Senior Debt Status. As of the Closing Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.02.
Appears in 4 contracts
Samples: Credit Agreement (Natural Resource Partners Lp), Second Amendment to Third Amended and Restated Credit Agreement, Credit Agreement
Senior Debt Status. As of From and after the Closing Date, all Indebtedness Obligations ------------------ outstanding under the Loan Documents constitutes will constitute senior Indebtedness of the Borrower and ranks will rank at least pari passu in priority of payment with all other Indebtedness owed by the BorrowerBorrower from time to time, except other Indebtedness of to the Borrower which may be extent secured by Permitted Encumbrances permitted pursuant to Section 6.02Liens.
Appears in 4 contracts
Samples: Credit Agreement (Mastech Corp), Credit Agreement (Lsi Industries Inc), Credit Agreement (Respironics Inc)
Senior Debt Status. As of the Closing Effective Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.02.
Appears in 3 contracts
Samples: Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp)
Senior Debt Status. As of the Closing Effective Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances Liens permitted pursuant to Section 6.026.02 hereof.
Appears in 2 contracts
Samples: Credit Agreement (Hiland Partners, LP), Credit Agreement (Hiland Partners, LP)
Senior Debt Status. As of the Fifth Amendment Closing Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.02.
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Senior Debt Status. As of the Closing Effective Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances Liens permitted pursuant to Section 6.026.02 hereof.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Hiland Holdings GP, LP)
Senior Debt Status. As of On the Closing DateDate and on the date of each ------------------ Disbursement and the issuance of each Letter of Credit, all Bank Indebtedness outstanding under the Loan Documents constitutes will constitute senior Indebtedness of the Borrower and ranks will rank at least pari passu in priority of payment with all other ---- ----- Indebtedness owed by the BorrowerBorrower from time to time, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.025.2.
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Samples: Credit Agreement (Penn Virginia Resource Partners L P)
Senior Debt Status. As of the Closing Date, all Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.02.. --54-
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Senior Debt Status. As of the Closing Date, all All Indebtedness outstanding under the Loan Documents constitutes senior Indebtedness of the Borrower and ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower, except Indebtedness of the Borrower which may be secured by Permitted Encumbrances permitted pursuant to Section 6.02.
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