TRUSTEES' LIEN. The Trustees' lien over the Trust Fund in respect of liabilities incurred by them in the performance of their duties (including the repayment of borrowed money and tax liabilities) shall be enforceable subject to the following restrictions:
TRUSTEES' LIEN. The Trustees, the TAC, the Legal Representative, and the Additional Indemnitees shall have a first priority lien upon the PI Trust assets to secure the payment of any amounts payable to them pursuant to Section 4.7 above.
TRUSTEES' LIEN. Notwithstanding anything to the contrary in this Collateral Trust Agreement, as security for the payment of Trustee Fees (i) the Collateral Trustee is hereby granted a lien upon all Collateral which shall have priority ahead of all other Secured Obligations secured by such Collateral and (ii) the Collateral Trustee shall have the right to use and apply any of the funds held by the Collateral Trustee in the Collateral Account to cover such Trustee Fees.
TRUSTEES' LIEN. Notwithstanding anything to the contrary in this Trust Agreement, as security for the payment of Trustee Fees (i) the Trustees are hereby granted a first priority lien upon all Collateral and (ii) the Trustees shall have the right to use and apply any of the funds held by the Corporate Trustee in the Collateral Account to cover such Trustee Fees.
TRUSTEES' LIEN. Notwithstanding anything to the contrary in this Trust Agreement, as security for the payment of Trustee Fees (i) the Trustee is hereby granted a Lien upon all Collateral prior to all Secured Parties and (ii) the Trustee shall have the right to use and apply any of the funds held by the Trustee in the Collateral Account to cover such Trustee Fees.
TRUSTEES' LIEN. Notwithstanding anything to the contrary in this Agreement, as security for the payment of Trustee Fees, (i) the Trustee is hereby granted a Lien upon all Collateral and (ii) the Trustee shall have the right (in accordance with clause (a) of Section 3.4) to use and apply any of the funds held by the Trustee in the Collateral Account to cover such Trustee Fees. In addition to the foregoing application right, the Trustee shall have all of the rights and remedies of a secured creditor set forth in the UCC. The provisions of this Section 4.7 will survive the termination of the other provisions of this Agreement and the Collateral Documents and the resignation or removal of the Trustee and shall continue until all of the Trustee Fees are paid in full in cash.
TRUSTEES' LIEN. The Trustees shall have a prior lien upon the Trust Estate to secure the payment of any amounts payable to them pursuant to Section 5.05 or 5.06.
TRUSTEES' LIEN. The Trustees and Additional Indemnitees shall have a first-priority lien upon the Asbestos PI Trust Assets to secure the payment of any amounts payable to them pursuant to article 4.5 or 4.6.
TRUSTEES' LIEN. The Trustees, ZTAC Members, and the PD FCR shall have a first priority lien upon the PD Trust Assets to secure the payment of any amounts payable to them pursuant to Section 4.6 above.
TRUSTEES' LIEN. The Trustees shall have a first priority lien upon the Trust Assets to secure the payment of any amounts payable to them pursuant to Section 3.05 or Section 3.06 of this Agreement.
