Common use of Priority and Liens Clause in Contracts

Priority and Liens. (a) The Borrower, on behalf of itself and each of its Subsidiaries, hereby covenants, represents and warrants that, upon entry of the DIP Orders and the delivery and execution of this Agreement, and subject to the terms of the DIP Orders, the DIP Obligations of the Borrower and the Guarantors shall at all times:

Appears in 2 contracts

Samples: Assignment and Assumption (Warren Resources Inc), Assignment and Assumption (Warren Resources Inc)

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Priority and Liens. (a) The Borrower, on behalf of itself and each of its Subsidiaries, hereby covenants, represents and warrants that, upon entry of the DIP Orders Order and the delivery and execution of this Agreement, and subject to the terms of the DIP OrdersOrder, the DIP Obligations of the Borrower and the Guarantors shall at all times:

Appears in 2 contracts

Samples: Possession Credit Agreement (Swift Energy Co), Possession Credit Agreement (Swift Energy Co)

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