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

Prohibition on Incurrence of Senior Subordinated Debt. Xxxxxx Publishing will not, and will not permit any Restricted Subsidiary that is a Guarantor to, incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee, as the case may be, and subordinate in right of payment to any other Indebtedness of Xxxxxx Publishing or such Guarantor, as the case may be.

Appears in 3 contracts

Samples: Indenture (Morris Publishing Group LLC), Indenture (Oak Ridger LLC), Indenture (Morris Publishing Group LLC)

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Prohibition on Incurrence of Senior Subordinated Debt. Xxxxxx Mxxxxx Publishing will not, and will not permit any Restricted Subsidiary that is a Guarantor to, incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor’s Guarantee, as the case may be, and subordinate in right of payment to any other Indebtedness of Xxxxxx Mxxxxx Publishing or such Guarantor, as the case may be.

Appears in 1 contract

Samples: Indenture (Morris Publishing Group LLC)

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