Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

AutoNDA by SimpleDocs

Senior Debt Status. The Obligations obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party Notes do rank and will rank at least pari passu in priority of payment with all other Indebtedness indebtedness of the Borrower, Borrower except Indebtedness indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Dover Downs Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc)

Senior Debt Status. The Obligations of the Borrower under this Agreement Agreement, the Notes, and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Triumph Group Inc /), Credit Agreement (Triumph Group Inc /), Credit Agreement (Triumph Group Inc /)

Senior Debt Status. The Obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness Indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Senior Debt Status. The Obligations of the Borrower under this Credit Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness Indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Pershing Square Capital Management, L.P.), Senior Secured Credit Agreement (Borders Group Inc)

Senior Debt Status. The Obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness Indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Simpson Manufacturing Co Inc /Ca/), Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Senior Debt Status. The Obligations obligations of the Borrower under ------------------ this Agreement and each of the other Loan Documents to which it is a party Note do rank and will rank at least pari passu in ---- ----- priority of payment with all other Indebtedness indebtedness of the Borrower, Borrower except Indebtedness indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Dover Downs Gaming & Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc)

Senior Debt Status. The Obligations of the each Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Borrower except Indebtedness of the such Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the any Borrower or any Subsidiary of the any Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Borders Group Inc), Multicurrency Credit Agreement (Borders Group Inc)

Senior Debt Status. The Obligations obligations of the Borrower under ------------------ this Agreement and each of the other Loan Documents to which it is a party Notes do rank and will rank at least pari passu in ---- ----- priority of payment with all other Indebtedness indebtedness of the Borrower, Borrower except Indebtedness indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Dover Downs Entertainment Inc)

Senior Debt Status. The Obligations of the Borrower each Restricted Person under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Restricted Person except Indebtedness of the Borrower such Restricted Person to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties Properties or income of the Borrower or any Subsidiary of the Borrower Restricted Person which secures indebtedness or other obligations Indebtedness of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (OPAL Fuels Inc.)

Senior Debt Status. The Obligations of the each Borrower under this Agreement Agreement, the Notes, and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Borrower except Indebtedness of the such Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the any Borrower or any Subsidiary of the any Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (U S Interactive Inc/Pa)

Senior Debt Status. The Obligations obligations of the Borrower Loan Parties under this Agreement Agreement, the Revolving Credit Note and each of the other Loan Documents to which it is a party Guaranties, do rank and will rank at least pari passu in priority of payment with all other Indebtedness indebtedness of the Borrower, Loan Parties except Indebtedness indebtedness of the Borrower Loan Parties to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower Loan Party which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Integra Inc)

Senior Debt Status. The Obligations of the Borrower under this Agreement Agreement, the Notes, and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu superior in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Cable Tv Fund 14-a LTD)

Senior Debt Status. The Obligations of the Borrower under this Agreement Agreement, the Notes and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu passau in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the such Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the any Borrower or any Subsidiary of the any Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Aquapenn Spring Water Company Inc)

Senior Debt Status. The Obligations obligations of the Borrower Borrowers under this ------------------ Agreement and each of the other Loan Documents to which it is a party do rank and will Notes rank at least pari passu in priority of payment with all ---- ----- other Indebtedness of the BorrowerBorrowers, except Indebtedness of the any Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the any Borrower or any Subsidiary of the Borrower its Subsidiaries which secures indebtedness Indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Control Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this ------------------ Agreement and each of the other Loan Documents to which it is a party do rank and will Notes shall rank at least pari passu in priority of payment ---- ----- with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other The obligations of any Person each other Loan Party under a Subsidiary Guaranty executed by it shall rank at least pari passu ---- ----- in priority of payment with all other Indebtedness of such Loan Party except for Indebtedness of such Loan Party to the extent secured by Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

