Common use of Prior Payment of Guaranteed Obligations Clause in Contracts

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 11 contracts

Samples: Credit Agreement (Xerox Corp), Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (Corning Inc /Ny)

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Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such BorrowerDesignated Subsidiary, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 9 contracts

Samples: Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such any other Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 7 contracts

Samples: Reaffirmation Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 6 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (Corning Inc /Ny), Credit Agreement (International Flavors & Fragrances Inc)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such BorrowerXxxxxxx Xxxxxxxxx, the Company agrees that the Administrative Agent and the Lenders Banks shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding ("Post Petition Interest")) before the Company receives payment of any Subordinated Obligations.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Alliancebernstein Holding L.P.), Revolving Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein Holding L.P.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law bankruptcy law relating to such any other Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Lawbankruptcy law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 4 contracts

Samples: Credit Agreement (LUBRIZOL Corp), Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding ("Post Petition Interest")) before the Company receives payment of any Subordinated Obligations.

Appears in 3 contracts

Samples: Year Credit Agreement (Dentsply International Inc /De/), Credit Agreement (Xerox Corp), Five Year Credit Agreement (York International Corp /De/)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such BorrowerXxxxxxx Xxxxxxxxx, the Company agrees that the Administrative Agent and the Lenders Banks shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Alliancebernstein Holding L.P.), Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein L.P.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law bankruptcy law relating to such any Borrower, the Company Guarantor agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Lawbankruptcy law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Year Credit Agreement (Lubrizol Corp), Year Credit Agreement (Lubrizol Corp)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such the Borrower, the Company Guarantor agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company Guarantor receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Columbia Pipeline Group, Inc.), Credit Agreement (Transcanada Corp)

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Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, the Company agrees that the Administrative Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Post-Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 2 contracts

Samples: Assignment and Assumption (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, each of Holdings and the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before Holdings or the Company receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Credit Agreement (Xerox Corp)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such BorrowerDesignated Subsidiary, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding ("Post Petition Interest")) before the Company receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such Borrower, the Company agrees that the Administrative Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Company receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Assignment and Assumption (American Tower Corp /Ma/)

Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law bankruptcy law relating to such any other Borrower, the Company agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Lawbankruptcy law, whether or not constituting an allowed claim in such proceeding ("Post Petition Interest")) before the Company receives payment of any Subordinated Obligations.

Appears in 1 contract

Samples: Day Credit Agreement (Lubrizol Corp)

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