Common use of Senior Debt Clause in Contracts

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the Borrower.

Appears in 5 contracts

Samples: Loan Agreement (Gray Television Inc), Loan Agreement (Gray Communications Systems Inc /Ga/), Loan Agreement (Benedek Communications Corp)

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Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the Borrower.

Appears in 4 contracts

Samples: Loan Agreement (American Tower Systems Corp), Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Tower Systems Corp)

Senior Debt. The Obligations are secured by the Security ----------- Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the BorrowerBorrowers.

Appears in 3 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements Agreement and senior in right of payment to all other Indebtedness of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Tv Guide Inc), Loan Agreement (Tv Guide Inc)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in on parity with the Interest Rate Hedge Agreements issued by, the Bank Products with, and the Other Hedging Agreements issued by, a Lender (or its Affiliates) and senior in right of payment to all other subordinated Indebtedness of the Borrower.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Whole Earth Brands, Inc.), Loan Agreement (Whole Earth Brands, Inc.)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in on parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the BorrowerBorrower and the Parent.

Appears in 1 contract

Samples: Credit Agreement (CBD Media LLC)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the Borrowerany Subordinated Debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Firearms Training Systems Inc)

Senior Debt. The Obligations are secured by the Security Documents (prior to a release of the Collateral pursuant to Section 5.11 hereof) and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all any other Indebtedness of the Borrower issued after the Agreement Date that by its terms is subordinated to any Indebtedness of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

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Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the BorrowerBorrower except for Indebtedness secured by Permitted Liens (to the extent such Liens are statutorily senior to the Liens securing the Obligations).

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

Senior Debt. The Obligations are secured by the Security ----------- Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the BorrowerBorrower except for Indebtedness secured by Permitted Liens (to the extent such Liens are statutorily senior to the Liens securing the Obligations).

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

Senior Debt. The Obligations are secured by the Security ----------- Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the Borrower.

Appears in 1 contract

Samples: Parent Loan Agreement (American Tower Corp /Ma/)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements and senior in right of payment to all other Indebtedness of the BorrowerBorrowers which by its terms purports to be subordinated to all senior debt of the Borrowers.

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

Senior Debt. The Obligations are secured by the Security Documents and are intended by the parties hereto to be in parity with the Interest Rate Hedge Agreements which are Loan Documents and senior in right of payment to all Indebtedness of the Borrower or any of its Subsidiaries which by its terms or by separate agreement is subordinate in right of payment to any other Indebtedness of the BorrowerBorrower or any of its Subsidiaries."

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

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