Other Subordinated Debt Sample Clauses

Other Subordinated Debt. The Company shall not and shall not permit any of its Subsidiaries to, directly or indirectly, incur, create, or suffer to exist any Debt that by its express terms is subordinate or junior in right of payment (to any extent) to any Debt of the Company or a Guarantor unless, by its terms or by the terms of the instrument creating or evidencing it, such Debt (A) has a maturity and Weighted Average Life to Maturity longer than the Loans and (B) is subordinate or junior in right of payment to the Loans (or, in the case of a Guarantor, to the Guaranty).

Other Subordinated Debt. 6. Clauses (a) and (b) of Section 7.10 of the Credit Agreement are hereby amended and restated in their entirety as follows: (a) the ability of the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets (1) to secure the Obligations, or (2) to secure any Indebtedness or other liability that refinances all or any portion of the Obligations, or (b) the ability of any Subsidiary (1) to pay dividends or other distributions with respect to any shares of its equity securities (other than restrictions or conditions that require any such dividend or distribution to be made to the holders of such securities on a pro rata basis), (2) to make or repay loans or advances to the Borrower or any other Subsidiary, or (3) to Guarantee the Obligations or any Indebtedness or other liability that refinances all or any portion of the Obligations,

Other Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is senior in any respect in right of payment to the Note and subordinate or junior in right of payment to any Senior Debt of the Company.

Other Subordinated Debt. ACC shall not incur or permit to remain outstanding any Debt that is subordinated or junior in right of payment to any Senior Debt and senior in any respect in right of payment to the Notes.

Other Subordinated Debt. The Transaction Parties will not incur, create or suffer to exist or permit any of its Subsidiaries to incur, create or suffer to exist, directly or indirectly, any Indebtedness that by its express terms is subordinate or junior in right of payment (to any extent) to any Indebtedness of the Company unless, by its terms or by the terms of the instrument creating or evidencing it, such Indebtedness (A) has a maturity and Weighted Average Life to Maturity longer than the Loans and (B) is subordinate or junior in right of payment to the Loans.