Common use of Sharing of Security Clause in Contracts

Sharing of Security. The Borrower and the Lenders agree and acknowledge that the Security is being shared equally among the Lenders to secure Indebtedness of the Borrower under the Revolving Loan, on a pari passu basis; and that the Agent will hold the Security for the benefit of the Agent and the Lenders hereunder.

Sharing of Security. The Borrower and the Lenders agree and acknowledge that the Security is being shared equally among the Lenders to secure Indebtedness of the Borrower under the Revolving Loan, Loan and any hedging transactions with any Lender on a pari passu basis; and that the Agent will hold the Security for the benefit of the Agent and the Lenders hereunder.

Sharing of Security. The Borrower and the Lenders agree and acknowledge that the Security is being shared equally among the Lenders and the Swap Lenders to secure Indebtedness Obligations and the Cash Management Obligations of the Borrower Loan Parties under the Revolving Loan, Documents and any Swap Indebtedness on a pari passu basis; and that the Agent will hold the Security for the benefit of the Agent Lenders hereunder and the Swap Lenders hereunder.with respect to all the Swap Indebtedness. For purposes of the above sentence, “pari passu basis” means:

Sharing of Security. (a) The Borrower and the Lenders agree and acknowledge that the Security is being shared pari passu and equally among the Lenders and the Lender Hedge Providers to secure Indebtedness of the Borrower under Loan Obligations and the Revolving Loan, Lender Hedge Obligations on a pari passu basis; an equal and rateable basis and that the Administrative Agent will hold the Security for the benefit of the Agent Lenders hereunder and the Lenders hereunder.Lender Hedge Providers with respect to the Lender Hedge Obligations;

Sharing of Security. The Borrower and the Lenders agree and acknowledge that the Security is being shared equally among the Lenders to secure Indebtedness of the Borrower under the Extendible Revolving Loan, the Term Loan, the Corporate Visa Facility and any hedging transactions with any Lender on a pari passu basis; and that the Agent will hold the Security for the benefit of the Agent and the Lenders hereunder.