Common use of Priority and Liens Clause in Contracts

Priority and Liens. The Credit Parties hereby covenant, represent and warrant that, upon entry of the DIP Order, the Secured Obligations of the Credit Parties hereunder and under the other Credit Documents and the DIP Order, shall have the priority and liens set forth in the DIP Order and the Intercreditor Agreement, subject to the Carve-Out as described therein.

Appears in 3 contracts

Samples: Senior Secured Debtor in Possession Credit Agreement (Hi-Crush Inc.), Senior Secured Debtor in Possession Term Loan Credit Agreement (Hi-Crush Inc.), Restructuring Support Agreement (Hi-Crush Inc.)

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Priority and Liens. The Credit Loan Parties hereby covenant, represent and warrant that, upon entry of the DIP Order, the Secured Obligations of the Credit Loan Parties hereunder and under the other Credit Loan Documents and the DIP Order, Order shall have the priority and liens set forth in the DIP Order and the Intercreditor AgreementOrder, subject to the Carve-Out Out, and subject to the differing lien priorities in respect of the DIP Priority Collateral and the Other DIP Collateral, each as described therein.

Appears in 2 contracts

Samples: Credit Agreement (Sundance Energy Inc.), Restructuring Support Agreement (Sundance Energy Inc.)

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Priority and Liens. The Credit Loan Parties hereby covenant, represent and warrant that, upon entry of the DIP Order, the Secured Obligations of the Credit Loan Parties hereunder and under the other Credit Loan Documents and the DIP Order, shall have the priority and liens set forth in the DIP Order and the Intercreditor AgreementOrder, subject to the Carve-Out as described therein.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (Superior Energy Services Inc)

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