Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. Each of the Borrowers will not (and will not apply to the Bankruptcy Court for authority to), incur, create, assume, suffer to exist or permit any other Superpriority Claim which is pari passu with or senior to the claims of the Administrative Agent and the Lenders against the Borrowers hereunder, except for the Carve-Out.