Common use of Indebtedness of a Restricted Subsidiary Clause in Contracts

Indebtedness of a Restricted Subsidiary. owing to CGI Borrower or any Restricted Subsidiary; provided that (i) if a Borrower or a Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not a Borrower or a Guarantor, such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor or the other Obligations of such Borrower, as applicable, and (ii) if a Restricted Subsidiary that is not a Credit Party incurs such Indebtedness owing to a Credit Party, such Investment shall be permitted by Section 11.5; provided, further, that any subsequent transfer of any such Indebtedness (except to Holdings, CGI Borrower or any Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (g);

Indebtedness of a Restricted Subsidiary. owing to, or Disqualified Stock of a Restricted Subsidiary issued, to CGI Borrower Holdings, the Borrowers or any another Restricted Subsidiary; provided provided, that (i) if a Borrower or a Guarantor incurs such any Indebtedness owing to a Restricted Subsidiary that is not a Borrower or a Guarantor, such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor or the other Obligations of such Borrower, as applicable, and (ii) if a any Restricted Subsidiary that is not a Credit Party incurs such Indebtedness owing owed to a Credit Party, such Party must otherwise be (1) an Investment shall be permitted hereunder (other than pursuant to clause (xi) of the definition of “Permitted Investment”) or (2) permitted by Section 11.510.5; provided, further, that any subsequent transfer of any such Indebtedness Indebtedness, Disqualified Stock (except to Holdings, CGI Borrower the Borrowers or any another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each case to be an incurrence of such Indebtedness Indebtedness, or issuance of Disqualified Stock, not permitted by this clause (g)clause;

Indebtedness of a Restricted Subsidiary. owing to CGI the Borrower or any Restricted Subsidiary; provided that (ix) if a Borrower or a Guarantor incurs such Indebtedness owing to a Restricted Subsidiary that is not a the Borrower or a Guarantor, such Indebtedness is subordinated in right of payment to the Obligations and to the Guarantee of such Guarantor or as the other Obligations of such Borrower, as applicable, case may be and (iiy) if a Restricted Subsidiary that is not a Credit Party non-Guarantor incurs such Indebtedness owing to a Credit Party, such Investment shall be is permitted by Section 11.510.5; provided, further, that any subsequent transfer of any such Indebtedness (except to Holdings, CGI the Borrower or any another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted LienSubsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (g)clause;