Common use of Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions Clause in Contracts

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary Guarantee, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (WTNH Broadcasting Inc), Indenture (Homco Puerto Rico Inc)

AutoNDA by SimpleDocs

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Senior Indebtedness or Guarantor Senior Indebtedness, whether such Senior Indebtedness or Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeSecurities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness or Guarantor Senior Indebtedness and such holder of Senior Indebtedness or Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness or Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Gibraltar Industries, Inc.), Indenture (Gibraltar Industries, Inc.)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Lessor acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior IndebtednessIndebtedness of Lessee, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary Guaranteedate hereof, to acquire and continue to holdacquire, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness of Lessee shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Lease Agreement (Hanover Compressor Co /), Lease (Hanover Compressor Co /)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeSecurities, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (MTS Inc), Indenture (Cooperative Computing Inc /De/)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Lessor acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Senior Indebtedness or Guarantor Senior IndebtednessIndebtedness of any Guarantor, whether such Senior Indebtedness or Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary Guaranteedate hereof, to acquire and continue to holdacquire, or to continue to hold, such Senior Indebtedness or Guarantor Senior Indebtedness and such holder of Senior Indebtedness or Guarantor Senior Indebtedness of any Guarantor shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness or Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Guarantee (Hanover Compressor Co /), Guarantee (Hanover Compressor Co /)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder Securityholder by accepting a Subsidiary Guarantee Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeSecurities, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Eye Care Centers of America Inc), Indenture (Community Health Systems Inc)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder Purchaser, by accepting a Subsidiary Guarantee Note, acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeNotes, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Note Purchase Agreement (American Seafoods Corp), Note Purchase Agreement (American Seafoods International LLC)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary Guarantee, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Lin Television Corp), Indenture (Lin Television Corp)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeSecurities, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.. SIGNATURES

Appears in 1 contract

Samples: Indenture (MTS Inc)

AutoNDA by SimpleDocs

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder Holder, by accepting a Subsidiary Guarantee Note, acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior IndebtednessIndebtedness of each Guarantor, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeNotes, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness of such Guarantor shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (American Seafoods Corp)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee Note acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior IndebtednessIndebtedness of any Note Guarantor, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeNotes, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of such Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Us Office Products Co)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary Guarantee acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeGuarantees, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (ONEOK Partners LP)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder by accepting a Subsidiary an Affiliate Guarantee acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary Affiliate Guarantee, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.. 50

Appears in 1 contract

Samples: Indenture (Lin Television Corp)

Reliance by Holders of Guarantor Senior Indebtedness on Subordination Provisions. Each Holder Noteholder by accepting a Subsidiary Guarantee Note acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Guarantor Senior Indebtedness, whether such Guarantor Senior Indebtedness was created or acquired before or after the issuance of the Subsidiary GuaranteeNotes, to acquire and continue to hold, or to continue to hold, such Guarantor Senior Indebtedness and such holder of Guarantor Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Guarantor Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Eye Care Centers of America Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!