Common use of Ranking and Other Provisions Clause in Contracts

Ranking and Other Provisions. Each Incremental Term Loan Facility shall (i) rank pari passu in right of payment and in respect of lien priority as to the Collateral with the existing Facilities, (ii) not have a weighted average life to maturity that is shorter than the weighted average life to maturity of the Term Loan Facility, (iii) not mature earlier than the Maturity Date with respect to the Term Loan Facility, (iv) be subject to pricing determined by the applicable Incremental Lenders, the Administrative Agent and the Company, (v) be subject to an amortization schedule determined by the applicable Incremental Lenders, the Administrative Agent and the Company (subject to the foregoing clauses (ii) and (iii)) and (vi) be otherwise subject to terms and conditions that are either consistent with the Term Loan Facility or reasonably satisfactory to the applicable Incremental Lenders, the Administrative Agent and the Company; provided that in no event shall the covenants, defaults and similar non-economic provisions applicable to any Incremental Term Loan Facility (A) be more restrictive, taken as a whole, than the corresponding terms set forth in the then existing Loan Documents (except to the extent either (1) applicable to all of the Facilities or (2) only applicable after the latest maturity date of the other Facilities then in effect) or (B) contravene any of the terms of the then existing Loan Documents.