Common use of Designation as Senior Debt Clause in Contracts

Designation as Senior Debt. Holdings shall, and shall cause each of its subsidiaries to, designate all Obligations as “Senior Indebtedness” and “Designated Senior Indebtedness” or as a similar term or designation for purposes of and as defined in, any documentation with respect to any subordinated Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Affinia Group Intermediate Holdings Inc.), Credit Agreement (Affinia Group Intermediate Holdings Inc.), Abl Credit Agreement (Affinia Group Intermediate Holdings Inc.)

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Designation as Senior Debt. Holdings shall, and following the Spin-Off shall cause each of its subsidiaries Subsidiaries to, designate all Obligations as “Senior Indebtedness” and “Designated Senior Indebtedness” or as a similar term or designation for purposes of and as defined in, any documentation with respect to any subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

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Designation as Senior Debt. Designate any Indebtedness (other than Indebtedness under the Loan Documents or Credit Agreement Refinancing Indebtedness) of Holdings shall, and shall cause each or any of its subsidiaries to, designate all Obligations Subsidiaries as “Senior IndebtednessDebtand or “Designated Senior IndebtednessDebt(or as a in each case any similar term or designation for purposes of term) under, and as defined in, the documentation governing any documentation with respect to any subordinated Permitted Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Biote Corp.)

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