Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations constitute “Senior Debt”, “Designated Senior Debt” or any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 8 contracts

Samples: Senior Secured Superpriority Debtor in Possession Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp)

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Senior Debt Status. The Secured Obligations constitute “Senior DebtIndebtedness”, “Designated Senior DebtIndebtedness” or any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Debt Indebtedness and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 5 contracts

Samples: Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.)

Senior Debt Status. The Secured Obligations constitute “Senior DebtIndebtedness”, “Designated Senior DebtIndebtedness” or any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Debt Indebtedness and the subordination provisions set forth in each such agreement agreement, if any, are legally valid and enforceable against the parties thereto.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

Senior Debt Status. The Obligations constitute are “Senior Debt”, “Senior Indebtedness”, “Senior Secured Financing” or “Designated Senior Debt” (or any similar designation under comparable term) under, and as defined in in, any agreement governing any senior subordinated or subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties theretoJunior Indebtedness Documents.

Appears in 4 contracts

Samples: Credit Agreement (Knowlton Development Corp Inc), Incremental Amendment to Credit Agreement (Knowlton Development Corp Inc), Incremental Amendment to Credit Agreement (Knowlton Development Parent, Inc.)

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Senior Debt Status. The Obligations shall at all times constitute “Senior Debt”, “Designated Senior Debt” or any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Debt Indebtedness of the Credit Parties and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Peak Resources LP)

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