Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and subordinate in right of payment to any other Indebtedness of the Company.
Appears in 4 contracts
Samples: Fabrene Group Inc, Polymer Group Inc, Airxcel Inc
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any other Indebtedness of the CompanySenior Indebtedness.
Appears in 3 contracts
Samples: Tci Satellite Entertainment Inc, Timber Tech Inc, Tci Satellite Entertainment Inc
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, not (i) directly or indirectly, indirectly Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any other Senior Debt and (ii) permit a Guarantor to, and no Guarantor shall, directly or indirectly Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the CompanyGuarantee of such Guarantor and expressly rank subordinate in right of payment to any Senior Debt of such Guarantor.
Appears in 3 contracts
Samples: Indenture (Tekni Plex Inc), Definitions and Incorporation by Reference (Dolco Packaging Corp /De/), Tekni Plex Inc
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities of any Series and expressly rank subordinate in right of payment to any other Indebtedness of the CompanySenior Indebtedness.
Appears in 2 contracts
Samples: Indenture (Horton D R Inc /De/), HPH Homebuilders 2000 Lp
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities of any Series and expressly rank subordinate in right of payment to any other Indebtedness of the CompanySenior Indebtedness.
Appears in 2 contracts
Samples: Standard Pacific Corp /De/, Standard Pacific Corp /De/
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities Notes and subordinate in right of payment to any other Indebtedness of the Company.
Appears in 1 contract
Samples: St John Knits International Inc
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any other Indebtedness of the Company.
Appears in 1 contract
Limitation on Senior Subordinated Indebtedness. (a) The Company shall not, directly or indirectly, Incur incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any other Indebtedness of the CompanySenior Indebtedness.
Appears in 1 contract
Samples: Fedders North America Inc