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 administrative expense, unsecured claim, or other super-priority claim or lien that is pari passu with or senior to the claims of the Lenders against the Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 the Order.

Appears in 1 contract

Samples: Credit Agreement

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Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any administrative expense, unsecured claim, or other super-priority administrative claim or lien that which is pari passu with or senior to the claims of the Agents and Lenders against Borrowers and the other Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 as set forth in the OrderSection 2.24.

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 other superpriority administrative expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the claims of the Agents and Lenders against the Credit Parties, or apply to the Bankruptcy Court for authority to do soBorrowers, except 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 as set forth in the OrderSection 1.18(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 expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the claims of the Agent and Lenders against the Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 as set forth in the OrderSection 1.14(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 expense, unsecured claim, or other super-priority claim or lien that which 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 for the Carve-Out and the pari passu liens of Citibank on the Collateral (other than the Prepetition Collateralas permitted in Section 2.21(b) with respect to its Purchase Price Overpayment Secured Claim to the extent set forth in the Orderhereof.

Appears in 1 contract

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

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the claims of the Agent and Lenders against the Credit Parties, or apply to the Bankruptcy Court for authority to do soBorrowers, except 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 as set forth in the OrderSection 1.18(b).

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the superpriority administrative claims of the Agent and Lenders against Borrower and the other Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 the OrderReserve.

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

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Chapter 11 Claims. No Credit Party shall, nor shall incurit permit any of its Subsidiaries to, create, assume, suffer to exist or permit any administrative expense, unsecured claim, or other super-priority administrative claim or lien that is pari passu with or senior to the claims Claims of the Lenders Secured Parties against the Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 as set forth in the Interim Order and the Final Order, as then in effect.

Appears in 1 contract

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

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any other superpriority administrative expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the claims of the Agent and Lenders against the Credit Parties, or apply to the Bankruptcy Court for authority to do soBorrower, except 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 as set forth in the Interim Order or Final Order, as applicable.

Appears in 1 contract

Samples: Possession Credit Agreement (Vertis Inc)

Chapter 11 Claims. No Credit Party shall incur, create, assume, suffer to exist or permit any administrative expense, unsecured claimother Superpriority Claim or Lien which is senior to, or other super-priority claim or lien that is pari passu with or senior to with, the claims of the Lenders against the Credit PartiesObligations hereunder, or apply to the Bankruptcy Court for authority to do soin each case, except for the Permitted Liens, the Additional Permitted Liens and 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 the OrderOut.

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 administrative expense, unsecured claim, or other super-priority claim or lien that which is pari passu with or senior to the superpriority administrative claims of the Agent and Lenders against Borrowers and the other Credit Parties, or apply to the Bankruptcy Court for authority to do so, except 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 the Order.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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