Common use of Acknowledgement of Liens Clause in Contracts

Acknowledgement of Liens. The Subordinated Agent, for and on behalf of itself and the Subordinated Xxxxxxx, acknowledges and agrees that the Senior Agent, for the benefit of itself and the other Secured Parties, has been granted Liens upon all of the Collateral in which the Subordinated Agent has been granted Xxxxx and the Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, hereby consents thereto. The Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, agrees that neither it nor any Subordinated Lender shall obtain a Lien on any asset or Collateral to secure all or any portion of the Subordinated Obligations unless concurrently therewith, the Senior Agent obtains a Lien on such asset or Collateral and the parties hereby agree that all such Liens are and will be subject to this Subordination Agreement. The subordination of Xxxxx and claims by the Subordinated Agent and the Subordinated Lenders in favor of the Senior Agent and the Senior

Acknowledgement of Liens. The Subordinated Agent, for and on behalf of itself and the Subordinated Xxxxxxx, acknowledges and agrees that the Senior Agent, for the benefit of itself and the other Secured Parties, has been granted Liens upon all of the Collateral in which the Subordinated Agent has been granted Xxxxx and the Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, hereby consents thereto. The Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, agrees that neither it nor any Subordinated Lender shall obtain a Lien on any asset or Collateral to secure all or any portion of the Subordinated Obligations unless concurrently therewith, the Senior Agent obtains a Lien on such asset or Collateral and the parties hereby agree that all such Liens are and will be subject to this Subordination Agreement. The subordination of Xxxxx Liens and claims by the Subordinated Agent and the Subordinated Lenders in favor of the Senior Agent and the SeniorSenior Lenders shall not be deemed to subordinate the Subordinated Agent's Liens or claims to the Liens or claims of any other Person that is not a holder of Senior Indebtedness. g.

Acknowledgement of Liens. The Subordinated Agent, for and on behalf of itself and the Subordinated Xxxxxxx, acknowledges and agrees that the Senior Agent, for the benefit of itself and the other Secured Parties, has been granted Liens upon all of the Collateral in which the Subordinated Agent has been granted Xxxxx and the Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, hereby consents thereto. The Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, agrees that neither it nor any Subordinated Lender shall obtain a Lien on any asset or Collateral to secure all or any portion of the Subordinated Obligations unless concurrently therewith, the Senior Agent obtains a Lien on such asset or Collateral and the parties hereby agree that all such Liens are and will be subject to this Subordination Agreement. The subordination of Xxxxx Liens and claims by the Subordinated Agent and the Subordinated Lenders in favor of the Senior Agent and the SeniorSenior Lenders shall not be deemed to subordinate the Subordinated Agent’s Liens or claims to the Liens or claims of any other Person that is not a holder of Senior Indebtedness.

Acknowledgement of Liens. The Each Subordinated Agent, for and on behalf of itself and the Subordinated Xxxxxxx, acknowledges and agrees that the Senior Agent, for the benefit of itself and the other Secured Parties, has been granted Liens upon all of the Collateral in which the such Subordinated Agent has been granted Xxxxx Liens and the such Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, hereby consents thereto. The Each Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, agrees that neither it nor any Subordinated Lender shall obtain a Lien on any asset or Collateral to secure all or any portion of the Subordinated Obligations unless concurrently therewith, the Senior Agent obtains a Lien on such asset or Collateral and the parties hereby agree that all such Liens are and will be subject to this Subordination Agreement. The subordination of Xxxxx Liens and claims by the such Subordinated Agent and the Subordinated Lenders in favor of the Senior Agent and the SeniorSenior Lenders shall not be deemed to subordinate such Subordinated Agent’s Liens or claims to the Liens or claims of any other Person that is not a holder of Senior Indebtedness. g.