Collateral Priority. Notwithstanding (a) the date, time, method, manner, or order of grant, attachment, or perfection of any Liens now or hereafter granted to the Agents, the Lenders or the Export-Related Lender in respect of all or any portion of the Collateral, (b) any provision of UCC or any other applicable law, or of the Loan Documents or the Export-Related Financing Documents, or (c) any other circumstance of any kind or nature whatsoever, each of the Agents, the Lenders and the Export-Related Lender, herby agree that: (i) all right, title and interests of the Export-Related Lender in and to the Lender Priority Collateral, including, without limitation, all right, title and interest in and to the Lender Priority Collateral arising under or pursuant to any and all Liens securing the Export-Related Obligations now or hereafter held by or on behalf of the US Collateral Agent or the Export-Related Lender shall in all respects be junior and subordinate to all right, title and interests of the Agents, the Issuing Bank, the Lenders and the Other Secured Parties in and to such Lender Priority Collateral. (ii) all right, title and interests of the Agents, the Issuing Bank, the Lenders and the Other Secured Parties in and to the Export-Related Priority Collateral, including, without limitation, all right, title and interest in and to the Export-Related Priority Collateral arising under or pursuant to any and all Liens securing the Secured Obligations (other than the Export-Related Obligations) now or hereafter held by or on behalf of any Agent, the Issuing Bank, any Lender or any Other Secured Parties shall in 129 all respects be junior and subordinate to all right, title and interests of the Export-Related Lender in and to such Export-Related Priority Collateral.
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Sources: Credit Agreement (Stewart & Stevenson Funding Corp.)
Collateral Priority. Notwithstanding (a) the date, time, method, manner, or order of grant, attachment, or perfection of any Liens now or hereafter granted to the Agents, the Lenders or the Export-Related Lender in respect of all or any portion of the Collateral, (b) any provision of UCC or any other applicable law, or of the Loan Documents or the Export-Related Financing Documents, or (c) any other circumstance of any kind or nature whatsoever, each of the Agents, the Lenders and the Export-Related Lender, herby agree that:
(i) all right, title and interests of the Export-Related Lender in and to the Lender Priority Collateral, including, without limitation, all right, title and interest in and to the Lender Priority Collateral arising under or pursuant to any and all Liens securing the Export-Related Obligations now or hereafter held by or on behalf of the US Collateral Agent or the Export-Related Lender shall in all respects be junior and subordinate to all right, title and interests of the Agents, the Issuing Bank, the Lenders and the Other Secured Parties in and to such Lender Priority Collateral.
(ii) all right, title and interests of the Agents, the Issuing Bank, the Lenders and the Other Secured Parties in and to the Export-Related Priority Collateral, including, without limitation, all right, title and interest in and to the Export-Related Priority Collateral arising under or pursuant to any and all Liens securing the Secured Obligations (other than the Export-Related Obligations) now or hereafter held by or on behalf of any Agent, the Issuing Bank, any Lender or any Other Secured Parties shall in 129 all respects be junior and subordinate to all right, title and interests of the Export-Related Lender in and to such Export-Related Priority Collateral.
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