Common use of Prior Payment of Guaranteed Obligations Clause in Contracts

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any Guarantor, each Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 4 contracts

Samples: Term Loan Agreement (Assurant Inc), Credit Agreement (Assurant Inc), Term Loan Agreement (Harris Corp /De/)

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Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Bankruptcy Law relating to the Borrower or any Guarantorother Credit Party, each Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post "Post-Petition Interest”)") before such Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Credit Agreement (AbitibiBowater Inc.), Senior Secured Superpriority Debtor in Possession Credit Agreement (AbitibiBowater Inc.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any GuarantorBorrower, each the Guarantor agrees that the Lenders Beneficiaries shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including including, without limitation, all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such the Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Guaranty Agreement (Public Service Co of New Mexico)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Bankruptcy Law relating to the Borrower or any GuarantorBorrower, each the Guarantor agrees that the Lender and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including including, without limitation, all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such the Guarantor receives or any of its Subsidiaries receive payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Credit Agreement (AquaVenture Holdings LTD), Credit Agreement (Aquaventure Holdings LLC)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any GuarantorCompany, each Guarantor agrees that the Lenders Lender 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)"POST PETITION INTEREST") before such Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Guaranty (Alliance Resource Partners Lp), Guaranty (Alliance Resource Partners Lp)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the any Borrower or any Guarantor, each Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Heico Corp), Revolving Credit Agreement (Heico Corp)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the any Borrower or any Guarantor, each Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Harris Corp /De/), Revolving Credit Agreement (Harris Corp /De/)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Bankruptcy Law relating to the Borrower or any GuarantorBorrower, each the Guarantor agrees that 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 Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before such the Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Agilent Technologies Inc)

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Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any GuarantorBorrower, each the Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such the Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: 364 Day Term Loan Agreement (Becton Dickinson & Co), 364 Day Bridge Term Loan Agreement (Becton Dickinson & Co)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the either Borrower or any other Guarantor, each Guarantor agrees that the Lenders Beneficiaries 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Credit Agreement (FirstEnergy Solutions Corp.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any Guarantorother Loan Party, each Guarantor agrees that 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Asset Based Term Loan Agreement (Express, Inc.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to the Borrower or any GuarantorBorrower, each the Guarantor agrees that the Administrative 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 Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Guaranty Agreement (Olin Corp)

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