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 that previously constituted Shared Collateral are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of the First Priority Claims, the Second Priority Claims and any Excess Claims, then, to the extent the debt obligations distributed on account of the First Priority Claims, on account of the Second Priority Claims and on account of 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 obligations on such property.

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 that previously constituted Shared Collateral are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of any two or more of the First Priority ClaimsLien Obligations, the Second Priority Claims Lien Obligations and any Excess Claimsthe Revolving Facility Obligations, then, to the extent the debt obligations distributed on account of the such First Priority ClaimsLien Obligations, on account of the such Second Priority Claims and on account of any Excess Claims Lien Obligations or such Revolving 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 on such propertyobligations.

Reorganization Securities. 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 that previously constituted Shared Collateral are distributed, distributed pursuant to a plan of reorganization reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of the First Priority Claims, the Second Priority Claims Prior Lien Obligations and any Excess Claimson account of Subordinated Lien Obligations, then, to the extent the debt obligations distributed on account of the First Priority Claims, Prior Lien Obligations and on account of the Second Priority Claims and on account of any Excess Claims 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 on such propertyobligations.

Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of any of the reorganized debtor Company or any Grantor, or any successor, assigns, transferees of such Company or Grantor, or their respective estates, 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, both on account of the First Priority Claims, the Obligations and on account of Second Priority Claims and any Excess ClaimsObligations, then, to the extent the debt obligations distributed on account of the First Priority Claims, Obligations and on account of the Second Priority Claims and on account of any Excess Claims Obligations are secured by Liens upon the same assets or propertyLiens, 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 on such propertyobligations.

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 that previously constituted Shared Collateral are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of any two or more of the First Priority ClaimsTerm Loan Obligations, the Second Junior Priority Claims Obligations and any Excess Claimsthe ABL Facility Obligations, then, to the extent the debt obligations distributed on account of the First such Term Loan Obligations, such Junior Priority Claims, on account of the Second Priority Claims and on account of any Excess Claims Obligations or such ABL Facility Obligations (as applicable) 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 on such propertyobligations.

Reorganization Securities. If, in any Insolvency or Liquidation ProceedingProceed- ing, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized reor- ganized debtor that previously constituted Shared Collateral are distributed, pursuant to a plan of reorganization or similar dispositive restructuring restruc- turing plan, on account of the First Priority ClaimsLien Obligations, the Second Priority Claims on account of ABL Obligations and any Excess Claimson account of Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the First Priority ClaimsLien Obligations, on account of the Second Priority Claims ABL Obligations and on account of any Excess Claims Jun- ior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement Agree- ment 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 on such property.obligations.5