Common use of Senior Liabilities Clause in Contracts

Senior Liabilities. The term "SENIOR LIABILITIES" means all Liabilities of the Obligors to the Bank and/or to any of the Affiliates including, without limitation, any and all interest accruing on Senior Liabilities after the commencement of any proceedings referred to in paragraph B.5. hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Obligors and/or anyone else, to collect such interest. For purposes of this Agreement, Senior Liabilities shall include all Liabilities of the Obligors to the Bank, notwithstanding any right or power of any of the Obligors and/or anyone else to assert any claim or defense as to the invalidity or unenforceability of any such Senior Liabilities.

Senior Liabilities. The term "SENIOR term"SENIOR LIABILITIES" means all Liabilities of the Obligors to the Bank and/or to any of the Affiliates including, without limitation, any and all interest accruing on Senior Liabilities after the commencement of any proceedings referred to in paragraph B.5. hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Obligors and/or anyone else, to collect such interest. For purposes of this Agreement, Senior Liabilities shall include all Liabilities of the Obligors to the Bank, notwithstanding any right or power of any of the Obligors and/or anyone else to assert any claim or defense as to the invalidity or unenforceability of any such Senior Liabilities.

Senior Liabilities. The term "SENIOR LIABILITIES" means all Liabilities of the Obligors to the Bank and/or to any of the Affiliates including, without limitation, any and all interest accruing on Senior Liabilities after the commencement of any proceedings referred to in paragraph Paragraph B.5. hereof, notwithstanding any provision or rule of law which might restrict the rights of the Bank, as against the Obligors and/or anyone else, to collect such interest. For purposes of this Agreement, Senior Liabilities shall include all Liabilities of the Obligors to the Bank, notwithstanding any right or power of any of the Obligors and/or anyone else to assert any claim or defense as to the invalidity or unenforceability of any such Senior Liabilities.