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

Limitation on Other Senior Subordinated Indebtedness. The Company will not, and will not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of any Guarantor, as the case may be, unless such Indebtedness is either (a) pari passu in right of payment with the Notes or such Guarantor's Guarantee, as the case may be or (b) subordinate in right of payment to the Notes, or such Guarantor's Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes are subordinate to Senior Indebtedness or such Guarantor's Guarantee is subordinate to such Guarantor's Senior Indebtedness, as the case may be.

Appears in 4 contracts

Samples: Indenture (Kindercare Learning Centers Inc /De), Indenture (KCLC Acquisition Corp), Indenture (Randalls Food Markets Inc)

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Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of any Guarantor, as the case may be, unless such Indebtedness is either (a) pari passu in right of payment with the Notes or such Guarantor's Guarantee, as the case may be or (b) subordinate in right of payment to the Notes, or such Guarantor's Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes are subordinate to Senior Indebtedness or such Guarantor's Guarantee is subordinate to such Guarantor's Senior Indebtedness, as the case may be.

Appears in 3 contracts

Samples: Indenture (Boyds Collection LTD), Indenture (NXS I LLC), Amphenol Corp /De/

Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of any Guarantor, as the case may be, unless such Indebtedness is either (a) pari passu in right of payment with the Notes or such Guarantor's ’s Guarantee, as the case may be or (b) subordinate in right of payment to the Notes, or such Guarantor's ’s Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes are subordinate to Senior Indebtedness or such Guarantor's ’s Guarantee is subordinate to such Guarantor's ’s Senior Indebtedness, as the case may be.

Appears in 2 contracts

Samples: Registration Rights Agreement (Alliance Imaging Inc /De/), Registration Rights Agreement (Alliance Imaging Inc /De/)

Limitation on Other Senior Subordinated Indebtedness. The Neither the Company will not, and will not permit nor any Guarantor toshall create, directly incur, assume, guarantee or indirectly, incur in any other manner become liable with respect to any Indebtedness (including Acquired Indebtednessother than the Notes and the Note Guarantees) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of any such Guarantor, as the case may be, unless such Indebtedness is either (ai) pari passu in right of payment with the Notes or such Guarantor's Note Guarantee, as the case may be be, or (bii) subordinate in right of payment to the Notes, Notes or such Guarantor's Note Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes are subordinate subordinated to Senior Indebtedness or as such Guarantor's Note Guarantee is subordinate subordinated to such Guarantor's Guarantor Senior Indebtedness, as the case may be.. ARTICLE ELEVEN

Appears in 1 contract

Samples: Gsi Group Inc

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Limitation on Other Senior Subordinated Indebtedness. The Neither the Company will not, and will not permit nor any Guarantor towill create, directly incur, assume, guarantee or indirectly, incur in any other manner become liable with respect to any Indebtedness (including Acquired Indebtednessother than the Securities and the Guarantees) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of any such Guarantor, as the case may be, unless such Indebtedness is either (ai) pari passu in right of payment with the Notes Securities or such Guarantor's Guarantee, as the case may be be, or (bii) subordinate in right of payment to the Notes, Securities or such Guarantor's Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes Securities are subordinate subordinated to Senior Indebtedness or as such Guarantor's Guarantee is subordinate subordinated to such Guarantor's Guarantor Senior Indebtedness, as the case may be.

Appears in 1 contract

Samples: Blue Bird Corp

Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Indebtedness of the Company or any Indebtedness of 109 any Guarantor, as the case may be, unless such Indebtedness is either (a) pari passu in right of payment with the Notes or such Guarantor's Guarantee, as the case may be or (b) subordinate in right of payment to the Notes, or such Guarantor's Guarantee, as the case may be, in the same manner and at least to the same extent as the Notes are subordinate to Senior Indebtedness or such Guarantor's Guarantee is subordinate to such Guarantor's Senior Indebtedness, as the case may be.

Appears in 1 contract

Samples: Indenture (Alliance Imaging Inc /De/)

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