Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. Incur, create, assume, suffer to exist or permit (i) any administrative expense, unsecured claim, or other superpriority claim which is senior to or pari passu with to the claims of the Postpetition Lender against the Borrower hereunder, or apply to the Bankruptcy Court for authority to do so, except for the Carve-Out or as is otherwise permitted in any of the Orders, or (ii) any obligation to make or provide adequate protection (whether by the payment of cash or otherwise) other than as expressly set forth in the Orders or as otherwise approved by the Postpetition Lender.