Common use of Certain Subordinated Debt Clause in Contracts

Certain Subordinated Debt. To the extent not previously subordinated, the obligations of the Borrower and its Subsidiaries under the Intercompany Management Agreements existing as of the Amendment Effective Date shall be subordinated to the Credit Obligations and the Guaranty Obligations on terms acceptable to the Lenders in their sole discretion.

Appears in 2 contracts

Samples: Credit Agreement (Province Healthcare Co), Credit Agreement (Province Healthcare Co)

AutoNDA by SimpleDocs

Certain Subordinated Debt. To the extent not previously subordinated, the obligations of the Borrower and its Subsidiaries under the 4-1/2% Subordinated Notes, the 4-1/4% Subordinated Notes and any Intercompany Management Agreements existing as of the Amendment Effective Date shall be subordinated to the Credit Obligations and the Guaranty Obligations on terms acceptable to the Lenders in their sole discretion.

Appears in 1 contract

Samples: Credit Agreement (Province Healthcare Co)

AutoNDA by SimpleDocs

Certain Subordinated Debt. To the extent not previously subordinated, the The obligations of the Borrower and its Subsidiaries under the Professional Services Agreement and the Intercompany Management Agreements existing as of the Amendment Effective Closing Date shall be subordinated to the Credit Obligations and the Guaranty Obligations on terms acceptable to the Lenders in their sole discretion.

Appears in 1 contract

Samples: Credit Agreement (Province Healthcare Co)

Time is Money Join Law Insider Premium to draft better contracts faster.