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

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

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

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

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

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