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 on account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior 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. (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, distributed pursuant to a Plan plan of Reorganization reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior 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, 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 liquidation or similar dispositive restructuring plan on account of both the Senior Obligations and the Junior each Class of First Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account each Class of the Junior 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.

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, distributed pursuant to a Plan plan of Reorganization reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior 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, 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 liquidation or similar dispositive restructuring plan on account of both the Senior Obligations and the Junior each Class of Pari Passu Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account each Class of the Junior Pari Passu 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.

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 plan of Reorganization reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations First Lien Debt and the Junior ObligationsNoteholder Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations First Lien Debt and on account of the Junior Obligations Noteholder Debt are secured by Liens upon on 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, 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 reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations First Priority Claims and the Junior ObligationsSecond Priority Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations First Priority Claims and on account of the Junior Obligations are secured by Liens upon the same assets or propertySecond Priority Claims, 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 Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Borrower secured by Liens upon any property of the such reorganized debtor Borrower are distributed, pursuant to a Plan plan of Reorganization reorganization, on account of both the Senior Obligations ABL Debt and the Junior ObligationsNoteholder Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations ABL Debt and on account of the Junior Obligations Noteholder Debt 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.

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 Reorganization, both on account of both the Senior First Lien Obligations and the on account of Junior Priority Obligations, then, to the extent the debt obligations distributed on account of the Senior First Lien Obligations and on account of the Junior Priority 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, 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 reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Debt and the Junior ObligationsNoteholder Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Debt and on account of the Junior Obligations Noteholder Debt are secured by Liens upon on 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, in any Insolvency or Liquidation Proceeding, debt obligations of the any Obligor, as reorganized debtor debtor, secured by Liens upon any property of the such reorganized debtor are distributed, distributed pursuant to a Plan plan of Reorganization reorganization or similar dispositive restructuring plan, on account of both the any Senior Obligations and the Junior ObligationsDebt or Subordinated Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations Debt and on account of the Junior Obligations Subordinated Debt 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.

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 Reorganization, on account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior 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, 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, distributed pursuant to a Plan plan of Reorganization reorganization or similar dispositive restructuring plan, on account of both the Senior Obligations and the Junior Secured Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior Secured 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, in any Insolvency or Liquidation Proceeding, debt obligations of the any reorganized debtor Borrower secured by Liens upon any property assets of the reorganized debtor Borrower are distributed, distributed pursuant to a Plan plan of Reorganization reorganization, on account of both the Senior FastPay Obligations and the Junior Non-ABL Creditor Obligations, then, to the extent the debt obligations distributed on account of the Senior FastPay Obligations and on account of the Junior Non-ABL Creditor 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.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the Company, as reorganized debtor debtor, secured by Liens upon any property of the such reorganized debtor are distributed, distributed pursuant to a Plan plan of Reorganization reorganization or similar dispositive restructuring plan, on account of both the any Senior Obligations and the Junior ObligationsDebt or Subordinated Debt, then, to the extent the debt obligations distributed on account of the Senior Obligations Debt and on account of the Junior Obligations Subordinated Debt 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.

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, both on account of both the Senior Obligations Lender Claims and the Junior Obligationson account of Second Priority Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Junior Obligations Second Priority 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.

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 on account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior 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, 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 reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Claims and the on account of Junior ObligationsClaims, then, to the extent the debt obligations distributed on account of the Senior Obligations Claims and on account of the Junior 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.

Reorganization Securities. If, in any an 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 Thermo Claim and on account of the Junior ObligationsPost Road Claim, then, to the extent the debt obligations distributed on account of the Senior Obligations Thermo Claim and on account of t the Junior Obligations Post Road Claim 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, 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 reorganization or similar dispositive restructuring plan, both on account of both the Senior Obligations Lender Claims and the Junior ObligationsNoteholder Claims, then, to the extent the debt obligations distributed on account of the Senior Obligations Lender Claims and on account of the Junior Obligations Noteholder Claims are secured by Liens upon on 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.