Judgment Creditors. In the event that any Subordinated Creditor becomes a judgment lien creditor in respect of Senior Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Senior Liens and the Senior Obligations) to the same extent as all other Liens securing the Subordinated Obligations subject to the terms of this Agreement.
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Samples: Subordination and Intercreditor Agreement (Hollywood Media Corp), Subordination and Intercreditor Agreement (Hollywood Media Corp)
Judgment Creditors. In the event that any Subordinated Creditor becomes a judgment lien creditor in respect of Senior Common Collateral as a result of its enforcement of its rights as an unsecured creditorcreditor with respect to the Subordinated Obligations prior to the Senior Obligations Repayment Date, such judgment lien shall be subject to the terms of this Agreement for all purposes with respect to the Subordinated Obligations (including in relation to the Senior Liens and the Senior Obligations) to the same extent as all other Liens securing the Subordinated Obligations subject to the terms of this Agreement.
Appears in 2 contracts
Samples: Patent Security Agreement (Virgin Mobile USA, Inc.), Guarantee and Collateral Agreement (Virgin Mobile USA, Inc.)
Judgment Creditors. In the event that any Subordinated Creditor becomes a judgment lien creditor in respect of Senior Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Senior Liens and the Senior Obligations) to the same extent as all other Liens securing the Subordinated Obligations subject to the terms of this Agreement.
Appears in 1 contract
Judgment Creditors. In the event that any Subordinated the Subordinate Creditor becomes a judgment lien creditor in respect of Senior Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Senior Liens and the Senior Obligations) to the same extent as all other Liens securing the Subordinated Subordinate Obligations are subject to the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Encore Energy Partners LP)
