Common use of Senior Debt Status Clause in Contracts

Senior Debt Status. The Obligations of the Loan Parties under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt of such Loan Party and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debt” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Senior Debt Status. The Obligations of the Loan Parties each Credit Party and each Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt subordinated Indebtedness and all senior unsecured Indebtedness of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debtsenior indebtedness” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinated Indebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations of the each Loan Parties Party and each Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt subordinated Indebtedness and all senior unsecured Indebtedness of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debtsenior indebtedness” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinated Indebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations of the Loan Parties under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt of such Loan Party and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “"Senior Debt” " (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debt.

Senior Debt Status. The Obligations of the Loan Parties Borrowers and their ------------------ Subsidiaries under this Agreement Agreement, the Notes and each of the other Loan Documents ranks Document to which each such Person is a party do rank and shall continue to will rank at least (a) senior in priority of payment to all Subordinated Debt and all senior unsecured Debt of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is hereby designated as “"Senior Debt” (or the analogous term used in any document evidencing any such Subordinated Debt ) Indebtedness" under all instruments and documents, now or in the future, relating to all Subordinated DebtDebt and all senior unsecured Debt of each such Person.

Senior Debt Status. The Obligations of the each Loan Parties Party and each Restricted Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt subordinated Indebtedness and all senior unsecured Indebtedness of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debtsenior indebtedness” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinated Indebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations of the Loan Parties each Credit Party and each Restricted Subsidiary under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debt” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated DebtDebt of such Person; provided, that it is understood and agreed that the obligations under the Secured Closing Date Bilateral Facilities and Secured Bilateral Letter of Credit Facilities are and shall continue to rank pari passu with the Obligations.

Senior Debt Status. The Obligations of the each Loan Parties Party under this Agreement and each of the other Loan Documents ranks rank and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt subordinated Indebtedness and all senior unsecured Indebtedness of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debtsenior indebtedness” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinated Indebtedness and all senior unsecured Indebtedness of such Person.

Senior Debt Status. The Obligations of the each Loan Parties Party under this Agreement and each of the other Loan Documents Document ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt of such Loan Party and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debt” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinate Indebtedness.

Senior Debt Status. The Obligations of the Loan Parties Borrowers and their Subsidiaries under this Agreement Agreement, the Notes and each of the other Loan Documents ranks Document to which each such Person is a party (i) do rank and shall continue to will rank at least (a) senior in priority of payment to all Subordinated Debt and all senior unsecured Debt of each such Loan Party Person and (bii) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is hereby designated as “"Senior Debt” (Indebtedness" or the analogous term used in any document evidencing any such Subordinated Debt ) "Designated Senior Indebtedness", as applicable, under all instruments and documents, now or in the future, relating to all Subordinated DebtDebt and all senior unsecured Debt of each such Person.

Senior Debt Status. The Obligations of the each Loan Parties Party and each Restricted Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least (a) senior in priority of payment to all Subordinated Debt subordinated Indebtedness of each such Loan Party Person and (b) pari passu in right of payment to the Senior Unsecured Notes of such Loan Party and, in the case of the Subordinated Debt is designated as “Senior Debtsenior indebtedness” (or the analogous term used in any document evidencing any such Subordinated Debt ) under all instruments and documents, now or in the future, relating to all Subordinated Debtsubordinated Indebtedness of such Person.