Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated to the Pari Passu Liabilities owed by the Debtors to the Pari Passu Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated in accordance with the terms of this Agreement to the Pari Passu Liabilities owed by the Debtors to the Pari Passu Primary Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Global Ship Lease, Inc.), Intercreditor Agreement (Global Ship Lease, Inc.)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated to the Pari Passu Liabilities owed by the Debtors to the Pari Passu Senior Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Sappi LTD), Intercreditor Agreement (Sappi LTD)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated to the Pari Passu Liabilities owed by the Debtors and the Third Party Security Providers to the Pari Passu CreditorsSecured Parties.
Appears in 1 contract
Samples: Intercreditor Agreement
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are are, subject to the terms of this Agreement, postponed and subordinated to the Pari Passu Liabilities owed by the Debtors to the Pari Passu CreditorsCreditors and the 2029 Notes Creditors in respect of the Second Ranking 2029 Notes Liabilities.
Appears in 1 contract
