Ranking and Other Provisions. Each Incremental Facility shall (i) rank pari passu in right of payment and in respect of lien priority as to any collateral with the existing Loans, (ii) not mature earlier than the Maturity Date, (iii) have a weighted average life that is not shorter than the remaining weighted average life of the existing Loans and contain terms as to prepayments no more favorable than the existing Loans and (iv) otherwise be on the same terms as the existing Loans.
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Samples: Term Loan Credit Agreement (SOUTH JERSEY GAS Co), Term Loan Credit Agreement (SOUTH JERSEY GAS Co)
Ranking and Other Provisions. Each Incremental Facility shall (i) rank pari passu in right of payment and in respect of lien priority as to any collateral with the existing Loans, (ii) not mature earlier than the Maturity Date, (iii) have a weighted average life that is not shorter than the remaining weighted average life of the existing Loans and contain terms as to prepayments no more favorable than the existing Loans and (iv) otherwise be on the same terms as the existing Loans.. \56881183
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