Common use of No Other Senior Debt Clause in Contracts

No Other Senior Debt. The Company (a) has not designated any Indebtedness of the Company or any of its Subsidiaries as, and has no, "Designated Senior Debt" for purposes of (and as defined in) the Subordinated Indenture, other than the Obligations, and (b) has no "Senior Debt" as such term is defined in the Subordinated Indenture other than the Obligations and that set forth on Schedule 7.24 hereto.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Holmes Products Corp), Revolving Credit and Term Loan Agreement (Holmes Products Corp), Revolving Credit and Term Loan Agreement (Holmes Group Inc)

AutoNDA by SimpleDocs

No Other Senior Debt. The Company Holdings (a) has not designated any Indebtedness of the Company or any of its Subsidiaries as, and has no, "Designated Senior Debt" for purposes of (and as defined in) the Senior Subordinated Indenture, other than the Obligations, and (b) has no "Senior Debt" as such term is defined in the Senior Subordinated Indenture other than the Obligations and that set forth on Schedule 7.24 heretoIndebtedness permitted under Section 11.1.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!