Common use of Limitation on Other Senior Subordinated Debt Clause in Contracts

Limitation on Other Senior Subordinated Debt. The Company will not incur or suffer to exist Indebtedness that is senior in right of payment to the Securities and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 3 contracts

Samples: Indenture (Color Spot Nurseries Inc), Indenture (Metals Usa Inc), Indenture (Color Spot Nurseries Inc)

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Limitation on Other Senior Subordinated Debt. The Company will not incur not, directly or suffer to exist indirectly, Incur, contingently or otherwise, any Indebtedness that is senior in right of payment to the Securities and both (i) subordinate in right of payment to any other Indebtedness of the CompanyCompany and (ii) senior in right of payment to the Securities.

Appears in 1 contract

Samples: Indenture (Golden Sky Systems Inc)

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