Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. If, in any Liquidation or Insolvency Proceeding with respect to CSC or any of its subsidiaries, 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 Lender Claims and on account of Noteholder Claims, then, to the extent the debt obligations distributed on account of the Lender Claims and on account of the Noteholder Claims are secured by Liens upon the same 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.

Reorganization Securities. If, in any Liquidation or Insolvency Proceeding with respect to CSC or any of its subsidiaries, 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 Lender Claims ABL Obligations and on account of Noteholder ClaimsTerm Obligations, then, to the extent the debt obligations distributed on account of the Lender Claims ABL Obligations and on account of the Noteholder Claims Term Obligations are secured by Liens upon property that would constitute ABL Priority Collateral or Term Priority Collateral under the same propertyterms of this Agreement, 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.

Reorganization Securities. IfWithout prejudice to Section 2 hereof, if, in any Liquidation or Insolvency Proceeding with respect to CSC or any of its subsidiariesProceeding, 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 Lender Claims both the ABL Obligations and on account of Noteholder Claimsthe Subordinated Obligations, then, to the extent the debt obligations distributed on account of the Lender Claims ABL Obligations and on account of the Noteholder Claims 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.

Reorganization Securities. If, Nothing in this Agreement prohibits or limits the right of a Second Lien Creditor to receive and retain any Liquidation debt or Insolvency Proceeding with respect to CSC or any of its subsidiaries, debt obligations of the equity securities that are issued by a reorganized debtor pursuant to a plan of reorganization or similar dispositive restructuring plan in connection with an Insolvency Proceeding, provided that if any debt or equity securities secured by Liens upon any property of the reorganized debtor are distributed, pursuant received prior to the Discharge of First Lien Obligations by a plan of reorganization or similar dispositive restructuring plan, both Second Lien Creditor on account of Lender Claims and on account of Noteholder Claims, then, to the extent the debt obligations distributed on account of the Lender Claims and on account of the Noteholder Claims a Second Lien Obligation are secured by Liens upon the same propertydistributed, the provisions of this Agreement will survive the distribution of such debt or equity obligations pursuant to such plan and will apply with like effect to the Liens securing such debt or equity obligations.