ADDITIONAL JUNIOR INDEBTEDNESS. The Company shall not, and it shall not cause or permit any Subsidiary of the Company to, incur, issue or be obligated on any Additional Junior Indebtedness, either directly or indirectly, by way of guarantee, suretyship or otherwise, other than Additional Junior Indebtedness that, by its terms, is expressly stated to be either junior and subordinate or pari passu in all respects to the Debentures.
Appears in 16 contracts
Samples: Indenture (ACA Capital Holdings Inc), Indenture (James River Group, INC), Indenture (Sterling Financial Corp /Wa/)
ADDITIONAL JUNIOR INDEBTEDNESS. The Company shall not, and it shall not cause or permit any Subsidiary of the Company to, incur, issue or be obligated on any Additional Junior Indebtedness, either directly or indirectly, by way of guarantee, suretyship or otherwise, other than Additional Junior Indebtedness that, by its terms, is expressly stated to be either junior and subordinate or pari passu PARI PASSU in all respects to the Debentures.
Appears in 4 contracts
Samples: Indenture (Donegal Group Inc), Indenture (Fpic Insurance Group Inc), Indenture (Tower Group, Inc.)
ADDITIONAL JUNIOR INDEBTEDNESS. The Company shall not, and it shall not cause or permit any Subsidiary of the Company to, incur, issue or be obligated on any Additional Junior IndebtednessIndebtedness issued after the date hereof, either directly or indirectly, by way of guarantee, suretyship or otherwise, other than Additional Junior Indebtedness that, by its terms, is expressly stated to be either junior and subordinate or pari passu in all respects to the Debentures.
Appears in 3 contracts
Samples: Indenture (American Physicians Capital Inc), Indenture (Fpic Insurance Group Inc), Pxre Group LTD
ADDITIONAL JUNIOR INDEBTEDNESS. The Company shall not, ------------------------------- and it shall not cause or permit any Subsidiary of the Company to, incur, issue or be obligated on any Additional Junior Indebtedness, either directly or indirectly, by way of guarantee, suretyship or otherwise, other than Additional Junior Indebtedness that, by its terms, is expressly stated to be either junior and subordinate or pari passu in all respects to the Debentures.or
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