Waiver of any Priming Rights. Upon the Closing Date, and on behalf of themselves and their estates, and for so long as any Obligations shall be outstanding, the Borrower and each other Credit Party hereby irrevocably waives any right, pursuant to Sections 364(c), 364(d) or 506(c) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.
Appears in 3 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement (Blockbuster Inc), Revolving Credit Agreement
Waiver of any Priming Rights. Upon the Closing Effective Date, and on behalf of themselves and their estates, and for so long as any Obligations Obligation shall be outstanding, the Borrower and each other Credit Party hereby irrevocably waives any right, pursuant to Sections 364(c), ) and 364(d) or 506(c) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, Obligations or to approve a claim of equal or greater priority than the Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Wellman Inc), Credit Agreement (BMC Industries Inc/Mn/)
Waiver of any Priming Rights. Upon the Closing Date, and on behalf of themselves itself and their its estates, and for so long as any Obligations shall be outstanding, the Borrower and each other Credit Party Loan Parties hereby irrevocably waives waive any right, pursuant to Sections 364(c), 364(d) or 506(c364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens Lien securing the Obligations, or to approve a claim of equal or greater priority than the ObligationsObligations except as provided in Section 4.18.
Appears in 2 contracts
Samples: Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Pliant Corp), Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Greenville Tube CO)
Waiver of any Priming Rights. Upon the Closing Date, and on behalf of themselves and their estates, and for so long as any Obligations shall be outstanding, the Borrower and each other Credit Party Parties hereby irrevocably waives any right, pursuant to Sections 364(c), 364(d) or 506(c364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations, except as expressly permitted under the Interim DIP Order or the Final DIP Order.
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Waiver of any Priming Rights. Upon the Closing Date, and on behalf of themselves itself and their estatesits estate, and for so long as any Obligations shall be outstanding, the Borrower and each other Credit Loan Party hereby irrevocably waives any right, pursuant to Sections 364(c), 364(d) or 506(c364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations, other than as set forth in a Financing Order or as expressly permitted under this Agreement.
Appears in 1 contract
Samples: Debtor in Possession Credit Agreement (McClatchy Co)
Waiver of any Priming Rights. Upon the Closing Date, and on behalf of themselves itself and their estatesits estate, and for so long as any Obligations shall be outstanding, the Borrower and each other Credit Party hereby irrevocably waives any right, pursuant to Sections 364(c), 364(d) or 506(c364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, or to approve a claim of equal or greater priority than the ObligationsObligations (other than the Carve-Out).
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