Common use of Equitable Lien in Favor of Lenders Clause in Contracts

Equitable Lien in Favor of Lenders. If any Principal Company or any of its Subsidiaries will create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions of Section 10.2(a), it will make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness or Contingent Obligations secured thereby as long as any such Indebtedness or Contingent Obligations shall be so secured; provided that, notwithstanding the foregoing, this covenant will not be construed as a consent by the Required Lenders to the creation or assumption of any such Lien not permitted by the provisions of Section 10.2(a).

Equitable Lien in Favor of Lenders. If any Principal the Company or any of its Subsidiaries will create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens permitted excepted by the provisions of Section 10.2(a), it will make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness or Contingent Obligations secured thereby as long as any such Indebtedness or Contingent Obligations shall be so secured; provided that, notwithstanding the foregoing, this covenant will not be construed as a consent by the Required Lenders to the creation or assumption of any such Lien not permitted by the provisions of Section 10.2(a).

Equitable Lien in Favor of Lenders. If any Principal Company or any of its Subsidiaries will shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens permitted excepted by the provisions of Section 10.2(a)subsection 6.2A or otherwise consented to by Requisite Lenders, it will shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness or Contingent Obligations secured thereby as long as any such Indebtedness or Contingent Obligations shall be so secured; provided PROVIDED that, notwithstanding the foregoing, this covenant will shall not be construed as a consent by the Required Requisite Lenders to the creation or assumption of any such Lien not permitted by the provisions of Section 10.2(a).subsection 6.2A.