Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 36 contracts

Samples: Credit Agreement (Samson Holdings, Inc.), Assignment and Assumption (Liberty Global PLC), Intercreditor Agreement (Endurance International Group Holdings, Inc.)

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Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 30 contracts

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Intercreditor Agreement (Modtech Holdings Inc), Intercreditor Agreement (Prospect Medical Holdings Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 23 contracts

Samples: Revolving Credit Agreement (Neiman Marcus Group LTD LLC), Intercreditor Agreement (Cotiviti Holdings, Inc.), Intercreditor Agreement

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 22 contracts

Samples: Security Agreement (Trinseo S.A.), Credit Agreement (Patheon Inc), Agreement and Security Agreement (Bloomin' Brands, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 13 contracts

Samples: Intercreditor Agreement (Atp Oil & Gas Corp), Security Agreement (Emdeon Inc.), Intercreditor Agreement (Revel Entertainment Group, LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 11 contracts

Samples: Intercreditor Agreement (STR Holdings (New) LLC), Intercreditor Agreement (Hawkeye Holdings, Inc.), Intercreditor Agreement (STR Holdings LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Junior Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Junior Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 10 contracts

Samples: Credit Agreement (Sra International Inc), Credit Agreement (Wyndham Destinations, Inc.), Credit Agreement (Wyndham Destinations, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor secured by Liens upon any property of the such reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First-Lien Obligations and the Second Priority Debt Junior-Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First-Lien Obligations and on account of the Second Priority Debt Junior-Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 7 contracts

Samples: Intercreditor Agreement (Sabre Corp), Intercreditor Agreement (Sabre Corp), Indenture (Sabre Corp)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Junior Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Junior Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 6 contracts

Samples: Assignment and Assumption (Vine Resources Inc.), Junior Lien Intercreditor Agreement (American Renal Associates Holdings, Inc.), Assignment and Assumption (Vine Resources Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, plan (the “Reorganization Securities”) on account of both the Senior Lien Obligations and the Second Priority Debt Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 6 contracts

Samples: Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.), Credit Agreement (Herbalife Nutrition Ltd.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations Lender Claims and the Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 6 contracts

Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a proposal or plan of compromise, arrangement or reorganization or similar dispositive restructuring planwhose effective date is after the date hereof, on account of both the Senior Obligations First Lien Debt and the any Second Priority Debt ObligationsLien Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations First Lien Debt and on account of the Second Priority Lien Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Intercreditor Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 6 contracts

Samples: Intercreditor Agreement (Total Plastics, Inc.), Intercreditor Agreement (Total Plastics, Inc.), Intercreditor Agreement (Total Plastics, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior Prior Lien Obligations and the Second Priority Debt on account of Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Prior Lien Obligations and on account of the Second Priority Debt Subordinated Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 6 contracts

Samples: Intercreditor Agreement (Key Energy Services Inc), Intercreditor Agreement (Capella Healthcare, Inc.), Intercreditor Agreement

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 5 contracts

Samples: First/Second Lien Intercreditor Agreement (TransFirst Inc.), Intercreditor Agreement (Triple Crown Media, Inc.), Intercreditor Agreement

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan Plan of reorganization Reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 5 contracts

Samples: Second Lien Intercreditor Agreement (ADT, Inc.), Credit Agreement (Talos Energy Inc.), Second Lien Intercreditor Agreement (ADT, Inc.)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan Plan of reorganization or similar dispositive restructuring planReorganization, on account of both the Senior Obligations and the Second Junior Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Junior Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 5 contracts

Samples: Credit Agreement (Transfirst Holdings Corp.), Credit Agreement (Transfirst Holdings Corp.), Junior Lien Intercreditor Agreement (Energy Future Competitive Holdings Co LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon on any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or a similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations, then, then to the extent that the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Intercreditor Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations First Priority Claims and the Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations and First Priority Claims, on account of the Second Priority Debt Obligations Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Intercreditor Agreement (Forbes Energy Services Ltd.), Intercreditor Agreement (Gastar Exploration LTD), Intercreditor Agreement (Forbes Energy Services LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, all on account of both the Senior First Priority Obligations and the on account of Second Priority Debt Obligations, Obligations then, to the extent the debt obligations distributed on account of the Senior First Priority Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the Second Priority Debt Obligationson account of Noteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Noteholder Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Intercreditor Agreement (Hovnanian Enterprises Inc), Intercreditor Agreement (Century California, LLC), Supplemental Indenture (Century Aluminum Co)

