Senior Status. The Indebtedness of each Borrower hereunder ranks pari passu with all other Indebtedness of such Borrower other than Indebtedness secured by Liens permitted under Section 7.01.
Appears in 5 contracts
Samples: Credit Agreement (Sierra Prime Income Fund), Credit Agreement (Sierra Prime Income Fund), Credit Agreement (Sierra Prime Income Fund)
Senior Status. The Except to the extent secured by Liens permitted by ------------- Section 8.01, the Indebtedness of each Borrower hereunder ranks pari passu with all other senior Indebtedness of such Borrower other than Indebtedness secured by Liens permitted under Section 7.01the respective Borrower.
Appears in 1 contract