The Liens Clause Samples

The Liens. The Company and the Guarantors shall cause the Securities to be secured by (i) a perfected first priority lien on the Notes Priority Collateral (it being understood that the Senior Credit Facility shall be secured by a perfected second priority lien on the Notes Priority Collateral) and (ii) a perfected second priority lien on the ABL Priority Collateral (it being understood that the Senior Credit Facility shall be secured by a perfected first priority lien on the ABL Priority Collateral), in each case to the extent and in the manner provided for in the Indenture and the Security Documents and as described in the Offering Memorandum, and further subject in each case to there being no Liens except Permitted Liens.

The Liens. The Company and the Guarantors shall cause the Securities to be secured by perfected second priority liens on the Collateral (it being understood that the Revolving Credit Facility shall be secured by perfected first priority liens on the Collateral) to the extent and in the manner provided for in the Indenture and the Security Documents and as described in the Offering Memorandum, in each case, subject to no Liens except Permitted Collateral Liens. The Representative on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance.

The Liens. The Company and the Guarantors shall cause the Securities to be secured by perfected second-priority liens on the Collateral (it being understood that the Amended and Restated Credit Facility shall be secured by perfected first-priority liens on the Collateral) to the extent and in the manner provided for in the Indenture and the Pledge Agreement and as described in the Time of Sale Information and the Offering Memorandum in each case subject to no Liens (as defined in the Indenture) except Permitted Liens.

The Liens. The Company and the Guarantors shall cause the Securities to be secured by a perfected first priority lien on the Collateral (as defined in the Indenture and subject to the Intercreditor Agreements), in each case, to the extent and in the manner provided for in the Indenture and the Security Documents, and further subject in each case to there being no Liens except Permitted Liens (as defined in the Indenture).

The Liens. The Company and the Guarantors shall cause the Senior Priority Securities to be secured by perfected first priority liens on the Fixed Asset Priority Collateral and perfected second priority liens on the ABL Priority Collateral (it being understood that the ABL Facility shall be secured by perfected first priority liens on the ABL Priority Collateral and second priority liens on the Fixed Asset Priority Collateral), in each case excluding the Excluded Property, to the extent and in the manner provided for in the Senior Priority Indenture, the ABL Intercreditor Agreement and the Senior Priority Security Documents and as described in the Pricing Disclosure Package and Offering Memorandum, in each case subject to no Liens except Permitted Liens. The Company and the Guarantors shall cause the Junior Priority Securities to be secured by perfected liens on the Collateral ranking junior in priority to the liens on the Collateral securing the Senior Priority Securities and the ABL Facility to the extent and in the manner provided for in the Junior Priority Indenture, the Junior Priority Intercreditor Agreement and the Junior Priority Security Documents and as described in the Offering Memorandum, in each case subject to no Liens except Permitted Liens. The Representative on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance.

The Liens