Example ContractsClausesguarantee and collateral mattersVariants
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SIXTH, if the Second Lien Guarantee and Collateral Agreement shall no longer be in effect or if the Collateral Agent shall be advised by the “Collateral Agent” under and as defined in the Second Lien Guarantee and Collateral Agreement that there are no persons entitled under the Second Lien Guarantee and Collateral Agreement to receive such proceeds or cash, to the Junior Collateral Agents (as such term is defined in the Lien Subordination and Intercreditor Agreement) for application as provided in the Lien Subordination and Intercreditor Agreement; and

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SIXTH,

SEVENTH, if there shall be no outstanding “Junior Obligations”, as defined in the Second Lien GuaranteeSubordination and Collateral Agreement shall no longer be in effectIntercreditor Agreement, or if the Collateral Agent shall be advised by the “Collateral Agent” under and as defined in the Second Lien Guarantee and Collateral Agreement that there are no persons entitled under the Second Lien Guarantee and Collateral Agreement to receive such proceeds or cash, to theeach Junior Collateral AgentsAgent (as such term is defined in the Lien Subordination and Intercreditor Agreement) for applicationthat there are no persons entitled under the documents governing “Junior Obligations”, as provideddefined in the Lien Subordination and Intercreditor Agreement; andAgreement, to receive such proceeds or cash, to the applicable Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

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