Reorganization Securities. If, in any Liquidation or Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the Second Priority Debt Obligationson account of Noteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Noteholder Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Credit Agreement (Golfsmith International Holdings Inc), Intercreditor Agreement (Telex Communications Intermediate Holdings LLC), Intercreditor Agreement (Telex Communications International LTD)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Priority Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: First Lien Credit Agreement (Grocery Outlet Holding Corp.), Intercompany Loan Agreement (Grocery Outlet Holding Corp.), Junior Priority Intercreditor Agreement (Snap One Holdings Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring planreorganization, on account of both the Senior ABL Obligations and the Second Priority Debt Term Loan/Notes Obligations, then, to the extent that the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Loan/Notes Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Abl Credit Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Credit Agreement (Sundance Energy Australia LTD), Intercreditor Agreement (Callon Petroleum Co), Credit Agreement (Sundance Energy Australia LTD)

Reorganization Securities. If, in any Liquidation or Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the Second Priority Debt Obligationson account of Noteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Noteholder Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 4 contracts

Samples: Intercreditor Agreement (Advanstar Communications Inc), Intercreditor Agreement (Mens Apparel Guild in California Inc), Intercreditor Agreement (Mueller Group, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the Second Priority Debt on account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: General Intercreditor Agreement (Building Materials Manufacturing Corp), General Intercreditor Agreement (Marietta Surgical Center, Inc.), Intercreditor Agreement (Reddy Ice Holdings Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the Second Priority Debt Obligationson account of Parity Lien Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Parity Lien Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Century Aluminum Co), Intercreditor Agreement (Century Aluminum Co), Collateral Agency Agreement (Century Aluminum Co)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Priority Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Security Agreement (SolarWinds Corp), First Lien (GMS Inc.), First Lien Credit Agreement (SolarWinds Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property Property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or propertyProperty, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Credit Agreement (Atlas Resource Partners, L.P.), Credit Agreement (Titan Energy, LLC), Credit Agreement (Titan Energy, LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second Priority Debt on account of Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Option Care Health, Inc.), Intercreditor Agreement (Option Care Health, Inc.), Intercreditor Agreement (Option Care Health, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring planreorganization, on account of both the Senior Obligations and the Second Senior-Priority Debt Obligationsand/or the Junior-Priority Debt, then, to the extent that the debt obligations distributed on account of the Senior Obligations and Senior-Priority Debt and/or on account of the Second Junior-Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Community Health Systems Inc), Intercreditor Agreement (Community Health Systems Inc), Intercreditor Agreement (Community Health Systems Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property the assets of the reorganized debtor Grantors constituting Collateral are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, plan or arrangement on account of both the Senior Priority Obligations and the Second Junior Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and on account of the Second Junior Priority Debt Obligations are secured by Liens upon the same assets or propertyproperty constituting Collateral, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Cenveo, Inc), Intercreditor Agreement (Cenveo, Inc), Intercreditor Agreement (Cenveo, Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior Lien Obligations and the Second Priority Debt on account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Centrus Energy Corp), Subordination and Intercreditor Agreement (Centrus Energy Corp), Security Agreement (United States Enrichment Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior First Priority Obligations and the on account of Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior First Priority Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 3 contracts

