Common use of Administrative Priority Clause in Contracts

Administrative Priority. The Borrower hereby agrees that the Obligations of the Borrower shall constitute allowed administrative expenses in the Chapter 11 Case having priority over all administrative expenses of and unsecured claims against the Borrower 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 Carve-Out Expenses having priority over the Obligations to the extent set forth in the definition of Agreed Administrative Expense Priorities.

Administrative Priority. The Borrower Borrowers hereby agrees agree that the Obligations of the Borrower Borrower's Liabilities shall constitute allowed administrative expenses in the Chapter 11 Case having priority over all administrative expenses of and unsecured claims against the Borrower Borrowers now existing or hereafter arising, of any kind or nature whatsoever, whatsoever (including without limitation 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 Carve-Out Expenses having priority over the Obligations subject to the extent set forth in terms and conditions of the definition of Agreed Administrative Expense PrioritiesInterim Borrowing Order.

Administrative Priority. The Borrower hereby agrees that the Obligations of the Borrower shall constitute allowed administrative expenses in the Chapter 11 Case having priority over all administrative expenses of and unsecured claims against the Borrower 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 Carve-Out Expenses having priority over other than those expenses constituting the Obligations to the extent set forth in the definition of Agreed Administrative Expense Priorities"Carveout".

Administrative Priority. The Borrower hereby agrees that the Obligations of the Borrower obligations shall constitute allowed administrative expenses in the Chapter 11 Case Case, having priority over all other administrative expenses of and unsecured claims against the Borrower 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 prioritypriority of payment, only to Carve-Out Expenses expenses having payment priority over the Obligations to the extent set forth so indicated in the definition of Agreed Administrative Expense Priorities.