Maintenance of Priority. Until such time as the Company has registered the Registrable Securities, so long as there are Registrable Securities hereunder, the Company shall not grant to any person piggy-back rights superior to the rights of the Holders of Registrable Securities hereunder.
Maintenance of Priority. The Company shall ensure that its payment obligations with respect to the Notes will constitute its direct, unconditional and general senior unsecured obligations and will rank senior or pari passu in right of payment with all of its senior unsecured and unsubordinated Indebtedness (except those obligations preferred by operation of Mexican law, including labor, social security and tax claims).
Maintenance of Priority. So long as there are Registrable Securities hereunder, the Company shall not grant to any person piggy-back rights superior to or on parity with the rights of the Holders of Registrable Securities hereunder; provided, however, that the piggy-back rights granted pursuant to that certain Registration Rights Agreement, dated ________, 2006, between the Company and the “Investors” thereunder, substantially in the form filed as Exhibit 4.5 to the Registration Statement, may be on parity with (but not superior to) the piggy-back rights granted to the Holders of Registrable Securities hereunder.
Maintenance of Priority. This Security Instrument constitutes a valid and subsisting first priority security instrument and conveys security title to the Collateral, subject to the Permitted Encumbrances, and Borrower shall take all steps necessary to preserve and protect the validity and priority of such security title to, security interests in, and assignments of, the Collateral created hereby. The Borrower shall execute, acknowledge and deliver such additional instruments as the Grantee may deem necessary in order to preserve, protect, continue, extend or maintain the security title, security interests and assignments created hereby as first security title to, security interests in, and assignments of, the Collateral, except as otherwise permitted under the terms of this Security Instrument. If any Lien not otherwise permitted under the terms of this Security Instrument is asserted against the Collateral, Borrower will promptly, at its own cost and expense, (a) pay the underlying claim in full or take such other action so as to cause same to be released, and (b) within fifteen (15) days from the date such Lien interest is so asserted, give Grantee notice of such Lien. Such notice shall specify who is asserting such Lien and shall detail the origin and nature of the underlying claim giving rise to such asserted Lien. Without limiting the generality of the foregoing, Borrower will pay in full all sums owing or claimed for labor, materials, supplies, personal property (whether or not forming a fixture hereunder), and services of every kind and character used, furnished or installed in or on the Collateral, provided, however, that Borrower shall have the right to contest in good faith the amount or validity of any such Liens by appropriate legal proceedings and in accordance with all applicable Law, after notice to, but without cost or expense to, Grantee, provided that (i) no Event of Default has occurred and is continuing, (ii) Borrower pays such Liens when due and payable, unless Borrower delivers evidence satisfactory to Grantee that, as a result of Borrower’s contest, Borrower’s obligation to pay such Liens has been deferred by the posting of a bond as required by applicable Law and rules, (iii) such contest shall be promptly and diligently prosecuted by and at the expense of Borrower, (iv) such contest shall be discontinued and the Lien paid in full if any proceedings to foreclose such Lien are initiated or if the priority or security interest created by this Security Instrum...
Maintenance of Priority. The Partnership and the REIT will cause the Notes to, at all times, constitute senior Unsecured Debt of the Partnership that is not subordinated to any other Unsecured Indebtedness of the Partnership and shall rank equally or higher with other existing and future senior Unsecured Debt of the Partnership.
Maintenance of Priority. The Issuer shall ensure that its payment obligations with respect to the Notes shall constitute its direct, unconditional and general unsecured senior obligations and shall rank senior or pari passu (except for Indebtedness that is subordinated in right of payment to the Notes) in priority of payment and in all other respects (other than security) with respect to its future Indebtedness, except for labor, tax, social security deposits, trade obligations and certain other obligations that in the case of insolvency or bankruptcy are granted preferential treatment pursuant to the laws of Peru. Each Subsidiary Guarantor shall ensure that its payment obligations with respect to its Note Guarantee shall constitute its direct, unconditional and general unsecured senior obligations and shall rank senior or pari passu (except for Indebtedness that is subordinated in right of payment to its Note Guarantee) in priority of payment and in all other respects (other than security) with respect to its future Indebtedness, except for labor, tax, social security deposits trade obligations and certain other obligations that in the case of insolvency or bankruptcy are granted preferential treatment pursuant to the laws of Peru.
Maintenance of Priority. Permit or cause the Indebtedness of the Company to the Bank arising under the Loan Documents, including but not limited to the Company's obligations to pay the principal of and interest on the Note, to not be fully senior in right of payment in all respects to the Senior Subordinated Notes, the Senior Reset Notes, any Junior Subordinated Debt and all other Subordinated Debt.
Maintenance of Priority. Take all necessary action so as to ensure that all Obligations of the Loan Parties under the Loan Documents continue to rank senior in right of payment and collateral security to all unsecured or unsubordinated Obligations of the Loan Parties.
