Common use of Administrative Priority Clause in Contracts

Administrative Priority. Each of the Loan Parties agrees for itself that, pursuant to Sections 364(c) and 364(d) of the Bankruptcy Code, the Obligations of such Person shall be DIP Superpriority Claims and constitute allowed administrative expenses in the Chapter 11 Case, having priority over all administrative expenses of and unsecured claims against such Person now existing or hereafter arising, of any kind or nature whatsoever, including all administrative expenses of the kind specified in, or arising or ordered under, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726 and 1114 of the Bankruptcy Code, other than with respect to the Carve-Out.

Administrative Priority. Each of the Loan Parties agrees for itself thatthat the Obligations of such Person shall, pursuant to Sections 364(c) and 364(dSection 364(c)(1) of the Bankruptcy Code, the Obligations of such Person shall be DIP Superpriority Claims and constitute allowed administrative expenses in the Chapter 11 CaseCases, having priority over all administrative expenses of and unsecured claims against such Person now existing or hereafter arising, of any kind or nature whatsoever, including including, without limitation, all administrative expenses of the kind specified in, or arising or ordered under, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726 552(b), 726, 1113 and 1114 of the Bankruptcy Code, other than with respect subject only to the prior payment of Carve-OutOut Expenses to the extent set forth in the Bankruptcy Court Orders.

Administrative Priority. Each of the Loan Parties agrees for itself that, pursuant to Sections 364(c) and 364(d) of the Bankruptcy Code, the Obligations of such Person shall be DIP Superpriority Claims and constitute allowed administrative expenses in the Chapter 11 Case, having priority over all administrative expenses of and unsecured claims against such Person now existing or hereafter arising, of any kind or nature whatsoever, including all administrative expenses of the kind specified in, or arising or ordered under, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726 and 1114 of the Bankruptcy Code, other than with respect to the Carve-Out.