Common use of Indebtedness of a Subsidiary Clause in Contracts

Indebtedness of a Subsidiary. of Borrower owed to Borrower or a wholly owned Subsidiary of the Borrower or Indebtedness of Borrower owed to a Subsidiary of Borrower, which Indebtedness shall (i) in the case of Indebtedness owed to Borrower or a Guarantor, be pledged under the Security Agreement, (ii) be on terms (including subordination terms) reasonably acceptable to the Agent, and (iii) be otherwise permitted under the provisions of Section 7.10;

Indebtedness of a Subsidiary. of the Borrower owed to the Borrower or a wholly wholly-owned Subsidiary of the Borrower or Indebtedness of Borrower owed to a Subsidiary of Borrower, which Indebtedness shall (i) in the case of Indebtedness owed to Borrower or a Guarantor, be pledged constitute “Pledged Debt” under the Security Pledge Agreement, (ii) be subordinated in right of payment to the indefeasible payment in full of Indebtedness under the Subsidiary Guarantees on terms (including subordination terms) reasonably acceptable no less favorable to the AgentSecured Parties than the terms set forth in Exhibit S-2, and (iii) be otherwise permitted under the provisions of Section 7.1010.05;

Indebtedness of a Subsidiary. of the Borrower owed to the Borrower or a wholly owned Subsidiary of the Borrower or Indebtedness of Borrower owed to a Subsidiary of Borrower, which Indebtedness shall (i) in the case of Indebtedness owed to Borrower or a GuarantorLoan Party, be pledged constitute “Pledged Collateral” under the Security Agreement, (ii) be on terms (including subordination terms) reasonably acceptable to the Agent, Required Lenders and (iii) be otherwise permitted under the provisions of Section 7.10;7.03; -55-

Indebtedness of a Subsidiary. of Borrower owed to Borrower or a wholly owned Subsidiary of the Borrower or Indebtedness of the Borrower owed to the Borrower or a Wholly Owned Subsidiary of the Borrower, which Indebtedness shall (i) in the case of Indebtedness owed to Borrower or a GuarantorLoan Party by a Subsidiary that is not a Loan Party, be pledged under evidenced by a promissory note and be delivered to the Administrative Agent as Collateral in accordance with the Security Agreement, (ii) be on terms (including subordination terms) reasonably acceptable to the Agent, Administrative Agent and (iii) be otherwise permitted under the provisions of Section 7.107.03;

Indebtedness of a Subsidiary. of the Borrower owed to the Borrower or a wholly wholly-owned Subsidiary of the Borrower or Indebtedness of Borrower owed to a Subsidiary of Borrower, which Indebtedness shall (i) in the case of Indebtedness owed to Borrower or a GuarantorLoan Party, be pledged constitute “Pledged Debt” under the Security Agreement, (ii) be on terms (terms, including subordination terms) terms as set forth on Annex I to Schedule 7.03, or on other terms reasonably acceptable to the Agent, Paying Agent and (iii) be otherwise permitted under the provisions of Section 7.107.03;