Common use of Collateral Sharing Clause in Contracts

Collateral Sharing. All Liens granted under each Loan Document (the “Collateral Documents”) shall secure ratably and on a pari passu basis (i) the Obligations in favor of the Agent and the Lenders hereunder and (ii) the Obligations incurred by any of the Loan Parties in favor of any Lender and any Lender’s Affiliates which provides a Lender Provided Interest Rate Hedge or Other Lender Provided Financial Service Product (the “IRH Provider”). The Agent under the Collateral Documents shall be deemed to serve as the collateral agent (the “Collateral Agent”) for the IRH Provider and the Lenders hereunder, provided that the Collateral Agent shall comply with the instructions and directions of the Agent (or the Lenders under this Agreement to the extent that this Agreement or any other Loan Documents empowers the Lenders to direct the Agent), as to all matters relating to the collateral, including the maintenance and disposition thereof. No IRH Provider (except in its capacity as a Lender hereunder) shall be entitled or have the power to direct or instruct the Collateral Agent on any such matters or to control or direct in any manner the maintenance or disposition of the collateral.

Collateral Sharing. All Liens granted under each Loan Document (the “"Collateral Documents”") shall secure ratably and on a pari passu basis (ia) the Obligations in favor of the Agent and the Lenders hereunder hereunder, and (iib) the Obligations incurred by any of the Loan Parties Borrower in favor of any Lender and any Lender’s 's Affiliates which provides a Lender Provided Interest Rate Hedge or Other Lender Provided Financial Service Product (the “"IRH Provider”"). The Agent under the Collateral Documents shall be deemed to serve as the collateral agent (the “"Collateral Agent”") for the IRH Provider and the Lenders hereunder, provided that the Collateral Agent shall comply with the instructions and directions of the Agent (or the Lenders under this Agreement to the extent that this Agreement or any other Loan Documents empowers the Lenders to direct the Agent), as to all matters relating to the collateral, including the maintenance and disposition thereof. No IRH Provider (except in its capacity as a Lender hereunder) shall be entitled or have the power to direct or instruct the Collateral Agent on any such matters or to control or direct in any manner the maintenance or disposition of the collateral.. XXXX 000000x0

Collateral Sharing. All Liens granted under each Loan Document (the “"Collateral Documents”") shall secure ratably and on a pari passu basis (ia) the Obligations in favor of the Agent and the Lenders hereunder hereunder, and (iib) the Obligations incurred by any of the Loan Parties Borrower in favor of any Lender and any Lender’s 's Affiliates which provides a Lender Provided Interest Rate Hedge or Other Lender Provided Financial Service Product (the “"IRH Provider”"). The Agent under the Collateral Documents shall be deemed to serve as the collateral agent (the “"Collateral Agent”") for the IRH Provider and the Lenders hereunder, provided that the Collateral Agent shall comply with the instructions and directions of the Agent (or the Lenders under this Agreement to the extent that this Agreement or any other Loan Documents empowers the Lenders to direct the Agent), as to all matters relating to the collateral, including the maintenance and disposition thereof. No IRH Provider (except in its capacity as a Lender hereunder) shall be entitled or have the power to direct or instruct the Collateral Agent on any such matters or to control or direct in any manner the maintenance or disposition of the collateral.