Separate Tranches. Notwithstanding anything to the contrary in the Credit Documents, the Agents, the Lenders and the Guaranteed Creditors hereby agree and acknowledge that the Term B-1 Facility and the Term B-2 Facility shall be deemed to be separate and distinct obligations of the Borrower and the Guarantors and separate facilities for purposes of the Credit Documents (it being understood that nothing in this Section 13.22 shall be deemed to affect any provisions which expressly apply to all Tranches of Term Loans), including the pari passu nature of security thereon.
Appears in 5 contracts
Samples: Security Agreement, Patent Security Agreement, Security Agreement (OCI Partners LP)