Samples: Intercreditor Agreement (Stonemor Inc.), Intercreditor Agreement (Stonemor Inc.), Intercreditor Agreement (GOOD TECHNOLOGY Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan Plan of reorganization Reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the on account of Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Eldorado Gold Corp /Fi), Intercreditor Agreement (Eldorado Gold Corp /Fi)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second Priority Debt on account of Noteholder Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Noteholder Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (New Enterprise Stone & Lime Co., Inc.), Intercreditor Agreement (New Enterprise Stone & Lime Co., Inc.)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or propertyassets, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Security Agreement (OUTFRONT Media Inc.), Credit Agreement (Outfront Media Minnesota LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Term Obligations and the Second Priority Debt on account of ABL Obligations, then, to the extent the debt obligations distributed on account of the Senior Term Obligations and on account of the Second Priority Debt ABL Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Dole Food Co Inc), Intercreditor Agreement (Dole Food Co Inc)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan Plan of reorganization or similar dispositive restructuring planReorganization, on account of both the Senior ABL Obligations and the Second Term Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Term Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Abl Security Agreement (Avaya Holdings Corp.), Intercreditor Agreement (Avaya Holdings Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second Priority Debt on account of Term Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Dole Food Co Inc), Intercreditor Agreement (Dole Food Co Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or propertyassets, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Continuing Covenant Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second on account of Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Abl Notes Intercreditor Agreement (Unisys Corp), Intercreditor Agreement (Unisys Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt Debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Debt obligations so distributed, to the Liens securing such debt obligationsDebt obligations and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement (AgileThought, Inc.), Subordination and Intercreditor Agreement (AgileThought, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Indebtedness and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations Indebtedness and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Forest Oil Corp), Intercreditor Agreement (Starboard Resources, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Credit Obligations and the Second Priority on account of Secured Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Credit Obligations and on account of the Second Priority Secured Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (NewPage Holding CORP), Intercreditor Agreement (NewPage Energy Services LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the on account of Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Sampson Simulator, LLC), Notes Intercreditor Agreement (TAMINCO ACQUISITION Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the Second Priority Debt on account of Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Subordinated Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: First and Subordinated Lien Intercreditor Agreement (CVR Energy Inc), First and Subordinated Lien Intercreditor Agreement (CVR Energy Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior Credit Agreement Obligations and the Second Priority Debt on account of Pari Tranche Obligations, then, to the extent the debt obligations distributed on account of the Senior Credit Agreement Obligations and on account of the Second Priority Debt Pari Tranche Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (KAR Auction Services, Inc.), Credit Agreement (KAR Auction Services, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Credit Obligations and the Second Priority Debt on account of Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Credit Obligations and on account of the Second Priority Debt Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Novelis Inc.), Intercreditor Agreement (Solutia Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (SafeNet Holding Corp), Intercreditor Agreement (SafeNet Holding Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both each of the Senior First Lien Obligations and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Penn Virginia Corp), Intercreditor Agreement (U.S. Well Services, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations, and the distribution of proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (Viasystems Inc), Intercreditor Agreement (Viasystems Group Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor secured by Liens upon any property of the such reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Energy Future Intermediate Holding CO LLC), Intercreditor Agreement (Energy Future Intermediate Holding CO LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Bankruptcy Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Facility Obligations and the Second Priority Debt on account of Incremental Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Facility Obligations and on account of the Second Priority Debt Incremental Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Credit Agreement (Neiman Marcus, Inc.), Credit Agreement (Neiman Marcus, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Term Loan Obligations and the Second Priority Debt ABL Facility Obligations, then, to the extent the debt obligations distributed on account of the Senior Term Loan Obligations and on account of the Second Priority Debt or such ABL Facility Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Credit Agreement (Jill Intermediate LLC), Security Agreement (Jill Intermediate LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations and the Second Priority Debt Indenture Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Indenture Obligations are secured by Liens upon some of the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Sterling Chemicals Inc), Intercreditor Agreement (Aventine Renewable Energy Holdings Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both each of the Senior Obligations First Lien Obligations, and the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the First Lien Obligations, or such Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 2 contracts

