Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. In respect of any Loan Party, incur, create, assume, suffer to exist or permit any other Superpriority Claim that is pari passu with or senior to the claims of the Agents and the Secured Parties against the Borrower and the Guarantors except with respect to the Carve-Out and Liens described in clauses (A) through (D) of Section 9.08(a)(ii).

Appears in 3 contracts

Samples: Credit Agreement (Chemtura CORP), Possession Credit Agreement (Chemtura CORP), Possession Credit Agreement (Chemtura CORP)

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Chapter 11 Claims. In respect of any Loan Party, incur, create, assume, suffer to exist or permit any other Superpriority Claim that or Lien which is pari passu with or senior to the claims of the Collateral Agent, Administrative Agents and the Secured Parties against Lenders granted pursuant to this Agreement, the Borrower Security and Pledge Agreement and the Guarantors Final Order except with respect to for the Carve-Out and Permitted Liens described which, in clauses (A) through (D) of Section 9.08(a)(ii)accordance with the Final Order, are senior to such Liens.

Appears in 1 contract

Samples: Loan and Guarantee Agreement (Calpine Corp)

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