Common use of Ranking and Collateral Clause in Contracts

Ranking and Collateral. These Notes and any Note Guarantee by a Subsidiary Pledgor will be secured by a security interest in the Collateral pursuant to certain Security Documents. The First Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the First Lien Intercreditor Agreement, equal in ranking with all present and future First Priority Liens and, as set forth in the Second Lien Intercreditor Agreement, will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

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

Ranking and Collateral. These Notes and any Note Guarantee by a Subsidiary Pledgor will be are secured by a security interest in the Collateral pursuant to certain Security Documents. The First Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the First Lien Intercreditor Agreement, equal in ranking with all present and future First Priority Liens and, as set forth in the Second Lien Intercreditor Agreement, will be senior in ranking to all present and future Liens securing Junior Lien Obligations.

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