Common use of Collateral and Collateral Documents Clause in Contracts

Collateral and Collateral Documents. (a) In order to secure the due and punctual payment of the Notes, the Company and the Subsidiary Guarantors have entered into the Collateral Documents to create the Note Liens on the Collateral in accordance with the terms thereof. Pursuant to the provisions of the Lien Subordination Agreement, the Collateral Documents and this Indenture, the rights and remedies of the Trustee and the Holders of the Notes in the Collateral shall be subordinate and subject to the rights and remedies of the holders of the Priority Liens in accordance with the terms of Lien Subordination Agreement and the Collateral Documents. In the event of a conflict among the terms of this Indenture, the Collateral Documents, and the Lien Subordination Agreement, the Lien Subordination Agreement shall control. (b) Each Holder of a Note, by accepting such Note, agrees to all of the terms and provisions of the Collateral Documents and the Lien Subordination Agreement. (c) Neither the Company nor any of the Subsidiary Guarantors shall, or shall cause or permit any of its Domestic Restricted Subsidiaries to, ▇▇▇▇▇ ▇ ▇▇▇▇ on any of its Collateral to the Agent under the Credit Agreement for the benefit of the lenders under the Credit Agreement unless a Note Lien is created in favor of the Trustee (for the benefit of the Noteholders) with respect to such property or assets.

Collateral and Collateral Documents. (a) In order to secure the due and punctual payment of the Notes, the Company and the Subsidiary Guarantors have entered into the Collateral Documents to create the Note Liens on the Collateral in accordance with the terms thereof. Pursuant to the provisions of the Lien Subordination Agreement, the Collateral Documents and this Indenture, the rights and remedies of the Trustee and the Holders of the Notes in the Collateral shall be subordinate and subject to the rights and remedies of the holders of the Priority Liens in accordance with the terms of Lien Subordination Agreement and the Collateral Documents. In the event of a conflict among the terms of this Indenture, the Collateral Documents, and the Lien Subordination Agreement, the Lien Subordination Agreement shall control. (b) Each Holder of a Note, by accepting such Note, agrees to all of the terms and provisions of the Collateral Documents and the Lien Subordination Agreement. (c) Neither the Company nor any of the Subsidiary Guarantors shall, or shall cause or permit any of its Domestic Restricted Subsidiaries to, ▇▇▇▇▇ ▇ ▇▇▇▇ on any of its Collateral to the Agent under the Credit Agreement agent for the benefit of the lenders under the Credit Agreement unless a Note Lien is created in favor of the Trustee (Collateral Agent for the benefit of the NoteholdersTrustee (on behalf of the Trustee and the Holders of the Notes) with respect to such property or assets.

Collateral and Collateral Documents. (a) In order to secure the due and punctual payment of the Notes, the Company and the Subsidiary Guarantors have entered into the Collateral Documents to create the Note Liens on the Collateral in accordance with the terms thereof. Pursuant to the provisions of the Lien Subordination Agreement, the Collateral Documents and this Indenture, the rights and remedies of the Trustee and the Holders of the Notes in the Collateral shall be subordinate and subject to the rights and remedies of the holders of the Priority Liens in accordance with the terms of the Lien Subordination Agreement and the Collateral Documents. In the event of a conflict among the terms of this Indenture, the Collateral Documents, Documents and the Lien Subordination Agreement, the Lien Subordination Agreement shall control. (b) Each Holder of a Note, by accepting such Note, agrees to all of the terms and provisions of the Collateral Documents and the Lien Subordination Agreement and hereby authorizes and directs the Trustee to enter into such Collateral Documents and Lien Subordination Agreement. (c) Neither the Company nor any of the Subsidiary Guarantors shall, or shall cause or permit any of its Domestic Restricted Subsidiaries to, ▇▇▇▇▇ ▇ ▇▇▇▇ on any of its Collateral to the Agent under the Credit Agreement for the benefit of the lenders under the Credit Agreement unless a Note Lien is created in favor of the Trustee (for the benefit of the Noteholders) with respect to such property or assets.