Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claims of Agent and the Lenders against Borrower and the other Credit Parties, except as permitted in Section 2.21(b) hereof.

Appears in 1 contract

Samples: Possession Credit Agreement (Ual Corp /De/)

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Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claims of Agent Agents and the Lenders against Borrower and the other Credit PartiesBorrowers, except as permitted set forth in Section 2.21(b) hereof1.18(b).

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim Superpriority Claim or Lien which is senior to, or pari passu with or senior to with, the claims of Agent Obligations hereunder, in each case, except for the Permitted Liens, the Additional Permitted Liens and the Lenders against Borrower and the other Credit Parties, except as permitted in Section 2.21(b) hereofCarve-Out.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority super-priority administrative claim which is pari passu with or senior to the claims of Agent Agents and the Lenders against Borrower Borrowers and the other Credit Parties, except as permitted set forth in Section 2.21(b) hereof2.24.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Allied Holdings Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any administrative expense, unsecured claim, or other superpriority administrative super-priority claim which or lien that is pari passu with or senior to the claims of Agent and the Lenders against Borrower and the other Credit Parties, or apply to the Bankruptcy Court for authority to do so, except as permitted for the Carve-Out and the pari passu liens of Citibank on the Collateral (other than the Prepetition Collateral) with respect to its Purchase Price Overpayment Secured Claim to the extent set forth in Section 2.21(b) hereofthe Order.

Appears in 1 contract

Samples: Credit Agreement

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claims of Agent and the Lenders against Borrower and the other Credit PartiesBorrowers, except as permitted set forth in Section 2.21(b) hereof1.18(b).

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claims of Agent and the Lenders against Borrower and the other Credit Parties, except as permitted set forth in Section 2.21(b) hereof1.14(b).

Appears in 1 contract

Samples: Credit and Security Agreement (Osullivan Industries Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claims of Agent and the Lenders against Borrower and the other Credit PartiesBorrower, except as permitted set forth in Section 2.21(b) hereofthe Interim Order or Final Order, as applicable.

Appears in 1 contract

Samples: Possession Credit Agreement (Vertis Inc)

Chapter 11 Claims. No Credit Party shall, nor shall incurit permit any of its Subsidiaries to, create, assume, suffer to exist or permit any other superpriority super-priority administrative claim which that is pari passu with or senior to the claims Claims of Agent and the Lenders Secured Parties against Borrower and the other Credit Parties, except as permitted set forth in Section 2.21(b) hereofthe Interim Order and the Final Order, as then in effect.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (California Coastal Communities Inc)

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