Common use of Superpriority Claims Clause in Contracts

Superpriority Claims. Prior to the Exit Facility Conversion Date, incur, create, assume, suffer to exist or permit any other Superpriority Claim that is pari passu with or senior to the claims of the Agents and the Secured Parties against the Loan Parties except with respect to the Carve-Out.

Appears in 3 contracts

Samples: Revolving Credit Agreement (HMH Holdings (Delaware), Inc.), Credit Agreement (HMH Holdings (Delaware), Inc.), Intellectual Property Security Agreement (HMH Holdings (Delaware), Inc.)

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Superpriority Claims. Prior to the Exit Facility Conversion Date, incur, create, assume, suffer to exist or permit any other Superpriority Claim that is pari passu with or senior to the claims of the Agents and the Secured Parties against the Loan Parties Debtors except with respect to the Carve-OutOut and the superpriority claims granted to the holders of obligations under the DIP Term Loan Agreement (which claims shall be pari passu with the Superpriority Claims).

Appears in 1 contract

Samples: Collateral Access Agreement (Momentive Performance Materials Inc.)

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