Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall incur Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 3 contracts
Samples: Indenture (Vertis Inc), Indenture (Vertis Inc), Vertis Inc
Prohibition on Incurrence of Senior Subordinated Debt. Neither the The Company nor shall not, and shall not permit any Guarantor shall to, incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s any Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such any Guarantor, as the case may be.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Symbion Inc/Tn), Purchase Agreement (Uti Corp)
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall incur or suffer to exist Indebtedness that is senior in right of payment to the Notes Securities or such Guarantor’s 's Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 2 contracts
Samples: Bway Corp, Unilab Corp /De/
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Subsidiary Guarantor shall will incur or suffer to exist Indebtedness that is senior in right of payment to the Notes Securities or such Subsidiary Guarantor’s 's Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Subsidiary Guarantor, as the case may be.
Appears in 2 contracts
Samples: Fisher Scientific International Inc, Fisher Scientific International Inc
Prohibition on Incurrence of Senior Subordinated Debt. Neither the The Company nor will not, and will not permit any Guarantor shall to, incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee any Guarantee, as the case may be, and expressly contractually subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 2 contracts
Samples: Indenture (Kinetic Concepts Inc /Tx/), Kci New Technologies Inc
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall the Guarantors will incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee the Subsidiary Guarantees, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company or such Guarantorthe Guarantors, as the case may be.
Appears in 1 contract
Samples: Pasta Group L L C
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall will incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s 's Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 1 contract
Samples: Eye Care Centers of America Inc
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall incur or suffer to exist Indebtedness that is senior in right of payment to the Notes Securities or such Guarantor’s Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 1 contract
Samples: Indenture (Bway Corp)
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall incur will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is expressly by its terms subordinate or junior in right of payment to any Indebtedness of such person and senior in right any respect of payment to the Notes or such Guarantor’s the Guarantee and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 1 contract
Samples: T Sf Communications Corp
Prohibition on Incurrence of Senior Subordinated Debt. Neither The Company and the Company nor any Guarantor shall Guarantors will not incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee the Guarantees, as the case may be, and subordinate in right of payment by its terms to any other Indebtedness of the Company or such Guarantor, as the case may be.
Appears in 1 contract
Samples: Young America Holdings Inc
Prohibition on Incurrence of Senior Subordinated Debt. Neither the Company nor any Guarantor shall will incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s 's Guarantee and subordinate in right of payment to any other Indebtedness Senior Debt of the Company or Guarantees by such Guarantor, as the case may be.
Appears in 1 contract
Samples: Cambridge Industries Inc /De
Prohibition on Incurrence of Senior Subordinated Debt. Neither the The Company nor will not, and will not cause or permit any Guarantor shall to, incur or suffer to exist Indebtedness that by its terms is senior in right of payment to the Notes or such Guarantor’s Guarantee the Guarantees, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company or such the Guarantor, as the case may be.
Appears in 1 contract
Samples: Indenture (Huntsman Packaging Corp)