Common use of Status as Senior Debt Clause in Contracts

Status as Senior Debt. The Loans and other Obligations of the Loan Parties constitute senior Indebtedness of the Loan Parties ranking at least pari passu in right of payment with all other Indebtedness of the Loan Parties.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Global Brass & Copper Holdings, Inc.), Term Loan Credit Agreement (Global Brass & Copper Holdings, Inc.), Credit Agreement (Global Brass & Copper Holdings, Inc.)

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Status as Senior Debt. The Loans and other Obligations of the Loan Parties Borrower constitute senior Indebtedness of the Loan Parties Borrower ranking at least pari passu in right of payment with all other unsecured Indebtedness of the Loan PartiesBorrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Source Interlink Companies Inc), Term Loan Agreement (Source Interlink Companies Inc)

Status as Senior Debt. The Loans and other Obligations of the Loan Parties constitute senior Indebtedness of the Loan Parties ranking at least pari passu in right of payment with all other Indebtedness of the Loan Parties. SECTION 3.24.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Global Brass & Copper Holdings, Inc.)

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Status as Senior Debt. The Loans and other Obligations of the Loan Parties Borrowers constitute senior Indebtedness of the Loan Parties Borrowers ranking at least pari passu in right of payment with all other Indebtedness of the Loan PartiesBorrowers.

Appears in 1 contract

Samples: Joinder Agreement (TMS International Corp.)

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