Common use of Reorganization Securities Clause in Contracts

Reorganization Securities. If, in any Insolvency 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, both on account of First Priority Obligations and on account of Second Priority Obligations, then, to the extent the debt obligations distributed on account of the First Priority Obligations and on account of the Second Priority 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, provided that this provision shall not affect the relative rankings of the First Priority Obligations and the Second Priority Obligations in such Insolvency Proceeding.

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 or similar dispositive restructuring plan, both on account of First Priority Lien Obligations and on account of Second Priority Lien Obligations, then, to the extent the debt obligations distributed on account of the First Priority Lien Obligations and on account of the Second Priority 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, provided . Neither the Second Lien Collateral Agent or any Second Lien Secured Party shall propose or support any plan of reorganization that is inconsistent with the priorities or other provisions of this provision shall not affect Agreement (except to the relative rankings of extent otherwise agreed by the First Priority Obligations and the Second Priority Obligations in such Insolvency ProceedingLien Collateral Agent).

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 or similar dispositive restructuring plan, both on account of the First Priority Obligations and on account of the Second Priority Obligations, then, to the extent the debt obligations distributed on account of the First Priority Obligations and on account of the Second 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, provided obligations (it being understood and agreed that nothing in this provision Section 6.10 shall not affect the relative rankings of the First Priority Obligations and entitle the Second Priority Obligations in such Insolvency ProceedingSecured Parties to receive a distribution pursuant to a plan of reorganization or similar dispositive restructuring plan).