Samples: Intercreditor Agreement (Post Holdings, Inc.), Intercreditor Agreement (Post Holdings, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations First Lien Indebtedness and the Second Priority Debt ObligationsLien Indebtedness, then, to the extent the debt obligations distributed on account of the Senior Obligations First Lien Indebtedness and on account of the Second Priority Debt Obligations Lien Indebtedness are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (ABC Funding, Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations First Priority Claims and the Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations First Priority Claims and on account of the Second Priority Debt Obligations Claims are secured by Liens upon on the same assets or propertyassets, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Gastar Exploration LTD)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Priority Lien Obligations and the Second Priority on account of Secured Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Lien Obligations and on account of the Second Priority Secured Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Collateral Trust Agreement (Leap Wireless International Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Second Priority Debt Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement

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Reorganization Securities. If, in any Insolvency Proceeding involving a Borrower or Liquidation Proceedinga Guarantor, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second Priority Debt on account of Term Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (JOANN Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan Plan of reorganization Reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the Second Priority Debt on account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: First Lien Credit Agreement (Aleris Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a proposal or plan of reorganization compromise, arrangement or similar dispositive restructuring planreorganization, on account of both the Senior Obligations First Lien Debt and the Second Priority Debt Obligationsany Junior Lien Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations First Lien Debt and on account of the Second Priority Junior Lien Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Intercreditor Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Castle a M & Co)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property Property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Revolving Facility Obligations and the Second Priority Debt Term Facility Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Facility Obligations and on account of the Second Priority Debt Term Facility Obligations are secured by Liens upon the same assets or propertyProperty, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy, L.P.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both any two or more of the Senior Term Loan Obligations and the Second Priority Debt ABL Obligations, then, to the extent the debt obligations distributed on account of the Senior Term Loan Obligations and on account of the Second Priority Debt or such ABL Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Brass & Copper Holdings, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Priority Notes Obligations and the on account of Second Priority Debt Notes Obligations, then, to the extent the debt obligations distributed on account of the Senior First Priority Notes Obligations and on account of the Second Priority Debt Notes Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Endeavour International Corp)

Reorganization Securities. If, in any Liquidation or Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the on account of Second Priority Debt ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Worldspan Ijet Holdings LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan Plan of reorganization or similar dispositive restructuring plan, Reorganization on account of both the Senior Obligations and the Second Priority Debt ObligationsConvertible Notes Claims and/or Junior Bridge Notes Claims, then, to the extent of the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations Convertible Notes Claims and/or Junior Bridge Notes Claims are secured by Liens upon all or any part of the same assets or propertyCommon Collateral, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Nuburu, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior Lien Obligations and the Second Priority Debt on account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations obligations‌ pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of both the Senior Parity Lien Obligations and the Second Priority Debt on account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Parity Lien Obligations and on account of the Second Priority Debt Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Urban One, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior First Lien Obligations, Second Lien Obligations and the Second Priority Debt Third Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations, Second Lien Obligations and on account of the Second Priority Debt Third Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Mohegan Tribal Gaming Authority)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the ABL Priority Collateral of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior ABL Obligations and the Second Priority on account of Pari Term Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Pari Term Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Albertsons Companies, Inc.)

Reorganization Securities. If, in any an Insolvency or Liquidation Proceeding, debt obligations Obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations Obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations Obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligationsObligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Athenex, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations Lender Claims and the Second Priority Debt ObligationsNoteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Second Priority Debt Obligations Noteholder Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Indalex Holding Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, on account of both the Senior ABL Obligations and the Second Priority Debt Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Basic Energy Services Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan Plan of reorganization Reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Obligations and the Second Priority Debt on account of other First Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Obligations and on account of the Second Priority Debt other First Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: First Lien Intercreditor Agreement (Revel Entertainment Group, LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Credit Obligations and the Second Priority Debt on account of Note Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Credit Obligations and on account of the Second Priority Debt Note Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (CitiSteel PA, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation ProceedingProceeding with respect to any Grantor, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Eastman Kodak Co)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior ABL Obligations and the Second Priority Debt Term Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Interline Brands, Inc./De)

Reorganization Securities. If, in any Insolvency or Liquidation ProceedingProceeding with respect to Holdings, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Credit Obligations and the Second Priority Debt on account of Note Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Credit Obligations and on account of the Second Priority Debt Note Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Claymont Steel Holdings, Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations Obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring planreorganization, on account of both the Senior Obligations and First Lien Debt and/or the Second Priority Debt ObligationsPari Passu Lien Debt, then, to the extent that the debt obligations Obligations distributed on account of the Senior Obligations and First Lien Debt and/or on account of the Second Priority Pari Passu Lien Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations Obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligationsObligations.

