Common use of Status of Loans as Senior Debt Clause in Contracts

Status of Loans as Senior Debt. All Debt of the Borrower to the Banks and the Agent in respect of the Loans constitutes "Senior Debt" or "Senior Indebtedness" (or the analogous term used therein) under the terms of the Xxxxxxx Subordinated Notes or of any other instrument evidencing or pursuant to which there is issued indebtedness which purports to be Subordinate Debt of the Borrower.

Status of Loans as Senior Debt. All Debt Obligations of each of the Borrower and its Subsidiaries to the Banks and the Agent in respect of the Revolving Credit Loans constitutes "Senior Debt" or and the Reimbursement Obligations constitute "Senior Indebtedness" (or the analogous term terms used therein) under the terms of the Xxxxxxx Subordinated Notes or of any other instrument evidencing or pursuant to which there is issued indebtedness Indebtedness which purports to be Subordinate Subordinated Debt of the Borrowerany Borrower or any Subsidiary.

Status of Loans as Senior Debt. All Debt Obligations of each of the Borrower and its Subsidiaries to the Banks and the Agent in respect of the Revolving Credit Loans constitutes "Senior Debt" or and the Reimbursement Obligations constitute "Senior Indebtedness" (or the analogous term terms used therein) under the terms of each of the Xxxxxxx Subordinated Notes Debt Documents or of any other instrument evidencing or pursuant to which there is issued indebtedness Indebtedness which purports to be Subordinate Subordinated Debt of the Borrowerany Borrower or any Subsidiary.

Status of Loans as Senior Debt. All Debt of the Borrower to the Banks and the Agent in respect of the Loans constitutes "Senior Debt" or "Senior Indebtedness" (or the analogous term used therein) under the terms of the Xxxxxxx Monfort Subordinated Notes Xxxxs or of any other instrument evidencing or pursuant to which there is issued indebtedness which purports to be Subordinate Debt of the Borrower.

Status of Loans as Senior Debt. All Debt Indebtedness of each of the Borrower ------------------------------ Borrowers and their Non-Excluded Subsidiaries to the Banks Lenders and the Agent Agents in respect of the Loans Loans, the Reimbursement Obligations and the Foreign Reimbursement Obligations constitutes "Senior DebtIndebtedness" or "Senior IndebtednessDebt" (or the analogous term used therein) under the terms of each of the Xxxxxxx Subordinated Notes Debt Documents or of any other instrument evidencing or pursuant to which there is issued indebtedness which purports to be Subordinate Debt of the Borrower.is