Common use of Chapter 11 Claims Clause in Contracts

Chapter 11 Claims. Without limiting the provisions of subsection 7.2 hereof, no Borrower or any Subsidiary thereof shall incur, create, assume, suffer or permit any claim or Lien or encumbrance against it or any of its property or assets in any Chapter 11 Case (other than the claims specifically referred to in subsection 2.16 and the Borrowing Orders but only to the extent therein described) to be pari passu with or senior to the claims of DIP Agent, and DIP Lenders against any Borrower or Subsidiary thereof in respect of the DIP Obligations hereunder, or apply to the Court for authority to do so, except to the extent permitted herein.

Appears in 1 contract

Samples: Farmland Industries Inc

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Chapter 11 Claims. Without limiting the provisions of subsection 7.2 ----------------- Section 7.02 hereof, no Borrower or any Subsidiary thereof shall incur, create, assume, suffer or permit any claim or Lien or encumbrance against it or any of its property or assets in any Chapter 11 Case (other than (i) the claims specifically referred to in subsection 2.16 Section 2.13, the Interim Borrowing Order and the Borrowing Orders Order but only to the extent therein describeddescribed and (ii) Permitted Encumbrances) to be pari passu ---- ----- with or senior to the claims of DIP Agent, the Agents and DIP Lenders against any Borrower or Subsidiary thereof in respect of the DIP Obligations hereunder, or apply to the Court Courts for authority to do so, except to the extent permitted herein.

Appears in 1 contract

Samples: Mariner Post Acute Network Inc

Chapter 11 Claims. Without limiting the provisions of subsection 7.2 SECTION 7.20 hereof, no Borrower or any Subsidiary thereof shall incur, create, assume, suffer or permit any claim or Lien or encumbrance against it or any of its property or assets in any Chapter 11 Case (other than the claims specifically referred to in subsection 2.16 SECTION 2.20 and the Borrowing Orders Order but only to the extent therein described) to be pari passu PARI PASSU with or senior to the claims of DIP Agent, the Agent and DIP Lenders against any Borrower or Subsidiary thereof in respect of the DIP Obligations hereunder, or apply to the Court U.S. Courts for authority to do so, except to the extent permitted herein.

Appears in 1 contract

Samples: Loewen Group Inc

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Chapter 11 Claims. Without limiting the provisions of subsection 7.2 ----------------- Section 7.02 hereof, no Borrower or any Subsidiary thereof shall incur, create, assume, suffer or permit any claim or Lien or encumbrance against it or any of its property or assets in any Chapter 11 Case (other than the claims specifically referred to in subsection 2.16 Section 2.14, the Interim Borrowing Order and the Borrowing Orders Order but only to the extent therein described) to be pari passu with or senior to the claims of DIP Agent, the Agents ---- ----- and DIP Lenders against any Borrower or Subsidiary thereof in respect of the DIP Obligations hereunder, or apply to the Court Courts for authority to do so, except to the extent permitted herein.

Appears in 1 contract

Samples: Agreement (Vencor Inc)

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