Appears in 1 contract

Samples: Indenture (Unisys Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Facility Obligations and the Second Priority Debt on account of Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Facility Obligations and on account of the Second Priority Debt Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Party City Holdco Inc.)

Reorganization Securities. (a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Super Senior Obligations and the Second First Lien Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Super Senior Obligations and on account of the Second First Lien Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive (or be deemed amended to apply to) the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (CPI Card Group Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Indebtedness and the Second Priority Debt on account of Subordinated Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations Indebtedness and on account of the Second Priority Debt Subordinated Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Aurora Oil & Gas CORP)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, plan of arrangement or similar dispositive restructuring plan, both on account of both the Senior Term Loan Obligations and the Second Priority Debt on account of Notes Obligations, then, to the extent the debt obligations distributed on account of the Senior Term Loan Obligations and on account of the Second Priority Debt Notes Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior ABL Obligations and the Second Priority Debt Term Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Term Intercreditor Agreement (GMS Inc.)

Reorganization Securities. If, in any Liquidation or Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Note Claims and on account of the Second Priority Debt ObligationsSubordinated Note Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Note Claims and on account of the Second Priority Debt Obligations Subordinated Note Claims are secured by Liens upon the same assets or propertyCommon Collateral, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens on the Common Collateral securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Forster Drilling Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Claims and the Second Priority Debt Obligationson account of Junior Noteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Claims and on account of the Second Priority Debt Obligations Junior Noteholder Claims are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Hovnanian Enterprises Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Priority Obligations and the Second Junior Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and on account of the Second Junior Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Junior Priority Intercreditor Agreement (SunOpta Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Priority Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (EWT Holdings I Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, plan of arrangement or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (SunOpta Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Revolving Credit Obligations and the Second Priority Debt Noteholder Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Credit Obligations and on account of the Second Priority Debt Noteholder Obligations are secured by Liens upon the same assets or property, the provisions of this Intercreditor Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Jeffboat LLC)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and on account of the Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Unisys Corp)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Grantor secured by Liens upon any property of the such reorganized debtor Grantor are distributed, pursuant to a proposal or plan of reorganization compromise, arrangement or similar dispositive restructuring planreorganization, on account of both the Senior Obligations First Lien Debt and the Second Priority Debt ObligationsLien Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations First Lien Debt and on account of the Second Priority Lien Debt Obligations are secured by Liens upon the same assets or property, the provisions of this Intercreditor Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Castle a M & Co)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligationsobligations and the distribution of proceeds thereof.

Appears in 1 contract

Samples: Senior Intercreditor and Subordination Agreement (Cit Group Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior First Lien Obligations and the on account of Second Priority Debt Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Second Priority Debt Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Terremark Worldwide Inc)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Controlling Obligations and on account of the Second Priority Debt Subordinated Obligations, then, to the extent the debt obligations distributed on account of the Senior Controlling Obligations and on account of the Second Priority Debt Subordinated Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Ocean Rig UDW Inc.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, distributed pursuant to a plan of reorganization reorganization, plan of arrangement or similar dispositive restructuring plan, both on account of both the Senior ABL Obligations and the Second Priority Debt on account of any Term Obligations, then, to the extent the debt obligations distributed on account of the Senior ABL Obligations and on account of the Second Priority Debt such Term Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of both the Senior Revolving Facility Obligations and the Second Priority Debt on account of Term Loan Obligations, then, to the extent the debt obligations distributed on account of the Senior Revolving Facility Obligations and on account of the Second Priority Debt Term Loan Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (Am-Source, LLC)

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