Common use of Waiver of any Priming Rights Clause in Contracts

Waiver of any Priming Rights. On and after the Closing Date, and on behalf of themselves and their estates, and for so long as any Obligations shall be outstanding, the Borrower and the Guarantors hereby irrevocably waive any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Senior Secured Priming and Superpriority Debtor in Possession Credit Agreement (Fairway Group Holdings Corp)

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Waiver of any Priming Rights. On and after 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 the Guarantors hereby irrevocably waive waives any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater superior priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater superior priority than the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Molecular Insight Pharmaceuticals, Inc.)

Waiver of any Priming Rights. On and after Upon the Closing Date, and on behalf of themselves and their estates, and for so long as any Obligations shall be outstanding, other than as expressly set forth the Borrower and Interim Order (or the Guarantors Final Order, when applicable), each Debtor hereby irrevocably waive waives any right, right (whether pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, ) to grant or to confer any Lien of equal or greater priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Senior Secured, Super Priority Debtor in Possession and Exit Option Credit Agreement (Linens N Things Inc)

Waiver of any Priming Rights. On and after Upon the Closing Date, and on behalf of themselves itself and their estatesits estate, and for so long as any Obligations Obligation shall be outstanding, the Borrower and the each Guarantors hereby irrevocably waive waives any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens Lien securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Torrent Energy Corp)

Waiver of any Priming Rights. On and after Upon the Closing Date, and for itself and on behalf of themselves and their estatesits estate, and for so long as any Obligations shall be outstanding, the Borrower and the Guarantors hereby irrevocably waive waives any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Credit and Security Agreement (Apex Silver Mines LTD)

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Waiver of any Priming Rights. On and after 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 the Guarantors Obligors hereby irrevocably waive any right, pursuant to Sections sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens Lien securing the Obligations, or to approve a claim of equal or greater priority than the ObligationsObligations except as provided in Section 6.28.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Champion Enterprises Inc)

Waiver of any Priming Rights. On and after Upon the Closing Date, and on behalf of themselves itself and their estatesits estate, and for so long as any Obligations Obligation shall be outstanding, the Borrower and the Guarantors hereby irrevocably waive waives any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Senior Secured, Super Priority Debtor in Possession Credit Agreement (Rancher Energy Corp.)

Waiver of any Priming Rights. On and after 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 the Guarantors Borrowers hereby irrevocably waive any right, pursuant to Sections 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the DIP Liens securing the Obligations, or to approve a claim of equal or greater priority than the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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