Common use of Certain Payments and Distributions Clause in Contracts

Certain Payments and Distributions. Nothing contained herein shall prohibit the payment or distribution on account of Notes that is made in the form of equity securities of Obligors, or in the form of debt securities or other evidences of Indebtedness that are subordinated in right of payment to Senior Debt at least to the extent and the same terms as provided for in this Agreement.

Appears in 4 contracts

Samples: Purchase Agreement (Horizon Offshore Inc), Purchase Agreement (Horizon Offshore Inc), Purchase Agreement (Horizon Offshore Inc)

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Certain Payments and Distributions. Nothing contained herein shall prohibit the payment or distribution on account of Notes this Note that is made in the form of equity securities of Obligorsthe Company, or in the form of debt securities or other evidences of Indebtedness that are subordinated in right of payment to the Senior Debt at least to the extent and the same terms as provided for in this AgreementNote.

Appears in 1 contract

Samples: Horizon Offshore Inc

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