Common use of Senior Ranking Clause in Contracts

Senior Ranking. the Borrower shall ensure that its obligations under the Credit Facility, and each Material Subsidiary's obligations under the Loan Documents to which it is a party, rank, in each case, at least pari passu in right of payment with its other most senior indebtedness for borrowed money;

Senior Ranking. the Borrower shall ensure that its obligations under the Credit FacilityFacilities, and each Material Subsidiary's obligations under the Loan Documents to which it is a party, rank, in each case, at least pari passu in right of payment with its other most senior indebtedness for borrowed money;

Senior Ranking. the Borrower shall ensure that its obligations under the Credit Facility, and each Material Subsidiary's ’s obligations under the Loan Documents to which it is a party, rank, in each case, at least pari passu in right of payment with its other most senior indebtedness for borrowed money;