Common use of Parallel Modifications to Second Lien Obligations Clause in Contracts

Parallel Modifications to Second Lien Obligations. If a First Lien Nexstar Claimholder or First Lien Mission Claimholder and a Grantor modify a First Lien Nexstar Collateral Document or First Lien Mission Collateral Document, respectively, the modification will apply automatically to any comparable provision of a Second Lien Collateral Document in which the Grantor grants a Lien on the same Collateral, without the consent of any Second Lien Claimholder and without any action by Second Lien Agent or any Grantor, provided that no such modification will (a) remove or release Second Lien Collateral, except to the extent that (1) the release is permitted or required by this Agreement, or (2) there is a corresponding release of First Lien Nexstar Collateral and First Lien Mission Collateral, or (b) impose duties on Second Lien Agent without its consent.