No Debt Subordination. Nothing contained in this Agreement is intended to subordinate any debt claim by a Second Lien Secured Party to a debt claim by a First Lien Secured Party. All debt claims of the First Lien Secured Parties and the Second Lien Secured Parties are intended to be pari passu.
Appears in 7 contracts
Samples: Credit Agreement (Sundance Energy Australia LTD), Intercreditor Agreement (Callon Petroleum Co), Credit Agreement (Sundance Energy Australia LTD)
No Debt Subordination. Nothing contained in this Agreement is intended to subordinate any debt claim by a Second Lien Secured Party to a debt claim by a First Lien Secured Party. All Other than to the extent constituting secured claims on the Collateral, all debt claims of the First Lien Secured Parties and the Second Lien Secured Parties are intended to be pari passu.
Appears in 2 contracts
Samples: Intercreditor Agreement (U.S. Well Services, Inc.), Intercreditor Agreement (Penn Virginia Corp)
No Debt Subordination. Nothing contained in this Agreement is intended to subordinate in right of payment any debt claim by a Second Lien Secured Party to a debt claim by a First Lien another Secured Party. All debt claims of the First Lien Secured Parties and the Second Lien Secured Parties are intended to be pari passu.
Appears in 1 contract
