Ranking of Liens. (a) Notwithstanding:
Ranking of Liens. Notwithstanding (a) anything to the contrary contained in the Security Documents; (b) the time of incurrence of any series of Pari Passu Indebtedness; (c) the order or method of attachment or perfection of any Liens securing any series of Pari Passu Indebtedness; (d) the time or order of filing or recording of financing statements or other documents filed or recorded to perfect any Lien with Pari Passu Lien Priority upon any Collateral; (e) the time of taking possession or control over any Collateral; (f) that any Lien with Pari Passu Lien Priority may not have been perfected or may be or have become subordinated, by equitable subordination or otherwise, to any other Lien; or (g) the rules for determining priority under any law governing relative priorities of Liens, all Liens with Pari Passu Lien Priority granted at any time by the Issuer or any Guarantor, whether or not upon property otherwise constituting Notes Collateral, shall secure, equally and ratably, all present and future Pari Passu Indebtedness, and all such Liens with Pari Passu Lien Priority shall be enforceable by the Collateral Trustee for the benefit of all holders of Pari Passu Indebtedness equally and ratably. The provisions in this Section 11.02 are intended for the benefit of, and shall be enforceable as a third-party beneficiary by, each present and future holder of Pari Passu Indebtedness, each present and future Pari Passu Lien Representative and the Collateral Trustee as a holder of Liens with Pari Passu Lien Priority. The Pari Passu Lien Representative of each future series of Pari Passu Indebtedness shall be required to deliver a Lien Sharing and Priority Confirmation to the Collateral Trustee and each other Pari Passu Lien Representative at the time of incurrence of such series of Pari Passu Indebtedness. No assets or property of the Issuer or any Restricted Subsidiary shall be pledged to secure any Pari Passu Indebtedness without securing the Notes, the Indenture and the Guarantees. The Trustee, on behalf of itself and the Holders, hereby agrees, for the enforceable benefit of all holders of each existing and future series of Pari Passu Indebtedness and each other existing and future Pari Passu Lien Representative that:
Ranking of Liens. The Intercreditor Agreements define the relative rights, as lienholders, of holders of First Lien Obligations. Nothing in this Indenture or the Intercreditor Agreements will:
Ranking of Liens. Notwithstanding: (a) anything to the contrary contained in the Security Documents; (b) the time of incurrence of any Series of Secured Debt; (c) the order or method of attachment or perfection of any Liens securing any Series of Secured Debt; (d) the time or order of filing or recording of financing statements, mortgages or other documents filed or recorded to perfect any Lien upon any Collateral; (e) the time of taking possession or control over any Collateral or (f) the rules for determining priority under any law governing relative priorities of Liens, all Liens at any time granted by the Company or any other Obligor to secure any of the Parity Lien Debt shall be subject and subordinate to Priority Liens securing Priority Lien Obligations up to the Priority Lien Cap. The foregoing provision is intended for the benefit of, and shall be enforceable as a third party beneficiary by, each present and future holder of Priority Lien Obligations, each present and future Priority Debt Representative and the Collateral Agent as holder of Priority Liens. No other Person shall be entitled to rely on, have the benefit of or enforce this provision. In addition, the foregoing provision is intended solely to set forth the relative ranking, as Liens, of the Liens securing Parity Lien Debt as against the Priority Liens. Neither the Notes nor the Term Loans nor any other Parity Lien Obligations nor the exercise or enforcement of any right or remedy for the payment or collection thereof are intended to be, or shall ever be by reason of the foregoing provision, in any respect subordinated, deferred, postponed, restricted or prejudiced.
Ranking of Liens. Section 11.01. Agreement for the Benefit of Holders of First-Priority Liens 68 Section 11.02. Notes, Guarantees and Other Second-Priority Lien Obligations Not Subordinated 69 Table of Contents Section 11.03 Relative Rights 69 ARTICLE 12 COLLATERAL AND SECURITY Section 12.01. Collateral Agreements 70 Section 12.02. Noteholder Collateral Agent 70 Section 12.03 Collateral Proceeds Account 71 Section 12.04. Authorization of Actions To Be Taken 71 Section 12.05. Release Of Liens 72 Section 12.06. Filing, Recording And Opinions 73 ARTICLE 13 MISCELLANEOUS Section 13.01. Trust Indenture Act of 1939 74 Section 13.02. Noteholder Communications; Noteholder Actions 74 Section 13.03 Notices 74 Section 13.04. Certificate And Opinion As To Conditions Precedent 75 Section 13.05. Statements Required In Certificate or Opinion 75 Section 13.06. Payment Date Other Than A Business Day 75 Section 13.07 Governing Law 76 Section 13.08. No Adverse Interpretation Of Other Agreements 76 Section 13.09. Successors 76 Section 13.10 Duplicate Originals 76 Section 13.11. Separability 76 Section 13.12. Table Of Contents And Headings 76 Section 13.13. No Liability Of Directors, Officers, Employees, Incorporators And Stockholders 76 EXHIBITS EXHIBIT A Form of Note EXHIBIT B Form of Supplemental Indenture EXHIBIT C Restricted Legend EXHIBIT D DTC Legend EXHIBIT E Regulation Certificate EXHIBIT F Rule 144A Certificate EXHIBIT G Institutional Accredited Investor Certificate EXHIBIT H Certificate of Beneficial Ownership EXHIBIT I Temporary Offshore Global Note Legend EXHIBIT J Form of Intercreditor Agreement EXHIBIT K Form of Collateral Trust Agreement iv Table of Contents INDENTURE, dated as of June 4, 2013, among Century Aluminum Company, a Delaware corporation, as the Company, the Guarantors party hereto and Wilmington Trust, National Association, a national banking association, as Trustee and Noteholder Collateral Agent.
Ranking of Liens. Section 1401. Agreement for the Benefit of Holders of First Priority Liens. The Trustee and the Collateral Agent agree, and each Holder of Securities by accepting a Security agrees, that:
Ranking of Liens. Section 11.01. Agreement for the Benefit of Holders of First-Priority Liens 90 Section 11.02. Notes, Guarantees and Other Second-Priority Lien Obligations Not Subordinated 90 Section 11.03. Relative Rights 90 ARTICLE 12 COLLATERAL AND SECURITY Section 12.01. Collateral Agreements 92 Section 12.02. Noteholder Collateral Agent 92 Section 12.03. Collateral Proceeds Account 93 Section 12.04. Authorization Of Actions To Be Taken 93 Section 12.05. Release Of Liens 94 Section 12.06. Filing, Recording And Opinions 96
Ranking of Liens. Notwithstanding anything to the contrary contained in the Security Documents, the time of incurrence of any Secured Obligation, the order or method of attachment or perfection of any Lien securing any Secured Obligation, the time or order of filing or recording of financing statements, mortgages or other documents filed or recorded to perfect any Lien securing any Secured Obligations, the time of taking possession or control over any Collateral or the rules for determining priority under any law governing relative priorities of Liens:
Ranking of Liens. Section 10.01. Agreement for the Benefit of Holders of First-Priority Liens 90 Section 10.02. Notes, Guarantees and Other Second-Priority Lien Obligations not Subordinated 91 Section 10.03. Relative Rights 92 ARTICLE 11
Ranking of Liens
