Common use of Creditor Liabilities Clause in Contracts

Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Obligors to the Finance Parties shall rank in right and priority of payment pari passu and without any preference between them.

Appears in 2 contracts

Samples: Intercreditor and Security Sharing Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.)

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Creditor Liabilities. Each of the Parties agrees that the Lender Liabilities and the Hedging Liabilities owed by the Obligors to the Finance Parties Creditors shall rank in right and priority of payment pari passu and without any preference between them.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Obligors Debtors to the Finance Secured Parties shall rank in right and priority of payment pari passu and without any preference between them.

Appears in 1 contract

Samples: Intercreditor Agreement

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