Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. (1) 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 First Lien Obligations, on account of Second Lien Obligations and on account of Third Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations, on account of the Second Lien Obligations and on account of the Third Lien Obligations 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. (1) 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 any two or more of the First Lien Obligations, on account of the Second Lien Obligations and on account of Third Lien the Revolving Facility Obligations, then, to the extent the debt obligations distributed on account of the such First Lien Obligations, on account of the such Second Lien Obligations and on account of the Third Lien or such Revolving Facility Obligations 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. (1) IfNotwithstanding anything herein to the contrary, 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, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of First Lien Obligations, on account of Second Prior Lien Obligations and on account of Third Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations, on account of the Second Prior Lien Obligations and on account of the Third Subordinated Lien Obligations 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. (1) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor that previously constituted Shared Collateral are distributed distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of the First Lien ObligationsPriority Claims, on account of the Second Lien Obligations Priority Claims and on account of Third Lien Obligationsany Excess Claims, then, to the extent the debt obligations distributed on account of the First Lien ObligationsPriority Claims, on account of the Second Lien Obligations Priority Claims and on account of the Third Lien Obligations any Excess 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 obligationsobligations on such property.

Reorganization Securities. (1) If, in any 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, on account of all or a combination of the First Lien Obligations, on account of the Second Lien Obligations and on account of the Third Lien Obligations, then, to the extent the debt obligations Obligations distributed on account of some or all of the First Lien Obligations, on account of the Second Lien Obligations and on account of and/or the 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 Obligations pursuant to such plan and will apply with like effect to the relative Liens and priorities securing such debt obligationsObligations.