Common use of TRUSTEES' LIEN Clause in Contracts

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.

Appears in 3 contracts

Samples: Raytech Corp Asbestos Personal Injury Settlement Trust, Raytech Corp Asbestos Personal Injury Settlement Trust, Raytech Corp Asbestos Personal Injury Settlement Trust

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TRUSTEES' LIEN. The Trustees, the TAC, the Legal Representative, Trustees and the Additional Indemnitees shall have a first priority lien upon the PI Trust assets Assets to secure the payment of any amounts payable to them pursuant to Section 4.7 4.6 above.

Appears in 1 contract

Samples: Armstrong Holdings Inc /Pa/

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TRUSTEES' LIEN. The Trustees, members of the TAC, the Legal Future Claimants' Representative, and the Additional Indemnitees shall have a first priority lien upon the PI Trust assets Assets to secure the payment of any amounts payable to them pursuant to Section 4.7 4.6 above.

Appears in 1 contract

Samples: Armstrong World Industries Inc

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