Senior Debt Status. From and after the Closing Date, all Obligations ------------------ outstanding under the Loan Documents will constitute senior Indebtedness of the Borrower and will rank at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to time, except other Indebtedness to the extent secured by Permitted Liens.
Appears in 4 contracts
Samples: Credit Agreement (Lsi Industries Inc), Credit Agreement (Respironics Inc), Credit Agreement (Mastech Corp)
Senior Debt Status. From and after As of the Closing Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensEncumbrances 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. From and after As of the Closing Effective Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensEncumbrances 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. From and after As of the Closing Effective Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensLiens permitted pursuant to Section 6.02 hereof.
Appears in 2 contracts
Samples: Credit Agreement (Hiland Partners, LP), Credit Agreement (Hiland Partners, LP)
Senior Debt Status. From and after As of the Closing Effective Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensLiens permitted pursuant to Section 6.02 hereof.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Hiland Holdings GP, LP)
Senior Debt Status. From and after As of the Closing Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted Liens.Encumbrances permitted pursuant to Section 6.02. --54-
Appears in 1 contract
Senior Debt Status. From and after On the Closing DateDate and on the date of each ------------------ Disbursement and the issuance of each Letter of Credit, all Obligations ------------------ Bank Indebtedness outstanding under the Loan Documents will constitute senior Indebtedness of the Borrower and will rank at least pari passu in priority of payment with all other ---- ----- Indebtedness owed by the Borrower from time to time, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensEncumbrances permitted pursuant to Section 5.2.
Appears in 1 contract
Samples: Credit Agreement (Penn Virginia Resource Partners L P)
Senior Debt Status. From and after the Closing Date, all Obligations ------------------ All Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensEncumbrances permitted pursuant to Section 6.02.
Appears in 1 contract
Senior Debt Status. From and after As of the Fifth Amendment Closing Date, all Obligations ------------------ Indebtedness outstanding under the Loan Documents will constitute constitutes senior Indebtedness of the Borrower and will rank ranks at least pari passu in priority of payment with all other Indebtedness owed by the Borrower from time to timeBorrower, except other Indebtedness to of the extent Borrower which may be secured by Permitted LiensEncumbrances permitted pursuant to Section 6.02.
Appears in 1 contract