Common use of TRUSTEES' LIEN Clause in Contracts

TRUSTEES' LIEN. The Trustees, members of the ZTAC Members, and the PD FCR and the Additional Indemnitees shall have a first priority lien upon the PD Trust Assets to secure the payment of any amounts payable to them pursuant to Section 4.6 above.

Appears in 1 contract

Sources: Settlement Agreement

TRUSTEES' LIEN. The Trustees, members of the ZTAC Members, and the PD FCR and the Additional Indemnitees shall have a first priority lien upon the PD Trust Assets to secure the payment of any amounts payable to them pursuant to Section 4.6 above.

Appears in 1 contract

Sources: Asbestos Property Damage Settlement Trust Agreement (W R Grace & Co)