Common use of Transaction Security Clause in Contracts

Transaction Security. Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Liabilities and the Senior Secured Liabilities pari passu and without any preference between them.

Transaction Security. Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Lender Liabilities and the Senior Secured Hedging Liabilities (but only to the extent that such Transaction Security by its terms secures such Liabilities) pari passu and without any preference between them.

Transaction Security. Each of the Parties agrees that the Transaction Security shall rank and secure the following Senior Secured Liabilities and Super Senior Liabilities and (subject to the Senior Secured Liabilities terms of this Agreement) pari passu and without any preference between themthem (but only to the extent that such Transaction Security is expressed to secure those Liabilities).

Transaction Security. ‌ Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Lender Liabilities, the Agent Liabilities, the Arranger Liabilities and the Senior Secured Hedging Liabilities pari passu and without any preference between themthem (but only to the extent that such Transaction Security is expressed to secure those Liabilities).

Transaction Security. Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Liabilities and the Senior Secured Liabilities pari passu and without any preference between them.

Transaction Security. Each of the Parties agrees that the Transaction Security shall rank and secure the Super Senior Liabilities and the Senior Secured Liabilities pari passu and without any preference between themthem (but only to the extent that such Transaction Security is expressed to secure such Liabilities).