Common use of Priority of Obligations Clause in Contracts

Priority of Obligations. The Obligations constitute unsubordinated obligations of the Obligors, and except for any obligations which have priority under applicable Law, rank at least pari passu in right of payment with all other unsubordinated Indebtedness of the Obligors.

Appears in 10 contracts

Samples: Credit Agreement and Guaranty (BioXcel Therapeutics, Inc.), Credit Agreement (Tpi Composites, Inc), Credit Agreement (Fractyl Health, Inc.)

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Priority of Obligations. The Obligations constitute unconditional and unsubordinated general obligations of the Obligors, Borrower and except for any obligations which have priority under applicable Law, rank at least pari passu in right priority of payment with all other unsecured and unsubordinated Indebtedness of the ObligorsBorrower.

Appears in 4 contracts

Samples: Credit Agreement (PCT LLC), Credit Agreement (Pampa Energy Inc.), www.sec.gov

Priority of Obligations. The Obligations constitute unsubordinated obligations of the Obligors, and except for any obligations which have priority under applicable Law, rank at least pari passu in right of payment with all other unsubordinated Indebtedness of the Obligors.. -71- 4882-5123-79004861-6868-3896 v.123

Appears in 1 contract

Samples: Credit Agreement (Impel Pharmaceuticals Inc)

Priority of Obligations. The Obligations constitute unsubordinated obligations of the Obligors, and except for any obligations which have priority under applicable Law, rank at least pari passu in right of payment with all other unsubordinated Indebtedness of the Obligors.. 7.23

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Verona Pharma PLC)

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Priority of Obligations. The Unless otherwise permitted under the terms of the Loan Documents, the Obligations constitute unsubordinated obligations of the Obligors, and except for any obligations which have priority under applicable Law, rank at least pari passu in right of payment with all other unsubordinated Indebtedness of the Obligors.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Establishment Labs Holdings Inc.)

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