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.
Appears in 2 contracts
Samples: Credit Agreement (Point 360), Credit Agreement (Point 360)
Ranking of Loans. This Agreement and the other Loan Documents to which the Borrower is 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 PARI PASSU in priority of payment to all other Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Vdi Media), Credit Agreement (Vdi Multimedia)
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 PARI PASSU in priority of payment to all other IndebtednessIndebtedness of the Borrower.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Phoenix International Life Sciences Inc), Term Loan Agreement (Phoenix International Life Sciences Inc)
Ranking of Loans. This Agreement and the other Loan Documents to which the Borrower is party, when executed, and the Loans, when borrowed are and will be the direct and general obligations of the Borrower. The Borrower's obligations Obligations hereunder and thereunder rank and will rank at least pari passu PARI PASSU in priority of payment to with all other Indebtednesssenior Debt, except to the extent otherwise permitted hereunder.
Appears in 1 contract
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 PARI PASSU in priority of payment to with all other IndebtednessSenior Debt.
Appears in 1 contract
