Common use of No Priority Claims Clause in Contracts

No Priority Claims. Recco has no liability in respect of any Debt (other than under the Operative Documents), or in respect of any guarantee by Recco of the obligations of another.

Appears in 2 contracts

Sources: Credit Agreement (Onyx Acceptance Corp), Credit Agreement (Onyx Acceptance Corp)

No Priority Claims. Recco has no liability in respect of any Debt (other than under the Operative Documents)unsecured Debt, or in respect of any guarantee by Recco of the obligations of another., under which the lender, creditor or lessor or the Person in whose favor such

Appears in 1 contract

Sources: Funding Agreement (Onyx Acceptance Corp)