Priority of Obligations. The payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Borrower.
Appears in 5 contracts
Samples: Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC)
Priority of Obligations. The Borrower shall ensure that its payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all of its other unsecured and unsubordinated Indebtedness of the BorrowerIndebtedness.
Appears in 4 contracts
Samples: Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC)
Priority of Obligations. The payment obligations of the Borrower under this Agreement and the Loans will at all times Loan Documents rank at least pari passu, without preference or priority, passu with all other unsecured secured and unsubordinated Indebtedness indebtedness of the Borrower.
Appears in 1 contract
Samples: Credit Agreement (Loews Cineplex Entertainment Corp)
Priority of Obligations. The Borrower will ensure that its payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness Debt of the Borrower, except for any such Debt preferred by operation of law.
Appears in 1 contract
