Loans as Senior Indebtedness. All Obligations of the Borrower to the Banks will constitute "Senior Indebtedness" and will rank pari pasu with the Existing Senior Indebtedness. The Borrower has delivered to the Agent true and exact and complete copies of the Existing Senior Indebtedness Documents. The current outstanding principal balance of the Existing Senior Indebtedness is set forth in Schedule 5.20 annexed hereto. No default exists under the Existing Senior Indebtedness Documents.
Loans as Senior Indebtedness. All obligations and liabilities of the Apparel Obligors to the Acceptance Bank, the Issuing Bank and/or the Lenders in respect of the principal of and interest on the Loans and all Reimbursement Obligations under the Credit Instruments will constitute "
Loans as Senior Indebtedness. All Obligations of the Loan Parties to the Lenders are senior in right of payment to the Senior Subordinated Notes and are pari passu as to right of payment with the obligations under the Revolving Credit Agreement.
Loans as Senior Indebtedness. The Loan Parties and Property Entities have no Indebtedness that is senior or pari passu in right of payment to the Obligations of the Loan Parties to the Lenders (other than (a) Indebtedness under the Permitted Borrower Construction Indebtedness, (b) Indebtedness under the Existing Secured Indebtedness and (c) Permitted Indebtedness, but only to the extent that such Permitted Indebtedness is allowed to be senior or pari passu in right of payment to the Obligations under Section 7.01).
Loans as Senior Indebtedness. (a) The principal of, premium, if any, and interest on the Loans and the reimbursement obligations in respect of the Letters of Credit will constitute "Senior Indebtedness" of the Company within the meaning of the indenture evidencing the Subordinated Debt described in clause (xiv) of the definition of Permitted Indebtedness.
Loans as Senior Indebtedness. All Obligations of the Consolidated Group to the Lenders will constitute senior indebtedness to any instrument evidencing indebtedness which purports to be Subordinated Debt or the Senior Subordinated Notes.
Loans as Senior Indebtedness. All Indebtedness of the Borrowers to the Banks in respect of the principal of and interest on the Loans will constitute "Senior Indebtedness" under the terms of each of the Subordinated Agreements and any other instrument evidencing, or pursuant to which there is issued indebtedness which purports to be Subordinated Debt.
Loans as Senior Indebtedness. All Obligations of the Borrower to the Lenders will constitute "Senior Indebtedness" and will be secured by first priority liens on all Properties, subject, however, to Permitted Liens.
Loans as Senior Indebtedness. 58 6.31 Replacement of Existing Credit Agreement......................................... 59
Loans as Senior Indebtedness. All Obligations of the Loan Parties to the Lenders are senior in right of payment to the Subordinated Indebtedness.
