Common use of Ranking and Other Provisions Clause in Contracts

Ranking and Other Provisions. The Additional Loans (i) shall rank pari passu in right of payment and in respect of lien priority as to the Collateral with the outstanding Revolving Credit Loans, (ii) shall have the same Maturity Date as the outstanding Revolving Credit Loans and (iii) shall be on the same terms, and otherwise treated the same, as the outstanding Revolving Credit Loans.

Appears in 3 contracts

Samples: Credit Agreement (Masonite International Corp), Credit Agreement (Masonite International Corp), Credit Agreement (Masonite International Corp)

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Ranking and Other Provisions. The Additional Loans (i) shall rank pari passu in right of payment and in respect of lien Lien priority as to the Collateral with the outstanding Revolving Credit Loans, (ii) shall have the same Maturity Date as the outstanding Revolving Credit Loans and (iii) shall be on the same termsterms (other than with respect to upfront fees, original issue discount or similar fees), and otherwise treated the same, as the outstanding Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Masonite International Corp)

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