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 Restricted Subsidiary to, incur, create, assume, guarantee or in any other manner become directly or indirectly liable with respect to or be responsible for, or permit to remain outstanding, any Indebtedness (other than the Securities) that is subordinate or junior in right of payment to any Senior Indebtedness of the Company, unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Securities pursuant to subordination provisions substantially similar to those set forth in Article 10.

Appears in 2 contracts

Samples: Indenture (Associated Materials Inc), Indenture (Associated Materials Inc)

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Limitation on Other Senior Subordinated Indebtedness. The Except for Redemption Indebtedness, the Company will not, and will not permit any Restricted Subsidiary to, incur, create, assume, guarantee Guarantee or in any other manner become directly or indirectly liable with respect to or be responsible for, or permit to remain outstanding, any Indebtedness (other than the Securities) that is subordinate or junior in right of payment to any Senior Indebtedness of the Company, unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Securities Notes pursuant to subordination provisions substantially similar to those set forth contained in Article 10Section 11 of this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (America Service Group Inc /De)

Limitation on Other Senior Subordinated Indebtedness. The Company will not, and will not permit any Restricted Subsidiary to, incur, create, assume, guarantee or in any other manner become directly or indirectly liable with respect to or be responsible for, or permit to remain outstanding, any Indebtedness (Indebtedness, other than the Securities) , that is expressly subordinate or junior in right of payment to any Senior Indebtedness of the Company, unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the ---- ----- Securities pursuant to subordination provisions substantially similar to those set forth contained in Article 10Thirteen.

Appears in 1 contract

Samples: Indenture (Be Aerospace Inc)

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Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit any Restricted Subsidiary to, incurcreate, createIncur, assume, guarantee Guarantee or in any other manner become directly or indirectly liable with respect to or be responsible for, or permit to remain outstanding, any Indebtedness (other than the Securities) that is subordinate or junior in right of payment to any Senior other Indebtedness of the CompanyCompany or any such Restricted Subsidiary, unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Securities pursuant to subordination provisions substantially similar to those set forth in Article 10Notes, or the relevant Subsidiary Guarantee, as the case may be.

Appears in 1 contract

Samples: Indenture (Wellman North America Inc)

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