Status of Loans. Such Borrower’s obligation in connection with the repayment of any Loans made to it hereunder shall at all times constitute its unconditional Debt and will rank at least pari passu in priority of payment with all of such Borrower’s other present and future unsecured and unsubordinated Debt.
Status of Loans. The Borrower's obligation in connection with the repayment of any Loans made to it hereunder shall at all times rank at least pari passu in priority of payment with all of its other present and future unsecured and unsubordinated Indebtedness.
Status of Loans. 20 5.19. Prospectus...........................................................20 5.20.
Status of Loans. The Fund's obligation in connection with the repayment of any Loans made to it hereunder shall at all times constitute its unconditional Indebtedness and will rank at least pari passu in priority of payment with all of its other present and future unsecured and unsubordinated Indebtedness.
Status of Loans. The obligations of the Borrower in respect of the Loans constitute senior, unsubordinated, unsecured, direct obligations of the Borrower and rank pari passu with the Borrower’s other senior, unsubordinated, unsecured obligations.
Status of Loans. 23 4.14 ERISA...............................................................................23 4.15 Taxes...............................................................................24 4.16
Status of Loans. Each of the Loans ranks pari passu with each other Loan, regardless of the date of lending or other characteristic, and any prepayment with respect to the Loans will be applied to the Loans based on the amount outstanding on each Loan at the time of such payment. To the extent a Lender receives payments or setoffs in excess of the amount payable to such Lender pursuant to this Section 3.3(d), such Lender shall cooperate with Agent as reasonably requested by Agent to result in the payment to each Lender of its applicable portion of the overpayment based on the relative amount outstanding on each Loan. Notwithstanding this Section 3.3(d) to the contrary, if a Lender has agreed in writing to receive less than its pro-rata share of any prepayment, the other Lenders have no obligation to reallocate any payments they receive pursuant to such prepayment to the Lender waiving such pro-rata receipt.
Status of Loans. The Secured Obligations are hereby designated as [“Designated Senior Debt”] for purposes of the [Subordinated Notes Indenture]. In the event that the Borrower or any other Loan Party shall at any time issue or have outstanding any other Subordinated Indebtedness, the Borrower shall take or cause such other Loan Party to take all such actions as shall be necessary to cause the Secured Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Indebtedness and to enable the Lender to have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness. Without limiting the foregoing, the Secured Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” and words of similar import under and in respect of any indenture or other agreement or instrument under which such other Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Subordinated Indebtedness in order that the Lender may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness (however denominated) under the terms of such Subordinated Indebtedness.
Status of Loans. The obligations of the Borrower under this Agreement to pay the principal of and interest on the Loans and any and all other amounts due hereunder constitute direct, unconditional and general obligations of the Borrower and do rank and will rank at least pari passu in priority of payment and in all other respects with all other unsecured Debt of the Borrower now existing.
Status of Loans. All Loans incurred pursuant to this Section 2.14 shall constitute “Loans” and shall be subject to identical treatment under this Agreement and the other Loan Documents (including as to maturity, interest, security, repayment, prepayment and voting rights) and shall possess the same attributes as all other Loans made prior thereto and all Loans to be made thereafter. For the avoidance of doubt, the Security Interests granted pursuant to the Security Documents shall secure all Loans incurred pursuant to this Section 2.14 on a pari passu basis with all Loans made prior thereto and all Loans to be made thereafter.
