Common use of Securities to be Secured in Certain Events Clause in Contracts

Securities to be Secured in Certain Events. Notwithstanding anything to the contrary contained in Section 801, if upon any such consolidation, amalgamation or merger, or upon any such sale, conveyance or lease, any Principal Property or any shares of stock or Funded Indebtedness of any Restricted Subsidiary owned immediately prior thereto would thereupon become subject to any Mortgage (other than a Mortgage to which such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary may become subject pursuant to Section 1004 hereof without equally and ratably securing the Securities) (the “Triggering Mortgage”), IR Parent, prior to such consolidation, amalgamation, merger, sale, conveyance or lease, will by indenture supplemental hereto secure, or cause to be secured, the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on the Securities (together with, if IR Parent shall so determine, any other indebtedness of or guarantee by IR Parent or such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) by a Mortgage on such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary, the lien of which, upon completion of said merger, consolidation, amalgamation, sale, conveyance or lease, will rank prior to the lien of such Triggering Mortgage.

Securities to be Secured in Certain Events. Notwithstanding anything to the contrary contained in Section 801, if upon any such consolidation, amalgamation or merger, or upon any such sale, conveyance or lease, or upon any consolidation, amalgamation or merger of any Restricted Subsidiary, or upon the sale, conveyance or lease of all or substantially all the property of any Restricted Subsidiary to any other corporation, any Principal Property or any shares of stock or Funded Indebtedness of any Restricted Subsidiary owned immediately prior thereto would thereupon become subject to any Mortgage (other than a Mortgage to which such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary may become subject pursuant to Section 1004 hereof without equally and ratably securing Mortgage, the Securities) (Company, together with the “Triggering Mortgage”), IR ParentGuarantor, prior to such consolidation, amalgamation, merger, sale, conveyance or lease, will by indenture supplemental hereto secure, or cause to be secured, secure the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on the Securities (together with, if IR Parent the Guarantor shall so determine, any other indebtedness of or guarantee by IR Parent the Guarantor, the Company or such other Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) by a Mortgage on such Principal Property or such shares of stock or Funded Indebtedness of such Restricted SubsidiaryMortgage, the lien of which, upon completion of said merger, consolidation, amalgamation, sale, conveyance or lease, will rank prior to the lien of such Triggering MortgageMortgage of such other corporation on all assets owned by the Guarantor, the Company or (if other than the Company) such other Restricted Subsidiary, as the case may be, immediately prior to such merger, consolidation, amalgamation, sale, conveyance or lease.

Securities to be Secured in Certain Events. Notwithstanding anything If, upon any consolidation, merger, sale, conveyance, lease, transfer or other disposition referred to the contrary contained in Section 801, if upon any such consolidation, amalgamation or merger, or upon any such sale, conveyance or lease10.01, any Principal Property Properties of the Company or of any Restricted Subsidiary or any shares of capital stock or Funded Indebtedness indebtedness of any Restricted Subsidiary which is owned immediately prior thereto after such consolidation, merger, sale, conveyance, lease, transfer or other disposition by the Company or a Restricted Subsidiary or a successor to the Company pursuant to Sections 10.01 and 10.02 would thereupon become subject to any Mortgage mortgage, deed of trust, security interest, pledge, lien or encumbrance (other than a Mortgage to which such Principal Property mortgage, deed of trust, security interest, pledge, lien or such shares encumbrance in favor of stock or Funded Indebtedness of such the Company, a Restricted Subsidiary may become subject or any such successor), then unless such mortgage, deed of trust, security interest, pledge, lien or encumbrance could be created pursuant to Section 1004 hereof 4.05 without equally and ratably securing the Securities) (, the “Triggering Mortgage”), IR ParentCompany or Restricted Subsidiary shall, prior to or concurrently with such consolidation, amalgamation, merger, sale, conveyance or conveyance, lease, will by indenture supplemental hereto securetransfer or other disposition, or cause to be secured, the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on effectively provide that the Securities shall be secured equally and ratably with (together with, if IR Parent shall so determine, any other indebtedness of or guarantee by IR Parent prior to) the obligation or liability which upon such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) by a Mortgage on such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary, the lien of which, upon completion of said merger, consolidation, amalgamationmerger, sale, conveyance or conveyance, lease, will rank prior transfer or other disposition is to the become secured as to such properties or assets by such mortgage, deed of trust, security interest, pledge, lien or encumbrance, so long as such properties or assets shall be subject to such mortgage, deed of such Triggering Mortgagetrust, security interest, pledge, lien or encumbrance.

