Common use of Collateral Security Clause in Contracts

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents either in its own name or as Collateral Agent, but each Lender shall hold a direct, undivided pro rata beneficial interest therein, on the basis of its proportionate interest in the secured obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 of the Pledge and Security Agreement and subject to the terms of any applicable intercreditor agreement.

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents hereunder either in its own name or as Collateral Agent, but each Lender and each Fronting Bank shall hold a direct, undivided pro rata beneficial interest therein, on the basis of its proportionate interest in the secured obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 6.5 of the Pledge Guarantee and Security Collateral Agreement and subject to the terms of any applicable intercreditor agreementthe Collateral Agency and Intercreditor Agreement.

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents hereunder either in its own name or as Collateral Agent, but each Lender shall hold a direct, undivided pro pro-rata beneficial interest therein, on the basis of its proportionate interest in the secured obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 6.5 of the Pledge Guarantee and Security Collateral Agreement and subject to the terms of any applicable intercreditor agreementthe Collateral Agency and Intercreditor Agreement.

Collateral Security. The Other than during a Guarantee and Collateral Suspension Period, the Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents Guarantee and Collateral Agreement either in its own name or as Collateral Agent, but each Lender shall hold a direct, undivided pro rata beneficial interest therein, on the basis of its proportionate interest in the secured obligationsSecured Obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 6.4 of the Pledge Guarantee and Security Agreement and subject to the terms of any applicable intercreditor agreementCollateral Agreement.

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents Guarantee and Collateral Agreement either in its own name or as Collateral Agent, but each Lender shall hold a direct, undivided pro rata beneficial interest therein, on the basis of its proportionate interest in the secured obligationsSecured Obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 6.4 of the Pledge Guarantee and Security Agreement and subject to the terms of any applicable intercreditor agreementCollateral Agreement.

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents hereunder either in its own name or as Collateral Agent, but each Lender shall hold a direct, undivided pro pro-rata beneficial interest therein, on the basis of its proportionate interest in the secured obligations, by reason of and as evidenced by this Agreement and the other Loan Documents, subject to the priority of payments referenced in Section 7.2 15(g) of the Security and Pledge and Security Agreement and subject to the terms of any applicable intercreditor agreementAgreement.

Collateral Security. The Collateral Agent will hold, administer and manage any Collateral pledged from time to time under the Security Documents hereunder either in its own name or as Collateral Agent, but each Lender Secured Party shall hold a direct, undivided pro pro-rata beneficial interest therein, on the basis of its proportionate interest in the secured obligations, by reason of and as evidenced by this Agreement Agreement, the Collateral Security Documents and the other Loan Documents, subject Operative Agreements with respect to the priority of payments referenced in Section 7.2 of the Pledge and Security Agreement and subject to the terms of any applicable intercreditor agreementLease Financing Facility.