Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreement, to the Subordinated Indebtedness.
Appears in 11 contracts
Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure Ensure that the Obligations shall, at all times times, rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties Borrower and (b) prior in right each of payment, to the extent set forth in the applicable subordination agreement, to the Subordinated Indebtednessits Subsidiaries.
Appears in 4 contracts
Samples: Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/)
Senior Debt. The Obligations shall, and the Credit Parties Obligors shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu prior in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of paymentsecurity, to the extent set forth in the applicable subordination agreementSubordinated Debt Documents, to the Subordinated IndebtednessDebt.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (Parametric Sound Corp), Credit Agreement (Parametric Sound Corp)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the any applicable subordination agreement, to the any Subordinated Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (TRC Companies Inc /De/), Credit Agreement (TRC Companies Inc /De/)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreement, to the Subordinated Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Kona Grill Inc), Credit Agreement (Kona Grill Inc)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreement, to the any Subordinated Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (TopBuild Corp), Credit Agreement (TopBuild Corp)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the any applicable subordination agreement, 77 to the any Subordinated Indebtedness.
Appears in 1 contract
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured unsecured Indebtedness of the Credit Parties Borrower and (b) prior in right of payment, to the extent set forth in the applicable subordination agreement, to the Subordinated Indebtednesseach Subsidiary Guarantor.
Appears in 1 contract
Samples: Credit Agreement (American Medical Systems Holdings Inc)
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreement, to the any Subordinated Indebtedness.
Appears in 1 contract
Senior Debt. The Obligations shall, and the Credit Parties shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreementSubordination Agreement, to the Subordinated IndebtednessDebt.
Appears in 1 contract
Senior Debt. The Obligations shall, and the Credit Parties Obligors shall take all necessary action to ensure that the Obligations shall, at all times rank (a) at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior Secured Indebtedness of the Credit Parties and (b) prior in right of payment, to the extent set forth in the applicable subordination agreementSubordinated Debt Documents, to the Subordinated IndebtednessDebt.
Appears in 1 contract
