Pari Passu Status of Obligations. Each of the Lender, the Administrative Agent, the Collateral Agent and each Permitted Secured Hedge Counterparty by acceptance of the benefits of this Agreement and the other Security Documents agree that their respective security interests in the Collateral shall rank pari passu and that the Secured Obligations shall be equally and ratably secured by the Security Documents subject to the terms hereof and subject to the Priority of Payments.
Appears in 6 contracts
Samples: Loan Agreement, Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2), Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2)
Pari Passu Status of Obligations. Each of the Lender, the Administrative Agent, the Collateral Agent Lender and each Permitted Secured Hedge Counterparty Designated Indebtedness Holder by acceptance of the benefits of this Agreement and the other Security Documents agree agrees that their respective security interests in the Security Documents and the Collateral shall rank pari passu and that the Secured Obligations shall be equally and ratably secured by the Security Documents subject to the terms hereof and subject to the Priority priority of Paymentspayment established in Section 8.06.
Appears in 3 contracts
Samples: Guarantee, Pledge and Security Agreement (Medley Capital Corp), Guarantee, Pledge and Security Agreement (Fifth Street Finance Corp), Senior Secured Revolving Credit Agreement (Apollo Investment Corp)
