Common use of Collateral Shared Equally and Ratably within Class Clause in Contracts

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (GXS Investments, Inc.)

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Collateral Shared Equally and Ratably within Class. The parties to this Agreement hereto agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will shall be secured, subject to secured Equally and Ratably by each of the distribution provisions herein relating to Priority Liens, equally and ratably by the Liens security interests established in favor of the Priority Collateral Trustee for and the benefit of the Secured Parties Parity Collateral Trustee belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.4 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.3 hereof.

Appears in 1 contract

Samples: Collateral Trust Agreement (NRG Energy, Inc.)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such ClassClass (except with respect to Non-Shared Collateral). It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (Belden & Blake Corp /Oh/)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement Parties agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor favour of the Collateral Trustee Agent for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (Banro Corp)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Parity Lien Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.7 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.

Appears in 1 contract

Samples: Intercreditor Agreement (MagnaChip Semiconductor LTD (United Kingdom))

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.7 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Advanced Audio Concepts, LTD)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class notwithstanding the time of incurrence of any Secured Obligations within such Class or time or method of creation or perfection of any Liens securing such Secured Obligations within such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

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Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class, notwithstanding the time of incurrence of any Secured Obligations within such Class or time or method of creation or perfection of any Liens securing such Secured Obligations within such Class. It is understood and agreed that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (Carmike Cinemas Inc)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, equally secured Equally and ratably Ratably by the Liens established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.10 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.32.4.

Appears in 1 contract

Samples: Collateral Trust Agreement (Cheniere Energy Inc)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens security interests established in favor of the Collateral Trustee for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 2.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3.

Appears in 1 contract

Samples: Collateral Trust Agreement (Midwest Generation LLC)

Collateral Shared Equally and Ratably within Class. The parties to this Agreement agree that the payment and satisfaction of all of the Secured Debt Obligations within each Class will be secured, subject to the distribution provisions herein relating to Priority Liens, secured equally and ratably by the Liens established in favor of the Priority Lien Collateral Trustee Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties belonging to such Class. It is understood and agreed that nothing in this Section 2.9 3.5 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.33.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Interdent Inc)

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