Senior Debt Status. The Obligations of the Borrower each Obligor under this Agreement, the Notes, the Guaranty Agreement and each of the other Loan Financing Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Obligor except Indebtedness of the Borrower such Obligor to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower any Obligor or any Subsidiary of the Borrower any Obligor which secures indebtedness Indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Note Purchase Agreement (Westmoreland Coal Co)

Senior Debt Status. (i) The Obligations of the Borrower under this Agreement Agreement, the Term Notes and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower its Subsidiaries which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this ------------------ Agreement and each of the other Loan Documents to which it is a party Notes do rank and will rank at least pari passu in priority ---- ----- of payment with all other Indebtedness indebtedness of the Borrower, Borrower except Indebtedness indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Dover Downs Gaming & Entertainment Inc)

AutoNDA by SimpleDocs

Senior Debt Status. The Obligations of the Borrower under this Agreement Agreement, the Notes, and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.the

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Senior Debt Status. The Obligations of the Borrower Company under this Agreement and the Guarantors under each of the other Loan Documents Operative Agreements to which it is they are a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Person except Indebtedness of the Borrower such Guarantor to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower any Guarantor or any Subsidiary of the Borrower any Guarantor which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Participation Agreement (Borders Group Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will Notes rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness Indebtedness or other obligations of any Person person except for Permitted Liens.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Pg Energy Inc)

Senior Debt Status. The Obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Facility Agreement (New Jersey Resources Corp)

Senior Debt Status. The Obligations obligations of the Borrower under this Agreement and each of the other Loan Documents to which it is a party do rank and Notes will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Pg Energy Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this Credit Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness for Borrowed Money of the Borrower, except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted LiensEncumbrances.

Appears in 1 contract

Samples: Credit Agreement (Education Management Corporation)

Senior Debt Status. The Obligations of the each Borrower under this Agreement Agreement, the Notes, and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, such Borrower except Indebtedness of the such Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the any Borrower or any Restricted Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Professional Detailing Inc)

Senior Debt Status. The Obligations obligations of the Borrower ------------------ under this Agreement and each of the other Loan Documents to which it is a party do rank and Notes will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other The obligations of any Person each other Loan Party under a Subsidiary Guaranty executed by it will rank at least pari passu in priority of payment with all other Indebtedness of such Loan Party except for Indebtedness of such Loan Party to the extent secured by Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

Senior Debt Status. The Obligations obligations of the Borrower under this ------------------ Agreement and each of the other Loan Documents to which it is a party Notes do rank and will rank at least pari passu in priority of ---- ----- payment with all other Indebtedness indebtedness of the Borrower, Borrower except Indebtedness indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Dover Downs Entertainment Inc)

Senior Debt Status. The Obligations of the Borrower under this Agreement Agreement, the Notes and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the Borrower, Borrower except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Excelsior Lasalle Property Fund Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this Agreement and each the Notes and the obligations of the other Loan Documents to which it is a party Subsidiaries of Borrower under the Guaranties do rank and will rank at least pari passu in priority of payment with all other Indebtedness of the BorrowerBorrower or such Subsidiaries, as the case may be, except Indebtedness of the Borrower to the extent secured by Permitted Liens. There is no Lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted Liens.of

Appears in 1 contract

Samples: Credit Agreement (Mariner Health Group Inc)

Senior Debt Status. The Obligations obligations of the Borrower under this Credit Agreement and each of the other Loan Documents to which it is a party do rank and will rank at least pari passu in priority of payment with all other Indebtedness for Borrowed Money of the Borrower, Borrower except Indebtedness for Borrowed Money of the Borrower to the extent secured by Permitted Liens. There is no Lien lien upon or with respect to any of the properties or income of the Borrower or any Subsidiary of the Borrower which secures indebtedness or other obligations of any Person except for Permitted LiensEncumbrances.

Appears in 1 contract

Samples: Credit Agreement (Education Management Corporation)

Time is Money Join Law Insider Premium to draft better contracts faster.