Common use of Primary Creditor Liabilities Clause in Contracts

Primary Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Debtors to the Primary Creditors shall rank in right and priority of payment in the following order and are postponed and subordinated to any prior ranking Liabilities as follows:

Appears in 3 contracts

Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (Globalstar, Inc.)

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Primary Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Debtors each Debtor and each other grantor of Transaction Security to the Primary Creditors shall rank in right and priority of payment in the following order and are postponed and subordinated to any prior ranking Liabilities as follows:

Appears in 2 contracts

Samples: Intercreditor Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

Primary Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Debtors to the Primary Creditors shall rank in right and priority of payment in the following order and the Liabilities listed in paragraph (b) are postponed and subordinated to any prior ranking Liabilities as follows:

Appears in 1 contract

Samples: Intercreditor Agreement (Selina Hospitality PLC)

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Primary Creditor Liabilities. Each of the Parties agrees that the Liabilities owed by the Debtors to of the Primary Creditors shall rank in right and priority of payment in the following order and are postponed and subordinated to any prior ranking Liabilities as follows:

Appears in 1 contract

Samples: Intercreditor Agreement (Global Ship Lease, Inc.)

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