Common use of No Preference Clause in Contracts

No Preference. No Lender shall have, previous to this Agreement, entered into or shall, subsequent to this Agreement, enter into any arrangement with the Borrower or any other Person, without the prior written consent of the other Lenders, which would have the effect of giving such Lender preference or priority over any other Lender in respect of the indebtedness of the Borrower under this Agreement.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Quebecor Printing Inc), Term Loan and Non Revolving Credit Agreement (Quebecor Printing Inc)

No Preference. No Lender shall have, previous to this Agreement, entered into or shallor, subsequent to this Agreement, enter into any arrangement with the Borrower Borrowers or any other Person, without the prior written consent of the other Lenders, which would have the effect of giving such Lender preference or priority over any other Lender in respect of the indebtedness of the Borrower Borrowers under this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Perkins Papers LTD)