Common use of Senior Debt Clause in Contracts

Senior Debt. The Borrower will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least pari passu with or senior to, the claims of every unsecured creditor of the Borrower, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least pari passu with or senior to, to the claims of every unsecured creditor of the Borrower, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that (ai) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least pari passu with or senior to, to the claims of every unsecured creditor of the Borrower, and (bii) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that (ai) the claims of the Lenders Lender in respect of the Obligations Loans and the Borrower will, with respect to any Collateral, rank prior to the claims of any other creditor of the Borrower will not be subordinate to, and will in all respects rank at least pari passu with or senior to, respect to the claims Collateral which arise out of every unsecured creditor other Debt of the Borrower, ; and (bii) any Indebtedness Debt of the Borrower that which is subordinated in any manner to the claims of any other secured or unsecured creditor of the Borrower will be subordinated in like manner to such the claims of the LendersLender in respect of the Loans.

Senior Debt. The Borrower Borrowers will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower Credit Parties will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior unsecured creditor of the BorrowerCredit Parties, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior unsecured creditor of the Borrower Credit Parties will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower Borrowers will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower Borrowers will not be subordinate to, and will in all respects rank at least pari passu with or senior to, to the claims of every unsecured creditor of any of the BorrowerBorrowers, and (b) any Indebtedness of any of the Borrower Borrowers that is subordinated in any manner to the claims of any other creditor of any of the Borrower Borrowers will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower Borrowers will at all times ensure that (ai) the claims of the Lenders in respect of the Obligations of the Borrower Borrowers or any of them will not be subordinate to, and will in all respects rank at least pari passu with or senior to, to the claims of every unsecured creditor of the BorrowerBorrowers or any of them, and (bii) any Indebtedness of the any Borrower that is subordinated in any manner to the claims of any other creditor of the any Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower Borrowers will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower Borrowers will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior unsecured creditor of the BorrowerBorrowers, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior unsecured creditor of the Borrower Borrowers will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that that: (a) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior unsecured creditor of the Borrower, ; and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior unsecured creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior secured or unsecured creditor of the Borrower, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior secured or unsecured creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that (a) the claims of the Lenders in respect of the Obligations of the Borrower will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior unsecured creditor of the Borrower, and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior unsecured creditor of the Borrower will be subordinated in like manner to such claims of the Lenders.

Senior Debt. The Borrower will at all times ensure that that: (a) the claims of the Lenders in respect of the Obligations of the Borrower Credit Parties will not be subordinate to, and will in all respects rank at least rank pari passu with or senior towith, the claims of every other senior unsecured creditor of the Borrower, Credit Parties; and (b) any Indebtedness of the Borrower that is subordinated in any manner to the claims of any other senior unsecured creditor of the Borrower Credit Parties will be subordinated in like manner to such claims of the Lenders.