Superpriority Claims. The Borrower will not, and will not permit any of its Restricted Subsidiaries, without the consent of the Administrative Agent, to create or permit to exist any Superpriority Claim other than Superpriority Claims permitted by the DIP Order and the orders approving the “first day” motions in respect of the Chapter 11 Cases; provided, however that such Superpriority Claims shall be subject to the Carve-Out.
Appears in 1 contract
Sources: Senior Secured Superpriority Debtor in Possession Credit Agreement (EP Energy LLC)
Superpriority Claims. The Borrower will not, and nor will not it permit any of its Restricted SubsidiariesSubsidiaries to, without the consent of the Administrative Agent, to create or permit to exist any Superpriority Claim other than Superpriority Claims permitted by the DIP Order and (including the orders approving the “first day” motions in respect of the Chapter 11 Cases; provided, however that such Superpriority Claims shall be subject to the Carve-Carve Out).
Appears in 1 contract
Sources: Junior Secured Debtor in Possession Credit Agreement (California Resources Corp)
Superpriority Claims. The Borrower will not, and will not permit any of its Restricted Subsidiaries, without Without the prior written consent of the Administrative AgentAgent and the Majority Lenders, to the Borrower will not create or permit to exist any Superpriority Claim other than Superpriority Claims permitted by the DIP Order Orders and the orders acceptable to the Administrative Agent approving the “first day” motions in respect of the Chapter 11 Cases; provided, however that such Superpriority Claims shall be subject to the Carve-Out.
Appears in 1 contract
Sources: Dip Credit Agreement