Common use of Prior Payment of Guaranteed Obligations Clause in Contracts

Prior Payment of Guaranteed Obligations. Each Guarantor agrees that in any proceeding under any Debtor Relief Laws relating to any other Loan Party, the Administrative Agent, the L/C Issuers and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief Laws, whether or not constituting an allowed claim in such proceeding (“Post-Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Prior Payment of Guaranteed Obligations. Each Guarantor agrees that in any proceeding under any Debtor Relief Laws relating to any other Loan Party, the Administrative Agent, the L/C Issuers Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief Laws, whether or not constituting an allowed claim in such proceeding (“Post-Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Prior Payment of Guaranteed Obligations. Each Guarantor agrees that in In any proceeding under any Debtor Relief Laws Law relating to any other Loan Partysuch Borrower, such Guarantor agrees that the Administrative Agent, the L/C Issuers and the Lenders shall be entitled to receive payment in full in cash of all applicable Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief LawsBankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post-Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Prior Payment of Guaranteed Obligations. Each Guarantor agrees that in In any proceeding under any Debtor Relief Laws Law relating to any other Loan Partysuch Borrower, such Guarantor agrees that the Administrative Agent, the L/C Issuers and the Lenders shall be entitled to receive payment in full in cash of all applicable Guaranteed Obligations (including all interest and expenses accruing after the AMERICAS/2022747386.20 commencement of a proceeding under any Debtor Relief LawsBankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post-Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.