Common use of Pari Passu or Priority Status Clause in Contracts

Pari Passu or Priority Status. Neither the Borrower nor any other Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Agent and the Secured Parties against the Borrower and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Agent Agent, the Security Trustee and the Secured Parties against the Borrower and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower Parent nor any other Credit Party has taken any action action, or failed to take any action, which would cause the claims of unsecured creditors of the Borrower Parent or of any other Credit Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Agent, the Collateral Agent and the Secured Parties Lenders against the Borrower Parent and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower Parent nor any other Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower Parent or of any other Credit Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Agent, the Collateral Agent and the Secured Parties against the Borrower Parent and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Parent Borrower nor any other Credit Party has taken any action which would cause the claims of unsecured creditors of the Parent Borrower or of any other Credit Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Agent, the Collateral Agent and the Secured Parties against the Parent Borrower and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other Credit Loan Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Loan Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Encumbrances or Permitted Maritime Liens), to have priority over the claims of the Administrative Agent and the other Secured Parties against the Borrower and such other Credit Loan Party under this Agreement or the other Credit Loan Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other No Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Party, as the case may be Party (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), ) to have priority over the claims of the Administrative Term Agent and the Term Loan Secured Parties against the Borrower and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other Credit Loan Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Loan Party, as the case may be (other than claims of such creditors to the extent that they are statutorily preferred or Permitted LiensLiens permitted under this Agreement), to have priority over the claims of the Administrative Agent, the Collateral Agent and the Secured Parties against the Borrower and such other Credit Loan Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Party, as the case may be (other than claims of such unsecured creditors to the extent that they are statutorily preferred or Permitted Liens), to have priority over the claims of the Administrative Term Agent and the Term Loan Secured Parties against the Borrower and such other Credit Party under this Agreement or the other Credit Documents.

Pari Passu or Priority Status. Neither the Borrower nor any other No Credit Party has taken any action which would cause the claims of unsecured creditors of the Borrower or of any other Credit Party, as the case may be Party (other than claims of such creditors to the extent that they are statutorily preferred or Permitted Liens), ) to have priority over the claims of the Administrative Agent and the Secured Parties against the Borrower and such other Credit Party Parties under this Agreement or the other Credit Documents.