Common use of Distribution According to Priorities Clause in Contracts

Distribution According to Priorities. No party hereto shall be entitled to a distribution on any lower priority pursuant to clauses FIRST through THIRD above unless and until all higher priorities have been paid in full.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Am-Pac Tire Dist. Inc.)

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Distribution According to Priorities. No party hereto shall be entitled to a distribution on any lower priority pursuant to clauses FIRST through THIRD SIXTH above unless and until all higher priorities have been paid in full.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Apria Healthcare Group Inc)

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Distribution According to Priorities. No party hereto shall be entitled to a distribution on any lower priority pursuant to clauses FIRST through THIRD FOURTH above unless and until all higher priorities have been paid in full.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Dominion Textile (Usa), L.L.C.)

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