Common use of Ranking and Collateral Clause in Contracts

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

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

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