Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. No Loan 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 Lenders against Borrower, except for the Carve-Out and as otherwise set forth in the Interim Order or the Final Order, as applicable.

Appears in 2 contracts

Samples: Credit Agreement, Possession Credit Agreement

AutoNDA by SimpleDocs

Chapter 11 Claims. No Loan 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 the Administrative Agent and the Lenders against Borrowerthe Loan Parties, except for the Carve-Out and as otherwise set forth in the Interim Order or the Final Order, as applicableexpressly permitted under Section 4.18.

Appears in 1 contract

Samples: Loan Agreement (Pliant Corp)

Chapter 11 Claims. No Loan 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 the Agents and the Lenders against Borrowerthe Borrowers, except for the Carve-Out and as otherwise set forth in the Interim Order or the Final Order, as applicableSection 2.20(b).

Appears in 1 contract

Samples: Pliant Corp

AutoNDA by SimpleDocs

Chapter 11 Claims. No Loan 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 Lenders against Borrower, except for the Carve-Out and as otherwise set forth in the Interim Order or the Final Order, as applicable.applicable 43

Appears in 1 contract

Samples: Credit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!