Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated to the Liabilities owed by the Debtors to the Senior Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Sappi LTD), Intercreditor Agreement (Sappi LTD)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated in accordance with the terms of this Agreement to the Liabilities owed by the Debtors to the Senior Primary Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Global Ship Lease, Inc.), Intercreditor Agreement (Global Ship Lease, Inc.)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are postponed and subordinated to the Pari Passu Liabilities owed by the Debtors to the Senior Pari Passu Creditors.
Appears in 2 contracts
Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)
Intra-Group Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities are are, subject to the terms of this Agreement, postponed and subordinated to the Liabilities owed by the Debtors to the Senior CreditorsPari Passu Creditors and the 2029 Notes Creditors in respect of the Second Ranking 2029 Notes Liabilities.
Appears in 1 contract
