STATUS OF THE LOAN. 9.1 The Loan shall rank pari passu with all other ordinary debt of the Borrower, but shall be subordinated in all respects to, and rank after, the Borrower’s obligations under the Guarantee and the Security Documents.
Appears in 7 contracts
Samples: Contribution, Purchase and Sale Agreement, Loan Agreement, Loan Agreement (Seadrill Partners LLC)
STATUS OF THE LOAN. 9.1 The Loan shall rank pari passu with all other ordinary debt of the Borrower, but shall be subordinated in all respects to, and rank after, the Borrower’s obligations under the Guarantee and the Security Documents(as amended).
Appears in 3 contracts
Samples: Loan Agreement (Seadrill Partners LLC), Loan Agreement (Seadrill Partners LLC), Loan Agreement (Seadrill Partners LLC)
STATUS OF THE LOAN. 9.1 The Loan shall rank pari passu with all other ordinary debt of the Borrower, but shall be subordinated in all respects to, and rank after, (i) the Borrower’s obligations under the Guarantee and the Security DocumentsDocuments and (ii) the Borrower’s obligations as a guarantor with respect to the two USD 275,000,000 Amended and Restated Senior Term Loan and Revolving Credit Facility Agreements (and related Amended and Restated Common Terms Agreement), each dated 10 October 2012.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Seadrill Partners LLC)
STATUS OF THE LOAN. 9.1 The Loan shall rank pari passu with all other ordinary debt of the Borrower, but shall be subordinated in all respects to, and rank after, the Borrower’s obligations under the Guarantee and the Security DocumentsGuarantee.
Appears in 1 contract
