Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right of payment with all other Senior Indebtedness of the Loan Parties and (b) prior in right of payment to all Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties except Indebtedness secured by Permitted Liens and (b) prior in right of payment to all over the Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right of payment with all other Senior Indebtedness of the Loan Parties and (b) prior in right of payment to all the Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties except Indebtedness secured by Permitted Liens and (b) prior in right of payment to all Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties (except the Obligations may rank junior in priority with respect to the liens securing Indebtedness secured by Permitted Liens) and (b) prior in right of payment to all Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) rank at least pari passu in right of payment with all other Senior material senior Indebtedness of the Loan Parties Borrower and its Subsidiaries and (b) prior in right of payment are designated as “Senior Indebtedness,” “Designated Senior Debt” or such similar term under all instruments and documents relating to all Subordinated IndebtednessIndebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations will at all times rank (a) rank at least pari passu in right of payment with all other Senior material senior Indebtedness of the Loan Parties Borrower and its Subsidiaries and (b) prior in right of payment are designated as “Senior Indebtedness”, “Designated Senior Debt” or such similar term under all instruments and documents relating to all Subordinated IndebtednessIndebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties except Indebtedness secured by Permitted Liens and (b) prior in right of payment to all Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties except Indebtedness secured by Permitted Liens and (b) prior in right of payment to all over the Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in right priority of payment with all other Senior Indebtedness of the Loan Parties except(except the Obligations may rank junior in priority with respect to the liens securing Indebtedness secured by Permitted Liens) and (b) prior in right of payment to all Subordinated Indebtedness.

Senior Debt Status. The Obligations will at all times rank (a) rank at least pari passu in right of payment with all other Senior material senior Indebtedness of the Loan Parties Company and its Subsidiaries and (b) prior in right of payment are designated as “Senior Indebtedness”, “Designated Senior Debt” or such similar term under all instruments and documents relating to all Subordinated IndebtednessIndebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations will at all times rank (a) rank at least pari passu in right of payment with the and all other Senior material senior Indebtedness of the Loan Parties Borrower and its Subsidiaries and (b) prior in right of payment are designated as “Senior Indebtedness”, “Designated Senior Debt” or such similar term under all instruments and documents relating to all Subordinated IndebtednessIndebtedness and all senior unsecured Indebtedness of such Person.