Senior Debt. The Obligations are intended by the parties hereto to be senior in right of payment to any Indebtedness of the Borrower that by its terms is subordinated to any other Indebtedness of the Borrower.
Appears in 14 contracts
Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)
Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be senior in right of payment to any Indebtedness of the Borrower that by its terms is subordinated to any all other Indebtedness of the Borrower.
Appears in 10 contracts
Samples: Loan Agreement (Paging Network Inc), Loan Agreement (Paging Network Inc), Loan Agreement (Metrocall Inc)
Senior Debt. The Obligations are intended by the parties hereto to be senior in right of payment to any Indebtedness of the Borrower Company that by its terms is subordinated to any other Indebtedness of the BorrowerCompany.
Appears in 8 contracts
Samples: Assignment and Assumption (American Tower Corp /Ma/), Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)
Senior Debt. The Obligations of the Borrower hereunder are intended by the parties hereto to be Senior Debt and rank pari passu with all other Senior Debt and senior in right of payment to any Indebtedness of the Borrower that by its terms is subordinated to any other Indebtedness all Subordinated Debt of the Borrower.
Appears in 1 contract
