Common use of Rights of Other Creditors Clause in Contracts

Rights of Other Creditors. The security interest of the Pledgee and the rights of the Pledgee upon the occurrence of any Default or otherwise under this Agreement shall be subject to the senior security interest of the Koyah collateral Agent and the rights of the Koyah Collateral Agent upon the occurrence of any default or otherwise under its security documents.

Rights of Other Creditors. The security interest of the Pledgee and the rights of the Pledgee upon the occurrence of any Default or otherwise under this Agreement shall be subject to the senior first-priority security interest of the Koyah collateral Agent Collateral Agent, the second-priority security interests in favor of Xxxxxxx and Prudent Bear and the rights of the Koyah Collateral Agent Agent, Xxxxxxx and Prudent Bear upon the occurrence of any default or otherwise under its their security documents.

Rights of Other Creditors. The security interest of the Pledgee and the rights of the Pledgee upon the occurrence of any Default or otherwise under this Agreement shall be subject to (i) the senior first-priority security interest of the Koyah collateral Collateral Agent and the senior second-priority security interests of Raven and Ventures and (ii) the rights of the Koyah Collateral Agent Agent, Raven and Ventures upon the occurrence of any default or otherwise under its their security documents.