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

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 10 contracts

Samples: Indenture (Arch Wireless Inc), Indenture (Arch Wireless Inc), Indenture (Goss Graphic Systems Inc)

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Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 8 contracts

Samples: Indenture (Sanmina-Sci Corp), Senior Subordinated Loan Agreement (J Crew Group Inc), Third Supplemental Indenture (Celestica Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a Note 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 Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesSecurities, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 7 contracts

Samples: Indenture (Etoys Inc), Indenture (Siebel Systems Inc), Indenture (Etoys Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesSecurities, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 3 contracts

Samples: Second Supplemental Indenture (Revlon Inc /De/), First Supplemental Indenture (Revlon Inc /De/), Second Supplemental Indenture (Revlon Inc /De/)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a Note 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 Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesSecurities, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 3 contracts

Samples: Indenture (Epicept Corp), Indenture (Epicept Corp), Subordinated Indenture (Teligent Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesNote, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 3 contracts

Samples: Indenture (Greif Brothers Corp), Indenture (Tousa Delaware Inc), Indenture (Technical Olympic Usa Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder Noteholder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt Debt, and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 3 contracts

Samples: Second Supplemental Indenture (Whiting Petroleum Corp), First Supplemental Indenture (Whiting Petroleum Corp), First Supplemental Indenture (Whiting Petroleum Corp)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder Securityholder by accepting a Note 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 DebtDebt of the Company, whether such Senior Debt was created or acquired before or after the issuance of the NotesSecurities, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 2 contracts

Samples: Indenture (Intersil Holding Co), Indenture (Radio One Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder Debentureholder by accepting a Note Debenture 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 Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesDebentures, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 2 contracts

Samples: Indenture (Petroleum Heat & Power Co Inc), Indenture (Petroleum Heat & Power Co Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a Note any Security of any Series 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 Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesNote, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 2 contracts

Samples: Subordinated Indenture (TOUSA Investment #1, Inc.), Senior Subordinated Indenture (TOUSA Investment #1, Inc.)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior DebtDebt of the Partnership or any Guarantor, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: First Supplemental Indenture (NuStar Energy L.P.)

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

Appears in 1 contract

Samples: Trust Indenture (Security Devices International Inc.)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Senior Subordinated Notes, to acquire and continue to hold, or to continue to hold, hold such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, hold such Senior Debt.

Appears in 1 contract

Samples: Indenture (Axiohm Transaction Solutions Inc)

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

Appears in 1 contract

Samples: First Supplemental Indenture (DCP Midstream Partners, LP)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder The Lender by accepting a the 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 Senior DebtDebt of the Borrower, whether such Senior Debt was created or acquired before or after the issuance of the NotesClosing Date, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt of the Borrower shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Senior Subordinated Term Loan Agreement (Panavision Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Note Purchase Agreement (Santander Bancorp)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a Note this Debenture 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 Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notesthis Debenture, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Em Laboratories Inc)

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

Appears in 1 contract

Samples: Credit Agreement (J Crew Group Inc)

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

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

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

Appears in 1 contract

Samples: Mezzanine Indenture (Waterford Wedgwood PLC)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder Holder, by accepting a Note this 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Noteshereof, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Credit Agreement (Administaff Inc \De\)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the NotesNotes and the Subsidiary Guarantees, to acquire and continue to hold, or to continue to hold, such Senior Debt Debt, and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Indenture (Villa Pines Care LLC)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior DebtDebt of the Company, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Indenture (Labranche & Co Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a Note The Lender 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 Debt, whether such Senior Debt was created or acquired before or after the issuance borrowing of the Notesany Loans, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Working Capital Facility Agreement (Delta Energy Center, LLC)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder of Notes by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to holdacquire, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Indenture (Avery Berkel Holdings LTD)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by accepting a 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance theissuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Indenture (Goss Holdings Inc)

Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder Lender by accepting a Loan 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 Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Loan Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (J Crew Group Inc)

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