Common use of Relative Priorities Clause in Contracts

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 7 contracts

Samples: Intercreditor Agreement, Counterpart Agreement (Arizona Chemical Ltd.), Intercreditor Agreement (Day International Group Inc)

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Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens securing the Second Lien Obligations granted on with respect to the Collateral or of any Liens securing the First Lien Obligations granted on with respect to the Collateral and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the Second Lien Loan Debt Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations Obligations, or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, Agent hereby agrees that:

Appears in 3 contracts

Samples: Intercreditor Agreement (Hutchinson Technology Inc), Intercreditor Agreement (Hutchinson Technology Inc), Intercreditor Agreement (Hutchinson Technology Inc)

Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens on Collateral securing the Obligations under the First Lien Obligations (“First Priority Liens”) or any Liens on Collateral that secure the Notes and the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral (“Second Priority Liens”), and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the First Lien Documents or the Second Lien Loan Documents or any defect or deficiencies inDocuments, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself Agent and the Second First Lien Claimholders, Agent hereby agrees agree that:

Appears in 2 contracts

Samples: Intercreditor Agreement (Interface Security Systems, L.L.C.), Intercreditor Agreement (Interface Security Systems Holdings Inc)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Intercreditor Agreement (Bz Intermediate Holdings LLC)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Shared Collateral or of any Liens securing the First Lien Obligations granted on the Shared Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfectperfect or lapse in perfection of, or avoidance as a fraudulent conveyance or otherwise of, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the each Second Lien Collateral AgentAgent and the Company, in each case, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Intercreditor Agreement

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoeverDocuments, the Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Intercreditor Agreement (Rite Aid Corp)

Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens securing the Second Lien Obligations granted on with respect to the Collateral or of any Liens securing the First Lien Obligations granted on with respect to the Collateral and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the First Lien Documents or the Second Lien Loan Documents or any defect or deficiencies inDocuments, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself Trustee and the Second First Lien Claimholders, Lender hereby agrees agree that:

Appears in 1 contract

Samples: Intercreditor Agreement (Platinum Energy Solutions, Inc.)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Parity Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Parity Lien Loan Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Parity Lien Collateral Agent, on behalf of itself and the Second Parity Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Intercreditor Agreement (Danielson Holding Corp)

Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens securing the Second Lien Obligations granted on with respect to the Collateral or of any Liens securing the First Lien Obligations granted on with respect to the Collateral and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the First Lien Documents or the Second Lien Loan Documents or any defect or deficiencies inDocuments, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself Trustee and the Second First Lien Claimholders, Agent hereby agrees agree that:

Appears in 1 contract

Samples: Intercreditor Agreement (Saratoga Resources Inc /Tx)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the any Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfectperfect or lapse in perfection of, or avoidance as a fraudulent conveyance or otherwise of, the Liens securing the First Second Lien Obligations or any other circumstance whatsoever, the each Second Lien Collateral Agent, on behalf of itself and the applicable Second Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Junior Intercreditor Agreement (Cit Group Inc)

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Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral Collateral, and notwithstanding any provision of the UCC, UCC or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, in or failure to perfect, perfect the Liens securing the First Lien Obligations or any other circumstance whatsoever, the each Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, hereby Claimholder agrees that:

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (CareView Communications Inc)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral AgentTrustee, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Intercreditor Agreement (Protection One Alarm Monitoring Inc)

Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens securing the Second Lien Obligations granted on with respect to the Collateral or of any Liens securing the First Lien Obligations granted on with respect to the Collateral and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the Second First Lien Loan Documents or any defect or deficiencies inthe Second Lien Documents, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself Trustee and the Second First Lien Claimholders, Agent hereby agrees agree that:

Appears in 1 contract

Samples: Intercreditor Agreement (Saratoga Resources Inc /Tx)

Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Second Lien Obligations granted on the Collateral or of any Liens securing the First Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, or any other applicable law or the Second Lien Loan Documents or any defect or deficiencies in, or failure to perfectperfect or lapse in perfection of, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, hereby agrees that:

Appears in 1 contract

Samples: Intercreditor Agreement (Butler International Inc /Md/)

Relative Priorities. Notwithstanding the date, time, method, manner manner, or order of grant, attachment attachment, or perfection of any Liens securing the Second Lien Obligations granted on with respect to the Collateral or of any Liens securing the First Lien Obligations granted on with respect to the Collateral and notwithstanding any contrary provision of the UCC, UCC or any other applicable law or the First Lien Documents or the Second Lien Loan Documents or any defect or deficiencies inDocuments, or failure to perfect, the Liens securing the First Lien Obligations or any other circumstance whatsoever, the Second Lien Collateral Agent, on behalf of itself Agent and the Second First Lien Claimholders, Agent hereby agrees agree that:

Appears in 1 contract

Samples: Intercreditor Agreement (Starboard Resources, Inc.)

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