Common use of Notes Subordinate to Senior Indebtedness Clause in Contracts

Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors and assigns, covenants and agrees, and each holder of Notes of each series, by his acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subject, to the extent and in the manner herein set forth, in right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.

Notes Subordinate to Senior Indebtedness. The Company, Company for itself, its successors and assigns, covenants and agrees, and each holder Holder of Notes of each seriesissued, whether upon original issue or upon transfer or assignment thereof, by his its acceptance thereof, thereof likewise covenants and agrees, that anything in this Indenture or the payment of principal of and interest on each and all of the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subjectis hereby expressly subordinated, to the extent and in the manner herein hereinafter in this Article set forth, in right of payment to the prior payment in full of all existing and future Senior Indebtedness. The provisions Indebtedness of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisionsCompany.

Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors and assigns, Company covenants and agrees, and each holder Holder of Notes of each seriesa Note, by his acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subjectthat, to the extent and in the manner herein hereinafter set forthforth in this Article XII, the indebtedness represented by the Notes and the payment of the principal of (and premium, if any) and interest on each and all of the Notes and all obligations of the Company under this Indenture are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.

Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors and assigns, Company covenants and agrees, and each holder Holder of Notes of each seriesa Note, by his such Holder's acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subjectthat, to the extent and in the manner herein set forth, forth in Article Fifteen of the Base Indenture the indebtedness represented by the Notes is hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.

Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors and assigns, Company covenants and agrees, and each holder Holder of Notes of each seriesa Note, by his its acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subjectthat, to the extent and in the manner herein hereinafter set forthforth in this Article, the indebtedness represented by the Notes and the payment of the principal of and interest on each and all of the Notes are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.

Notes Subordinate to Senior Indebtedness. The ---------------------------------------- Company, for itself, its successors and assigns, covenants and agrees, and each holder of Notes of each seriesNoteholder, by his its acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subject, to the extent and in the manner herein set forth, in right of payment to the prior payment in full of all Senior Indebtedness. The provisions of this Article are made for the benefit of all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisions.

Notes Subordinate to Senior Indebtedness. The Company, for itself, its successors and assigns, Company ----------------------------------------- covenants and agrees, and each holder Holder of Notes of each seriesa Note, by his acceptance thereof, likewise covenants and agrees, that anything in this Indenture or the Notes of any series notwithstanding, all Notes of every series issued hereunder shall be subordinated and subjectthat, to the extent and in the manner herein hereinafter set forthforth in this Article 10, the Indebtedness represented by the Notes and the payment of the principal of and interest on each and all of the Notes are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. The provisions Indebtedness and senior, in right of this Article are made for the benefit of payment to all holders of Senior Indebtedness, and any such holder may proceed to enforce such provisionsSubordinated Obligations.