Common use of Debentures Subordinate to Senior Indebtedness Clause in Contracts

Debentures Subordinate to Senior Indebtedness. The Company for itself, its successors and assigns, covenants and agrees, and each Holder of Debentures issued, whether upon original issue or upon transfer or assignment thereof, by its acceptance thereof likewise covenants and agrees, that the payment of principal of and interest on each and all of the Debentures is hereby expressly subordinated, to the extent and in the manner hereinafter in this Article set forth, in right of payment to the prior payment in full of all existing and future Senior Indebtedness of the Company.

Debentures Subordinate to Senior Indebtedness. The Company for itself, its successors and assigns, covenants and agrees, and each Holder of Debentures issued, whether upon original issue or upon transfer or assignment thereof, by its acceptance thereof likewise covenants and agrees, that the payment of principal of and premium, if any and interest on each and all of the Debentures is hereby expressly subordinated, to the extent and in the manner hereinafter in this Article set forth, in right of payment to the prior payment in full of all existing and future Senior Indebtedness of the Company.

Debentures Subordinate to Senior Indebtedness. The Company ---------------------------------------------- Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Debentures issued, whether upon original issue or upon transfer or assignment thereofDebentures, by its his acceptance thereof likewise covenants and agrees, that the payment of principal of all Debentures issued hereunder shall be subordinated and interest on each and all of the Debentures is hereby expressly subordinatedsubject, to the extent and in the manner hereinafter in this Article herein set forth, in right of payment to the prior payment in full of all existing and future Senior Indebtedness of the CompanyIndebtedness.

Debentures Subordinate to Senior Indebtedness. The Company Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Debentures issued, whether upon original issue or upon transfer or assignment thereofDebentures, by its his acceptance thereof likewise covenants and agrees, that the payment of principal of all Debentures issued hereunder shall be subordinated and interest on each and all of the Debentures is hereby expressly subordinatedsubject, to the extent and in the manner hereinafter in this Article herein set forth, in right of payment to the prior payment in full of all existing and future Senior Indebtedness of the CompanyIndebtedness.