Limitation on Layered Debt. The Company shall not, and shall not permit any Subsidiary to, incur, directly or indirectly, any Debt that is subordinate or junior in right of payment to any Senior Debt unless such Debt is Senior Subordinated Debt or is expressly subordinated in right of payment to Senior Subordinated Debt.
Appears in 3 contracts
Samples: Master Transaction Agreement (Ion Media Networks Inc.), Master Transaction Agreement (Cig Media LLC), Master Transaction Agreement (Cig Media LLC)
Limitation on Layered Debt. The Company shall not, and shall not permit any Subsidiary to, incurIncur, directly or indirectly, any Debt that is subordinate or junior in right of payment to any Senior Debt unless such Debt is Senior Subordinated Debt or is expressly subordinated in right of payment to Senior constitutes Subordinated DebtObligations.
Appears in 2 contracts
Samples: Third Supplemental Indenture (Celestica Inc), First Supplemental Indenture (Celestica Inc)
Limitation on Layered Debt. The Company shall not, and shall not permit any Subsidiary to, incurIncur, directly or indirectly, any Debt that which is subordinate or junior in right of payment to any Senior Debt unless such Debt is Senior Subordinated Debt or is expressly subordinated in right of payment to Senior Subordinated Debt.. 59 51
Appears in 1 contract
Samples: Indenture (Dii Group Inc)
Limitation on Layered Debt. 4.27.1 The Company shall not, and shall not permit any Subsidiary to, incur, directly or indirectly, nor shall any Debt Subsidiary Incur any Indebtedness that is both subordinate or junior in right of payment to any Senior Debt unless Indebtedness of the Company or such Debt is Senior Subordinated Debt or is expressly subordinated Subsidiary and senior in respect in right of payment to Senior Subordinated Debtany guarantee of the Company or any Subsidiary.
Appears in 1 contract
Samples: Indenture (PT Centralpertiwi Bahari)
