Common use of Prohibition on Incurrence of Senior Subordinated Debt Clause in Contracts

Prohibition on Incurrence of Senior Subordinated Debt. The Company will not incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 6 contracts

Samples: Indenture (Huntsman Petrochemical Finance Co), Indenture (Huntsman Petrochemical Finance Co), Indenture (Huntsman International LLC)

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Prohibition on Incurrence of Senior Subordinated Debt. The Company will and the Guarantors shall not incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes Securities or the Guarantees, as the case may be, and subordinate in right of payment by its terms to any other Indebtedness of the CompanyCompany or such Guarantor, as the case may be.

Appears in 5 contracts

Samples: Indenture (Pacer Express Inc), Indenture (MTL Inc), Indenture (Alliance Imaging of Michigan Inc)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will not incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness Senior Debt of the Company. The Guarantors will not incur or suffer to exist Indebtedness that is senior in right of payment to any Guarantee and subordinate in right of payment to any Guarantor Senior Debt.

Appears in 4 contracts

Samples: Indenture (Tokheim Corp), Indenture (Management Solutins Inc/), Indenture (Management Solutins Inc/)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will shall not incur incur, create, issue, assume or suffer to exist otherwise become liable for any Indebtedness that by its terms is subordinate or junior in right of payment to any Senior Indebtedness of the Company and senior in any respect in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the CompanyNotes.

Appears in 4 contracts

Samples: Exchange Agreement (Mercer International Inc.), Exchange Agreement (Mercer International Inc.), Exchange Agreement (Mercer International Inc.)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will not incur or suffer to exist Indebtedness that by its terms is both senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (GPPW Inc)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will shall not incur or suffer to exist Indebtedness that by its terms (or by the terms of any agreement governing such Indebtedness) is senior in right of payment to the Notes Securities and expressly subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (LNR Property Corp)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will shall not incur or suffer to exist Indebtedness that by its terms (or by the terms of any agreement governing such Indebtedness) is senior in right of payment to the Notes and expressly subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: First Supplemental Indenture (LNR Property Corp)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will not shall not, directly or indirectly, incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (Info Usa)

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Prohibition on Incurrence of Senior Subordinated Debt. The Company will not not, directly or indirectly, incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the Company. No Guarantor shall, directly or indirectly, incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the guarantees and subordinate in right of payment to any other Indebtedness of such Guarantor.

Appears in 1 contract

Samples: Indenture (Aerojet Ordnance Tennessee Inc)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will shall not incur or suffer to exist Indebtedness any indebtedness that by its terms is senior in right of payment to the Notes Securities and subordinate subordinated in right of the payment to any other Indebtedness indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (Geotek Communications Inc)

Prohibition on Incurrence of Senior Subordinated Debt. The Without prejudice to the provisions of Section 4.16, the Company will shall not incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Senior Notes and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: Indenture (Superior Financial Corp /Ar/)

Prohibition on Incurrence of Senior Subordinated Debt. The Company will shall not incur or suffer to exist Indebtedness any indebtedness that by its terms is senior in right of payment to the Notes and subordinate in right of payment to any other Indebtedness of the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Tokheim Corp)

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