Common use of Prior Payment of Guaranteed Obligations Clause in Contracts

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other Obligor, each Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment in cash of all Guaranteed Obligations (including all interest, expenses and fees (including legal fees) accruing after the commencement of any Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Petition Interest”)) before each Guarantor receives payment of any Intercompany Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other ObligorCredit Party, each Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment payment in full in cash of all Guaranteed Obligations (other than contingent indemnification obligations, but including all interest, expenses and fees (including legal fees) accruing after the commencement of any Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Post Petition Interest”)) before each Guarantor receives payment of any Intercompany Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other Obligor, each Initial Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment payment in full in cash of all Guaranteed Obligations (other than contingent indemnification obligations, but including all interest, expenses and fees (including legal fees) accruing after the commencement of any Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Post Petition Interest”)) before each Initial Guarantor receives payment of any Intercompany Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other Obligor, each Guarantor Holdings agrees that the Secured Parties shall be entitled to receive Full Payment payment in full in cash of all Guaranteed Obligations (other than contingent indemnification obligations, but including all interest, expenses and fees (including reasonable legal fees) accruing after the commencement of any Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Post Petition Interest”)) before each Guarantor Holdings receives payment of any Intercompany Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency or Liquidation Proceeding relating to any other ObligorGrantor, each Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment payment in cash full in Cash of all Guaranteed Obligations (including all interest, interest and expenses and fees (including legal fees) accruing after the commencement of any an Insolvency or Liquidation Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Petition Interest”)) before each such Guarantor receives payment of any Intercompany Subordinated Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other Obligor, each Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment in cash of all Guaranteed Obligations (including all interest, expenses and fees (including legal fees) accruing after the commencement of any Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Post Petition Interest”)) before each Guarantor receives payment of any Intercompany Obligations.

Prior Payment of Guaranteed Obligations. In any Insolvency Proceeding relating to any other ObligorLoan Party or Subsidiary Guarantor, each the Guarantor agrees that the Secured Parties shall be entitled to receive Full Payment payment in full in cash of all Guaranteed Obligations (including all interest, interest and expenses and fees (including legal fees) accruing after the commencement of any an Insolvency Proceeding, whether or not constituting an allowed claim in such proceeding (as used in this Section 15, “Post-Petition Interest”"POST PETITION INTEREST")) before each the Guarantor receives payment of any Intercompany Subordinated Obligations.