Common use of Notes Subordinated to Senior Debt Clause in Contracts

Notes Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Notes, by his acceptance thereof, likewise covenants and agrees, that 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 is hereby expressly subordinate and junior, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Debt.

Notes Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Notes, by his acceptance thereof, likewise covenants and accepting a Note agrees, that the indebtedness represented Indebtedness evidenced by the Notes and the payment of (including the principal of (and premiumof, if any) and interest on each and all the Notes) is subordinated in right of the Notes is hereby expressly subordinate and juniorpayment, to the extent and in the manner hereinafter set forthprovided in this Article 10, in right of payment to the prior payment in full of all Senior DebtDebt (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed).

Notes Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Notes, by his such Holder's acceptance thereof, likewise covenants and agrees, that the indebtedness Indebtedness represented by the Notes and the payment of the principal of (and premium, if any) , and interest (including Liquidated Damages, if any) on each and all of the Notes is hereby expressly subordinate subordinated and junior, to the extent and in the manner hereinafter set forthforth and as set forth in this Section 13.1, in right of payment to the prior payment in full of all Senior Debt.

Notes Subordinated to Senior Debt. The Company Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Notes, by his its acceptance thereof, likewise covenants and agrees, that the indebtedness represented by the Notes and the payment of the principal of (and of, premium, if any) , and interest on each and all of the Notes is hereby expressly subordinate and juniorsubordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior DebtDebt of the Company.