Common use of Rights of Other Creditors Clause in Contracts

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

Rights of Other Creditors. The security interest of the Secured Party and the rights of the Secured Party upon the occurrence of any Event of Default or otherwise under this Agreement shall be subject to (i) the senior first-priority security interest of the Koyah Collateral Agent, Agent and the senior second-priority security interest in favor interests of Xxxxxxx Raven and Prudent Bear Ventures and (ii) the rights of the Koyah Collateral Agent, Xxxxxxx Raven and Prudent Bear Ventures upon the occurrence of any event of default or otherwise under their security documents.

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