Securities to be Secured in Certain Events. Notwithstanding anything to the contrary contained in Section 801, if upon any such consolidation, amalgamation or merger, or upon any such sale, conveyance or lease, any Principal Property or any shares of stock or Funded Indebtedness of any Restricted Subsidiary owned immediately prior thereto would thereupon become subject to any Mortgage (other than a Mortgage to which such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary may become subject pursuant to Section 1004 hereof without equally and ratably securing the Securities) (the “Triggering Mortgage”), IR Trane Parent, prior to such consolidation, amalgamation, merger, sale, conveyance or lease, will by indenture supplemental hereto secure, or cause to be secured, the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on the Securities (together with, if IR Trane Parent shall so determine, any other indebtedness of or guarantee by IR Trane Parent or such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) by a Mortgage on such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary, the lien of which, upon completion of said merger, consolidation, amalgamation, sale, conveyance or lease, will rank prior to the lien of such Triggering Mortgage.

Securities to be Secured in Certain Events. Notwithstanding anything to the contrary contained in Section 801If, if upon any such consolidation, amalgamation consolidation or merger, merger of the Issuer or upon any such sale, lease or conveyance of the property of the Issuer as an entirety or leasesubstantially as an entirety to any other corporation, any Principal Property owned by the Issuer or a Restricted Subsidiary immediately prior thereto or any shares of stock or Funded Indebtedness indebtedness of any Restricted Subsidiary owned by the Issuer or a Restricted Subsidiary immediately prior thereto would thereupon become subject to any Mortgage mortgage, security interest, pledge, lien or other encumbrance (other than a Mortgage to which unless such Principal Property Secured Debt could have been incurred by the Issuer or such shares of stock or Funded Indebtedness of such any Restricted Subsidiary may become subject pursuant without the Issuer's being required by the provisions of Section 3.6 to Section 1004 hereof without secure the Securities equally and ratably securing the Securitieswith (or prior to) (the “Triggering Mortgage”such Secured Debt), IR Parentthe Issuer or such Restricted Subsidiary, prior to any such consolidation, amalgamation, merger, sale, conveyance lease or leaseconveyance, will by indenture supplemental hereto secure, or cause to be secured, the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on secure the Securities (together with, if IR Parent the Issuer shall so determine, any other indebtedness of incurred, assumed or guarantee guaranteed by IR Parent the Issuer or such Restricted Subsidiary ranking equally with with, or prior to, the Securities and Securities, whether then existing or thereafter created) by a Mortgage direct lien on such Principal Property or such Property, shares of stock or Funded Indebtedness of such Restricted Subsidiaryindebtedness, the lien of which, upon completion of said merger, consolidation, amalgamation, sale, conveyance or lease, will rank prior to the lien of such Triggering Mortgageall liens other than any theretofore existing thereon.

Securities to be Secured in Certain Events. Notwithstanding anything to the contrary contained in Section 801, if If upon any such consolidation, amalgamation or merger, or upon any such sale, conveyance or lease, or upon any consolidation, amalgamation or merger of any Restricted Subsidiary, or upon the sale, conveyance or lease of all or substantially all the property of any Restricted Subsidiary to any other corporation, any Principal Property or any shares of stock or Funded Indebtedness of any Restricted Subsidiary owned immediately prior thereto would thereupon become subject to any Mortgage (other than a Mortgage to which such Principal Property or such shares of stock or Funded Indebtedness of such Restricted Subsidiary may become subject pursuant to Section 1004 hereof without equally and ratably securing Mortgage, the Securities) (the “Triggering Mortgage”), IR ParentCompany, prior to such consolidation, amalgamation, merger, sale, conveyance or lease, will by indenture supplemental hereto secure, or cause to be secured, secure the due and punctual payment of the principal of (and premium, if any, on) and interest, if any, on the Securities (together with, if IR Parent the Company shall so determine, any other indebtedness of or guarantee by IR Parent the Company or such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) by a Mortgage on such Principal Property or such shares of stock or Funded Indebtedness of such Restricted SubsidiaryMortgage, the lien of which, upon completion of said merger, consolidation, amalgamation, sale, conveyance or lease, will rank prior to the lien of such Triggering MortgageMortgage of such other corporation on all assets owned by the Company or such Restricted Subsidiary immediately prior to such merger, consolidation, amalgamation, sale, conveyance or lease.