Common use of Designated Senior Indebtedness Clause in Contracts

Designated Senior Indebtedness. Bank and Borrower agree that the Obligations are intended to be and shall be "Designated Senior Indebtedness" under and as defined in the Indenture.

Appears in 2 contracts

Samples: Loan and Security Agreement (Asyst Technologies Inc /Ca/), Loan and Security Agreement (Asyst Technologies Inc /Ca/)

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Designated Senior Indebtedness. Bank The Borrower and Borrower the Lenders hereby agree that all Obligations of the Obligations are intended Borrower pursuant to be this Agreement and shall be "each other Loan Document constitute Designated Senior Indebtedness" under and Indebtedness (as defined in the Indenture) for purposes of the Indenture. The Borrower furthermore agrees that it shall deliver all notices and take such other action as may be required by the Indenture such that the Obligations of the Borrower under this Agreement shall at all times constitute Designated Senior Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Vintage Petroleum Inc), Credit Agreement (Vintage Petroleum Inc)

Designated Senior Indebtedness. Bank and The Borrower agree that hereby designates the Obligations are intended to be and shall be as "Designated Senior Indebtedness" under and as defined in the IndentureExisting Subordinated Debt Documents.

Appears in 2 contracts

Samples: Credit Agreement (Advance Stores Co Inc), Credit Agreement (Advance Auto Parts Inc)

Designated Senior Indebtedness. Bank Borrower and Borrower agree that each of its Subsidiaries hereby designates its obligations under this Agreement and the Obligations are intended to be and shall be other Credit Documents as "Designated Senior Indebtedness" under for purposes of, and as defined in the Dual Indenture.

Appears in 1 contract

Samples: Credit Agreement (Ensco International Inc)

Designated Senior Indebtedness. Bank The Borrower acknowledges and Borrower agree agrees that the Obligations are intended to be to, and shall be shall, constitute "Designated Senior Indebtedness" under for all purposes of the High Yield Notes and as defined in the Indenture.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hollywood Entertainment Corp)

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Designated Senior Indebtedness. Bank The Borrower acknowledges and Borrower agree agrees that the Obligations are intended to be and shall be constitute "Designated Senior Indebtedness" under for all purposes of the High Yield Notes and as defined in the Indenture.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hollywood Entertainment Corp)

Designated Senior Indebtedness. Bank The Borrowers hereby acknowledge, agree and Borrower agree confirm that the Obligations are intended to be and shall be under this Agreement constitute "Designated Senior Indebtedness" under and as defined in the Indenture.

Appears in 1 contract

Samples: Financing Agreement (Manugistics Group Inc)

Designated Senior Indebtedness. Bank and The Borrower agree that shall maintain the Obligations are intended to be and shall be "as β€œDesignated Senior Indebtedness" ” under and as defined in the Convertible Notes Indenture.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kv Pharmaceutical Co /De/)

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