Administrative Priority. Each Loan Party hereby agrees that the Obligations shall constitute allowed administrative expenses in the Chapter 11 Cases having priority over all administrative expenses of and unsecured claims against such Loan Party now existing or hereafter arising, of any kind or nature whatsoever, including without limitation all administrative expenses of the kind specified in Sections 503(b) and 507(b) of the Bankruptcy Code, subject, as to priority, only to the Carve-Out Expenses having priority over any Obligations to the extent set forth in the definition of Agreed Administrative Expense Priorities.
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Samples: Loan and Security Agreement (E Spire Communications Inc), Loan and Security Agreement (Dairy Mart Convenience Stores Inc)
Administrative Priority. Each Loan Party hereby agrees that The Obligations of the Obligations shall Credit Parties hereunder will constitute allowed administrative expenses in the Chapter 11 Cases having priority over all administrative expenses of and unsecured claims against such Loan Party the Credit Parties now existing or hereafter arising, of any kind or nature whatsoever, including without limitation all administrative expenses of the kind specified in Sections sections 503(b) and 507(b) of the Bankruptcy Code, subject, as to priority, only to the Carve-Out Expenses having priority over any the Obligations to the extent set forth in the definition of Agreed Administrative Expense Priorities.
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Samples: Debtor in Possession Credit and Guaranty Agreement (NTL Delaware Inc)
Administrative Priority. Each of the Loan Party hereby Parties agrees that for itself that, subject to the terms of the Bankruptcy Court Orders, the Obligations of such Person shall constitute allowed administrative expenses in the Chapter 11 Cases Cases, having priority over all administrative expenses of and unsecured claims against such Loan Party now existing or hereafter arising, of any kind or nature whatsoever, including including, without limitation limitation, all administrative expenses of the kind specified in Sections 503(b) and 507(b) of the Bankruptcy Code, subject, as to priority, subject only to the prior payment of Carve-Out Expenses having priority over any Obligations to the extent set forth in clause “first” of the definition of the term “Agreed Administrative Expense Priorities”.
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