Common use of Preference Clause in Contracts

Preference. Any payment by Borrower to any Credit Party is held to constitute a preference under bankruptcy laws, or for any reason any Credit Party is required to refund such payment or pay such amount to Borrower or someone else; or

Appears in 5 contracts

Samples: Credit Agreement (Protection One Alarm Monitoring Inc), Revolving Credit Agreement (Horton D R Inc /De/), Revolving Credit Agreement (Horton D R Inc /De/)

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Preference. Any payment by Borrower to any Credit Loan Party is held to constitute a preference under bankruptcy laws, or for any reason any Credit Loan Party is required to refund such payment or pay such amount to Borrower or someone else; or

Appears in 3 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Loan Agreement (Camden Property Trust), Credit Agreement (Trammell Crow Co)

Preference. Any payment by Borrower to any Credit Loan Party is held to constitute a preference under bankruptcy laws, or for any reason any Credit Loan Party is required to refund such payment or pay such amount to Borrower or someone else; or.

Appears in 2 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co)

Preference. Any payment by Borrower any Obligor to any Guaranteed Credit Party is being held to constitute a preference under bankruptcy laws, or for any reason any Guaranteed Credit Party is required to refund such payment or pay such amount to Borrower such Obligor or someone elseanother Person (other than in accordance with the Security Agency Agreement); or

Appears in 2 contracts

Samples: Global Senior Credit Agreement (Prologis), Global Senior Credit Agreement (Prologis)

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Preference. Any payment by Borrower to any Credit Party is held being determined to constitute be a preference under any bankruptcy lawslaw, or for any reason any Credit Party is required to refund such payment or pay such amount to Borrower or someone else; orany other Person.

Appears in 1 contract

Samples: Guaranty Agreement (Prologis, L.P.)

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