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

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

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs

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)

Time is Money Join Law Insider Premium to draft better contracts faster.