Common use of Ranking of Obligations Clause in Contracts

Ranking of Obligations. Ensure that at all times its Obligations under the Loan Documents shall be and constitute unconditional general obligations of the Borrower ranking at least pari passu with all its other unsecured Debt.

Appears in 9 contracts

Samples: Assignment Agreement, Collateral Agreement (Clarksburg Skylark, LLC), Assignment Agreement (Beazer Homes Usa Inc)

AutoNDA by SimpleDocs

Ranking of Obligations. Ensure that at all times its Obligations under the Loan Documents shall be and constitute (i) unconditional general obligations of the Borrower ranking at least pari passu with all its other unsecured DebtDebt and (ii) First Priority Obligations under and as defined in the Intercreditor Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

AutoNDA by SimpleDocs

Ranking of Obligations. Ensure that at all times its Obligations under the Loan Documents shall be and constitute unconditional general obligations of the Borrower such Obligor party thereto ranking at least pari passu with all its other unsecured DebtIndebtedness.

Appears in 1 contract

Samples: Term Loan Agreement (Beazer Homes Usa Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.