Common use of Limitation on Collateral Clause in Contracts

Limitation on Collateral. Notwithstanding anything to the contrary in this Agreement or any other Fund Document, from and after the Effective Date, the First Priority Collateral shall solely secure the Secured Obligations and all other Obligations shall constitute unsecured obligations of the Obligors.

Appears in 2 contracts

Sources: Contribution Deferral Agreement, Contribution Deferral Agreement (YRC Worldwide Inc.)