Common use of Ranking of Debt Clause in Contracts

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: (a) first, the Super Senior Debt (pari passu between the Super Senior RCF Debt and the Hedging Debt); (b) secondly, the Senior Debt (pari passu between the Bonds Debt and any New Debt); (c) thirdly, the Intercompany Debt; and (d) fourthly, the Shareholder Debt.

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: (a) first: First the Senior Debt, the Super Senior Hedging Debt and the LC Debt (pari passu passu, without any preference between the Super Senior RCF Debt and the Hedging Debtthemselves); (b) secondly, the Senior Debt (pari passu between the Bonds Debt and any New Debt); (c) thirdly, ; Second the Intercompany Debt; and (d) fourthly, and Third the Shareholder Debt.

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: (a) first, the Super Senior Debt (pari passu between the Super Senior RCF Debt and the Hedging Debt); (b) secondly, the Super Senior Notes Debt (pari passu between the Bonds New Notes Debt and any New the Elevated Notes Debt); (c) thirdly, the Intercompany Senior Debt (pari passu between the Senior Notes Debt and any New Debt; and); (d) fourthly, the Intercompany Debt; and (e) fifthly, the Shareholder Debt.

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: (a) first, the Super Senior Debt (pari passu between all indebtedness under the Super Senior RCF Debt and the Hedging DebtTerm Facility); (b) secondly, the Senior Debt (pari passu between all indebtedness under the Bonds Debt and any New DebtBonds); (c) thirdly, any liabilities raised in the form of Intercompany Debt; and (d) fourthly, any liabilities raised in the Shareholder form of Subordinated Debt.