Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations rank (a) at least pari passu in 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 over the Subordinated Indebtedness.

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

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

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in 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 over the to all Subordinated Indebtedness.

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

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

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

Senior Debt Status. The Obligations rank (a) at least pari passu in 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 over the Subordinated Indebtedness.

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

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

Senior Debt Status. The Obligations will at all times rank (a) at least pari passu in 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 over the to all Subordinated Indebtedness.

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