Common use of Debt Ranking Clause in Contracts

Debt Ranking. Pioneer's obligations under this Agreement and under all notes executed by Pioneer in favor of the Banks, whether now or hereafter existing, are superior in rank to all other indebtedness of Pioneer and to the rights of all common and preferred shareholders.

Debt Ranking. Pioneer's obligations under this Agreement and under all notes executed by Pioneer in favor of the Banks, whether now or hereafter existing, are superior in rank to all other indebtedness Subordinated Debt of Pioneer and to the rights of all common and preferred shareholders. 9.

Debt Ranking. Pioneer's obligations under this Agreement and under all notes executed by Pioneer in favor of the Banks, whether now or hereafter existing, are superior in rank to all other indebtedness Subordinated Debt of Pioneer and to the rights of all common and preferred shareholders.