Common use of Liens created under the Collateral Documents Clause in Contracts

Liens created under the Collateral Documents. If the Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its Properties, whether now owned or hereafter acquired, other than Liens permitted under the foregoing provisions of this Section 8.2, it shall make or cause to be made effective provision whereby the Obligations of the Credit Parties hereunder and under the other Loan Documents will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, -------- notwithstanding the foregoing, this provision shall not be construed as a consent by the Lenders to the creation or assumption of any Lien other than as permitted by the foregoing provisions of this Section 8.2

Liens created under the Collateral Documents. If the Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its Properties, whether now owned or hereafter acquired, other than Liens permitted under the foregoing provisions of this Section 8.2, it shall make or cause to be made effective provision whereby the Obligations of the Credit Parties hereunder and under the other Loan Documents will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, -------- notwithstanding the foregoing, -------- this provision shall not be construed as a consent by the Lenders to the creation or assumption of any Lien other than as permitted by the foregoing provisions of this Section 8.2