Pari Passu. All Incremental Term Loans shall be guaranteed and secured on a pari passu basis with the existing Revolving Credit Facility, the existing Term Facility and any existing Incremental Term Facility.
Pari Passu. All increases to the Revolving Credit Commitment shall be guaranteed and secured on a pari passu basis with the existing Revolving Credit Facility, the existing Term Facility and any existing Incremental Term Facility.
provided that the term “Permitted Property Encumbrances” shall not include any Lien securing Indebtedness.
provided that the term “Permitted Property Encumbrances” shall not include any Lien securing Indebtedness.
Pari Passu Treatment. In addition to the Events of Default specified in [Section 5(a)] of this Agreement, it shall be an Event of Default under this Agreement with respect to Party B as the Defaulting Party if # the obligations and liabilities of Party B hereunder are not secured to the same extent as the loans or advances under the Loan Agreement; or # the obligations and liabilities of Party B hereunder fail to be equal in right and priority of payment with the obligations of Party B under any Specified Indebtedness of Party B or any transaction with a third party which would be a Specified Transaction if it had been entered into between Party A and Party B.
Liens pursuant to any Loan Document; and
Pari Passu. All increases to the Revolving Credit Commitment shall be guaranteed and secured on a pari passu basis with the existing Revolving Credit Facility, the existing Term Facility and any existing Incremental Term Facility.
Pari Passu. All Incremental Term Loans shall be guaranteed and secured on a pari passu basis with the existing Revolving Credit Facility, the existing Term Facility and any existing Incremental Term Facility.
Liens pursuant to any Loan Document; and
Pari Passu Participations. Each Participation shall be pari passu and shall be of equal priority with each other Participation, and no Participation or portion of any Participation shall have priority or preference over any other Participation or portion thereof or the security therefor, except as may be otherwise expressly provided in Section 5 or otherwise herein.
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