Common use of Provisions Solely to Define Relative Rights Clause in Contracts

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior Lien Obligations, any [ ]1 [Senior/Junior]2 Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 6 contracts

Samples: Credit Agreement (Atkore International Group Inc.), Intercreditor Agreement (PharMEDium Healthcare Holdings, Inc.), Credit Agreement (Mauser Group B.V.)

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Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior First Lien Obligations, any [ ]1 [Senior/Junior]2 Original Second Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 6 contracts

Samples: Intercreditor Agreement (Mauser Group B.V.), Credit Agreement (Mauser Group B.V.), Intercreditor Agreement (PharMEDium Healthcare Holdings, Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the Term Loan Obligations, any [ ]1 [Senior/Junior]2 Lien the Initial Junior Priority Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 5 contracts

Samples: Credit Agreement (Envision Healthcare Corp), Credit Agreement (Emergency Medical Services CORP), Credit Agreement (SiteOne Landscape Supply, Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior First Priority Secured Parties, respectivelyon the one hand, and the Second Priority Secured Parties, on the other hand. Nothing None of the Borrower, any other Grantor, any Guarantor or any other creditor thereof shall have any rights or obligations, except as expressly provided in this Agreement is intended to or shall impair Agreement, hereunder and none of the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior Lien ObligationsBorrower, any [ ]1 [Senior/Junior]2 Lien Obligations and other Grantor or any Additional Obligations as and when Guarantor may rely on the same shall become due and payable in accordance with their termsterms hereof.

Appears in 3 contracts

Samples: Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc), Abl Credit Agreement (Community Health Systems Inc)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the Cash Flow Obligations, any [ ]1 [Senior/Junior]2 Lien the Initial Junior Priority Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 3 contracts

Samples: Cash Flow Intercreditor Agreement (Lannett Co Inc), Intercreditor Agreement (Lannett Co Inc), Intercreditor Agreement (Lannett Co Inc)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Collateral Trustee and the First-Lien Secured Parties and for the Junior Priority Secured Parties, respectivelyother express purposes provided herein. Nothing in this Agreement is intended to or shall impair the rights obligations of any Credit Party, or the obligations of any Credit Party which are absolute and unconditional, to pay any Original Senior Lien Obligations, any [ ]1 [Senior/Junior]2 Lien Obligations and any Additional the Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: Collateral Trust and Intercreditor Agreement (Dynegy Inc.), Collateral Trust and Intercreditor Agreement (PPL Energy Supply LLC)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any the Original Senior First Lien Obligations, any [ ]1 [Senior/Junior]2 the Original Second Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: Intercreditor Agreement (Tribune Publishing Co), Credit Agreement (Tribune Publishing Co)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the ABL Obligations, any [ ]1 [Senior/Junior]2 Lien the Initial Junior Priority Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: Credit Agreement (Emergency Medical Services CORP), Intercreditor Agreement (Nci Building Systems Inc)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the Term Obligations, any [ ]1 [Senior/Junior]2 the First Lien Note Obligations, the Second Lien Note Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: Credit Agreement (Hd Supply, Inc.), Cash Flow Intercreditor Agreement (Hd Supply, Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the Cash Flow Obligations, any [ ]1 [Senior/Junior]2 Lien the Initial Junior Priority Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.. Section 7.15

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Building Brands, Inc.)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior February 2019 First Lien Obligations, any [ ]1 [SeniorFirst/Junior]2 Second]2 Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Intercreditor Agreement (Covetrus, Inc.)

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Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior First Lien Obligations, any [ ]1 [SeniorFirst/Junior]2 Second]2 Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Assignment and Assumption (Tribune Media Co)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior July 2012 First Lien Obligations, any [ ]1 [SeniorFirst/Junior]2 Second]2 Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior First Priority Secured Parties, respectivelyon the one hand, and the Second Priority Secured Parties, on the other hand. Nothing None of the Borrower, any other Grantor, any Guarantor or any other creditor thereof Table of Contents shall have any rights or obligations, except as expressly provided in this Agreement is intended to or shall impair Agreement, hereunder and none of the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior Lien ObligationsBorrower, any [ ]1 [Senior/Junior]2 Lien Obligations and other Grantor or any Additional Obligations as and when Guarantor may rely on the same shall become due and payable in accordance with their termsterms hereof.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (Community Health Systems Inc)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party to pay any Original Senior First Lien Obligations, any [ ]1 (1) [SeniorFirst/Junior]2 Second](2) Lien Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lannett Co Inc)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay any Original Senior Lien the Note Obligations, any [ ]1 [Senior/Junior]2 Lien the Initial Junior Priority Obligations and any Additional Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Intercreditor Agreement (Unistrut International Holdings, LLC)

Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior First Priority Secured Parties on the one hand and the Junior Second Priority Secured PartiesParties on the other hand. Except as expressly provided herein, respectivelyPar Piceance shall not have any rights hereunder. Nothing in this Agreement is intended to or shall impair the rights of any Credit Party, or the obligations of any Credit Party Par Piceance, which are absolute and unconditional, to pay any Original Senior Lien Obligations, any [ ]1 [Senior/Junior]2 Lien the First Priority Obligations and any Additional the Second Priority Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Intercreditor Agreement (Par Petroleum Corp/Co)

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