Common use of Security: Intra-Group Lenders Clause in Contracts

Security: Intra-Group Lenders. Prior to the Senior Discharge Date, the Intra-Group Lenders may not take, accept or receive the benefit of any Security over any asset of any member of the Group or any guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Intra-Group Liabilities unless:

Security: Intra-Group Lenders. Prior to the Senior Discharge Date, the Intra-Group Lenders may not take, accept or receive the benefit of any Security over any asset of any member of the Group or any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Intra-Group Liabilities unless:unless that Security, guarantee, indemnity or other assurance against loss is expressly permitted under the terms of the Senior Facilities Agreement or (to the extent not permitted) prior to the Senior Discharge Date, the prior consent of the Majority Instructing Creditors is obtained.

Security: Intra-Group Lenders. Prior to the Senior Secured Discharge Date, the Intra-Group Lenders may not take, accept or receive the benefit of any Security over any asset of any member of the Group or any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of the Intra-Group Liabilities unless:

Security: Intra-Group Lenders. Prior to the Senior Discharge Date, none of the Intra-Group Lenders may not take, accept or receive the benefit of any Security over any asset of any member of the Group or any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Intra-Group Liabilities unless:Liabilities, unless the prior written consent of the Senior Agent (acting on the instructions of the Majority Senior Lenders) shall have been obtained.