Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations of the Borrower and each Guarantor under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt.

Appears in 7 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Restricted Subsidiaries under this Agreement Agreement, the Subsidiary Guaranteed Obligations and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt and the Obligations of the Borrower and each Restricted Subsidiary under this Agreement are hereby designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Appears in 4 contracts

Samples: Credit Agreement (DRS Technologies Inc), Credit Agreement (Paravant Inc), Credit Agreement (DRS Technologies Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Restricted Subsidiaries under this Agreement and each of the other Loan Documents ranks rank and shall continue to rank at least senior in priority of payment to all Subordinated Debt of each such Person and, to the extent applicable, is designated as “Senior Debt” or the equivalent thereof under all instruments and documents relating to all Subordinated Debt of such Person.

Appears in 4 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to the Senior Subordinated Notes and all other Subordinated DebtDebt of each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to the Senior Subordinated Notes and all other Subordinated Debt of such Person.

Appears in 3 contracts

Samples: Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc)

Senior Debt Status. The Obligations of the Borrower Borrowers and each Guarantor of their Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt of each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Debt and all senior unsecured Debt of such Person.

Appears in 3 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt of each such Person and shall be designated at all times as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Appears in 2 contracts

Samples: Credit Agreement (Compx International Inc), Credit Agreement (Compx International Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt of each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Restricted Subsidiaries under this Agreement and each of the other Loan Documents ranks rank and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents relating to all Subordinated Debt of such Person.

Appears in 2 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt and all senior unsecured Debt of each such Person and is designated as “Senior Debt” under all instruments and documents, now or in the future, relating to all Subordinated Debt and all senior unsecured Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Hickory Tech Corp)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its ------------------ Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment pari passu to all Subordinated Debtsenior unsecured debt of each such ---------- Person.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt of each such Person and shall be designated at all times as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank rank: (i) at least senior in priority of payment to all Subordinated DebtDebt and (ii) at least pari passu in priority of payment with all senior unsecured Debt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Rare Hospitality International Inc)

Senior Debt Status. The Obligations of the Borrower Borrowers and each Guarantor of their Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt and at least pari passu in priority of payment to all senior unsecured Debt of each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor its Subsidiaries under this Agreement Agreement, the Notes and each of the other Loan Documents ranks Document to which it is a party do rank and shall continue to will rank at least senior in priority of payment to all Subordinated Debt of such Person and is hereby designated as "Designated Senior Indebtedness" under all instruments and documents, now or in the future, relating to the Permitted Convertible Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (Corestaff Inc)

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Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Restricted Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt and all senior unsecured Debt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt and all senior unsecured Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Veridian Corp)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Restricted Subsidiaries under this Agreement Agreement, the Subsidiary Guaranteed Obligations and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt and the Obligations of the Borrower and each Restricted Subsidiary under this Agreement are hereby designated as “Senior Indebtedness” (or by a term with substantially equivalent meaning) under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to the Senior Subordinated Notes and all other Subordinated DebtDebt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to the Senior Subordinated Notes and all other Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (O Charleys Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt and all senior unsecured Debt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt and all senior unsecured Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Senior Debt Status. The Obligations of the Borrower and each Guarantor under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debt.Debt and at least pari passu with all senior Debt (in each case as permitted under Section 10.1) of the Borrower and is designated as, and constitutes, "Senior

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Senior Debt Status. The Obligations of the Borrower Borrowers and each Guarantor of their Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated DebtDebt and at least pari passu in priority of payment to all senior unsecured Debt of each such Person and is designated as "Senior Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Senior Debt Status. The Obligations of the Borrower and each Guarantor Loan Party under this Agreement and each of the other Loan Documents Document ranks and shall continue to rank at least senior in priority of payment to all Subordinated Debtsubordinate Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

Senior Debt Status. The Obligations of the Borrower and each Guarantor of its Subsidiaries under this Agreement and each of the other Loan Documents ranks and shall continue to rank rank: (i) at least senior in priority of payment to all Subordinated DebtDebt and (ii) at least pari passu in priority of payment with all senior unsecured Debt of each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Debt of such Person.

Appears in 1 contract

Samples: Credit Agreement (Rare Hospitality International Inc)

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