and Collateral. From the Issue Date, the Notes and the Subsidiary Guarantees will be secured by security interests (subject to Permitted Liens and Liens permitted by Section 4.12 of the Indenture) in the Collateral pursuant to the Security Documents (but subject to the terms and conditions of the Security Documents and the Senior Lien Intercreditor Agreement). The Liens upon any and all Collateral are, to the extent and in the manner provided in the Senior Lien Intercreditor Agreement, junior in ranking with all present and future Liens securing First-Priority Lien Obligations, are equal in ranking to all present and future Liens securing Other Second-Lien Obligations and will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

Ranking and Collateral. From the Issue Date, the Notes and the Subsidiary Guarantees will be secured by security interests (subject to Permitted Liens and Liens permitted by Section 4.12 of the IndentureLiens) in the Collateral pursuant to the Security Documents (but subject to the terms and conditions of the Security Documents Documents, including the Collateral Trust and Intercreditor Agreement and the Senior Lien Intercreditor Agreement). The Liens upon any and all Collateral are, to the extent and in the manner provided in the Senior Lien Security Documents, including the Collateral Trust and Intercreditor Agreement and the Intercreditor Agreement, junior in ranking with all present and future Liens securing First-First Priority Lien Obligations, are equal in ranking to all present and future Liens securing Other Second-Second Lien Obligations and will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

Ranking and Collateral. From the Issue Date, the Notes and the Subsidiary Guarantees will be secured by second-priority security interests (subject to Permitted Liens and Liens permitted by Section 4.12 4.11 of the Indenture) in the Collateral pursuant to the Security Documents (but subject to the terms and conditions of the Security Documents Documents, the Senior Lien Intercreditor Agreement and the Senior Second Lien Intercreditor Agreement). The Liens upon any and all Collateral are, to the extent and in the manner provided in the Senior Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement, junior in ranking with all present and future Liens securing First-Priority Lien Obligations, are equal in ranking to all present and future Liens securing Other Second-Lien Obligations and will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

Ranking and Collateral. From the Issue Date, the Notes and the Subsidiary Guarantees will be secured by second-priority security interests (subject to Permitted Liens and Liens permitted by Section 4.12 of the Indenture) in the Collateral pursuant to the Security Documents (but subject to the terms and conditions of the Security Documents and the Senior Lien Intercreditor Agreement). The Liens upon any and all Collateral are, to the extent and in the manner provided in the Senior Lien Intercreditor Agreement, junior in ranking with all present and future Liens securing First-Priority Lien Obligations, are equal in ranking to all present and future Liens securing Other Second-Lien Obligations and will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

Ranking and Collateral. From the Issue Date, the Notes Notes, the Parent Guarantee and the Subsidiary Guarantees will be secured by second-priority security interests (subject to the Permitted Liens and Liens permitted by Section 4.12 of the IndentureLiens) in the Collateral pursuant to the Security Documents (but subject to the terms and conditions of the Security Documents and the Senior First Lien/Second Lien Intercreditor Agreement). The Liens upon any and all Collateral are, to the extent and in the manner provided in the Senior First Lien/Second Lien Intercreditor Agreement, junior in ranking with all present and future Liens securing First-Priority Lien Obligations, are equal in ranking to with all present and future Liens securing Other Second-Lien Priority Obligations and will be senior in ranking to all present and future Liens securing Junior Lien Obligations.