Designation of Senior Debt. The Loan Parties will not, nor will they permit any Subsidiary to, permit any Subordinated Indebtedness of such Loan Party or such Subsidiary to fail to be subject to any subordination provisions governing such Subordinated Indebtedness.
Appears in 3 contracts
Samples: Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.)
Designation of Senior Debt. The Loan Parties will not, nor will they permit any Restricted Subsidiary to, permit any Subordinated Indebtedness of such Loan Party or such Restricted Subsidiary to fail to be subject to any subordination provisions governing such Subordinated Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (U.S. Silica Holdings, Inc.), Credit Agreement (U.S. Silica Holdings, Inc.)
Designation of Senior Debt. The Loan Parties will not, nor will they permit any Subsidiary to, permit designate any Subordinated Indebtedness other than the Obligations and the Term Loan Obligations of such Loan Party or such Subsidiary to fail to be subject to as “Senior Debt”, “Senior Indebtedness”, “Designated Senior Indebtedness” or any subordination provisions similar designation under and as defined in any agreement governing such any Subordinated IndebtednessDebt.
Appears in 1 contract
Samples: Abl Loan and Security Agreement (U.S. Silica Holdings, Inc.)
