Common use of Transfer of Pledged Collateral to Second Lien Agent Clause in Contracts

Transfer of Pledged Collateral to Second Lien Agent. (a) First Lien Agent hereby agrees that upon the Payment in Full of First Lien Priority Debt, to the extent permitted by applicable law, upon the written request of Second Lien Agent (with all costs and expenses in connection therewith to be for the account of Second Lien Agent and to be paid by Grantors):

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Erickson Inc.)

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Transfer of Pledged Collateral to Second Lien Agent. (a) First Lien Agent hereby agrees that upon the Payment in Full of First Lien Priority Debt, to the extent permitted by applicable law, upon the written request of Second Lien Agent (with all costs and expenses in connection therewith to be for the account of Second Lien Agent and to be paid by Grantors):

Appears in 1 contract

Samples: Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)

Transfer of Pledged Collateral to Second Lien Agent. (a) First Lien Agent hereby xxxxxx agrees that upon the Payment in Full of First Lien Priority Debt, to the extent permitted by applicable law, upon the written request of Second Lien Agent (with all costs and expenses in connection therewith to be for the account of Second Lien Agent and to be paid by Grantors):

Appears in 1 contract

Samples: Intercreditor Agreement

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Transfer of Pledged Collateral to Second Lien Agent. (a) The First Lien Agent Agents hereby agrees agree that upon the Payment in Full of the First Lien Priority DebtObligations which is not accompanied by the payment in full of the Second Lien Obligations, to the extent permitted by applicable law, upon the written request of Endologix or of Second Lien Agent (with all costs and expenses in connection therewith to be for the account of Endologix (or, if Endologix fails to pay such costs and expenses, at the cost and expense of the Second Lien Creditors other than the Second Lien Agent and to be paid by Grantorsthe Trustee):

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Endologix Inc /De/)

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