Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. If, in any Insolvency Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the ABL Debt and the Term Loan Debt, then, to the extent the debt obligations distributed on account of the ABL Debt and on account of the Term Loan 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 Liens securing such debt obligations.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the ABL Revolving Loan Debt and the Term Loan Notes Debt, then, to the extent the debt obligations distributed on account of the ABL Revolving Loan Debt and on account of the Term Loan Notes 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 Liens securing such debt obligations.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property assets of such reorganized Grantor are distributed, distributed pursuant to a plan of reorganizationreorganization or similar dispositive restructuring plan, on account of both the ABL Debt Obligations and the Term Loan DebtObligations, then, to the extent the debt obligations distributed on account of the ABL Debt Obligations and on account of the Term Loan 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.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property assets of such reorganized Grantor are distributed, distributed pursuant to a plan of reorganization, on account of both the ABL Debt Obligations and the Term Loan DebtObligations, then, to the extent the debt obligations distributed on account of the ABL Debt Obligations and on account of the Term Loan 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.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the ABL Revolving Loan Debt and the Term Loan Debt, then, to the extent the debt obligations distributed on account of the ABL Revolving Loan Debt and on account of the Term Loan 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 Liens securing such debt obligations.

Reorganization Securities. If, in any Insolvency Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the ABL Bridge Debt and the Term Loan Initial Purchase Debt, then, to the extent the debt obligations distributed on account of the ABL Bridge Debt and on account of the Term Loan Initial Purchase 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 Liens securing such debt obligations.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property assets of such reorganized Grantor are distributed, distributed pursuant to a plan of reorganization, on account of both the ABL Debt Revolving Obligations and the Term Loan DebtNon-ABL Obligations, then, to the extent the debt obligations distributed on account of the Revolving Obligations and the Non-ABL Debt and on account of the Term Loan 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.

Reorganization Securities. If, in any Insolvency Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganizationreorganization or liquidation or comparable arrangement or scheme, on account of both the ABL Debt and the Term Loan Debt, then, to the extent the debt obligations distributed on account of the ABL Debt and on account of the Term Loan 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 plan, arrangement or scheme 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 any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganization, on account of both the ABL First Lien Debt and the Term Loan Second Lien Debt, then, to the extent the debt obligations distributed on account of the ABL First Lien Debt and on account of the Term Loan Second Lien 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 Liens securing such debt obligations.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized Grantor secured by Liens upon any property of such reorganized Grantor are distributed, pursuant to a plan of reorganizationreorganization or plan of compromise, on account of both the ABL First Lien Debt and the Term Loan Second Lien Debt, then, to the extent the debt obligations distributed on account of the ABL First Lien Debt and on account of the Term Loan Second Lien Debt are secured by Liens upon the same any 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 any and all Liens securing such debt obligations.