Ranking of Debt. Unless expressly provided to the contrary in this Agreement, the Debt shall rank in right and priority of payment in the following order:
Ranking of Debt. Unless expressly provided to the contrary in this Deed, the Debt shall rank in right and priority of payment in the following order: First the Senior Debt, the Hedging Debt and the Note Debt (pari passu, without any preference between themselves); Second the Intercompany Debt; and Third the Junior Debt. For the avoidance of doubt, any claims against the Company under the Senior Subordinated Guarantee rank prior to the claims (if any) against the Company in respect of Junior Debt.
Ranking of Debt. (a) Unless expressly provided to the contrary in this Agreement (including Clause 16 (Application of Recoveries)), the Debt shall rank in right and priority of payment in the following order:
Ranking of Debt. 3.1 The Debt shall, until the Senior Discharge Date, rank in the following order:
Ranking of Debt. The Parties agree that:
Ranking of Debt. 7 3. COVENANT TO PAY BY OBLIGORS ................................... 7 4.
Ranking of Debt. With respect to a particular Obligor, its obligations under each of the RCF Debt and the Notes Debt shall rank pari passu in right and priority of payment with its obligations under all such debt.
Ranking of Debt. Subject to the terms of this Deed, the Debt shall rank in the following order: First Senior Debt Second Subordinated Debt.
