Ranking of Loans Sample Clauses

Ranking of Loans. This Agreement and the other Loan Documents to which the Borrower is a party, when executed, and the Loans, when borrowed are and will be the direct and general obligations of the Borrower. The Borrower's obligations hereunder and thereunder rank and will rank at least pari passu in priority of payment to all other senior Indebtedness of the Borrower.
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Ranking of Loans. This Agreement and the other Loan Documents to which the Borrower is party, when executed, and the Loans, are and will be the direct and general obligations of the Borrower. The Borrower's obligations hereunder and thereunder rank and will rank at least pari passu in priority of payment to all other Indebtedness.
Ranking of Loans. The Indebtedness represented by the Loans and the other Obligations under the applicable Loan Documents of each Loan Party is intended to constitute senior secured Indebtedness, and accordingly is, and shall be, at all times while the Loans and the other Obligations remain outstanding or the Lenders have any outstanding Commitments hereunder, pari passu or senior in right of payment with all Indebtedness (if any) of such Loan Party.
Ranking of Loans. 48 3.26 Condemnation......................................................... 48
Ranking of Loans. The Loans and all other claims of the Secured Parties against the Borrower under the Loan Documents constitute direct, unconditional, unsubordinated and secured obligations of the Borrowers and rank at least pari passu in right of payment with all other Indebtedness of the Borrower and: (i) pari passu in right of security with the other secured obligations; and (ii) senior in right of security to all other Permitted Indebtedness; in each case except for Indebtedness mandatorily preferred by law.
Ranking of Loans. (a) Ensure that at all times the Loans and all other claims of the Secured Parties against the Borrower under the Loan Documents constitute direct, unconditional, unsubordinated and secured obligations of the Borrowers and rank at least pari passu in right of payment with all other Indebtedness of the Borrowers and: (i) pari passu in right of security with the other secured obligations; and (ii) senior in right of security to all other Permitted Indebtedness, in each case except for Indebtedness mandatorily preferred by law. (b) If any Borrower receives a loan or inter-company advance from any of its Affiliates, the relevant Borrower shall cause such Affiliate to promptly execute a document under the terms of which such Affiliate confirms that the loan or inter-company advance extended by such Affiliate to the Borrower shall be considered as a “Subordinated Obligation” (as defined in Schedule 1.01(b)) and be subject to the terms of subordination as set forth in Schedule 1.01(b).
Ranking of Loans. The Obligations rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower.
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Ranking of Loans. The obligations of each Loan Party under the Loan Documents rank in right of payment at least pari passu with all other senior Indebtedness for borrowed money of such Loan Party.
Ranking of Loans. 44 3.19 Subsidiaries............................................................... 44 ARTICLE 4.
Ranking of Loans. Cause the claims of each of the Banks hereunder and under its Notes for Borrowing hereunder by a Fund, or if it is comprised of Portfolios, a Portfolio of such Fund, to rank at least pari passu with the claims of all of the other unsecured creditors of such Fund or Portfolio, as the case may be, except those claims of such Fund or Portfolio, as the case may be, that are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application.
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