Common use of Securities Senior to Subordinated Indebtedness Clause in Contracts

Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities will be senior and prior in right of payment to all Subordinated Indebtedness, to the extent and in the manner provided in such Subordinated Indebtedness.

Appears in 10 contracts

Samples: Indenture (Alternative Living Services Inc), Indenture (Rent Way Inc), Sizeler Property Investors Inc

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Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities Notes will be senior and prior in right of payment to all Subordinated Indebtedness, to the extent and in the manner provided in such Subordinated Indebtedness.

Appears in 6 contracts

Samples: Note Purchase Agreement (Regent Assisted Living Inc), Note Purchase Agreement (Regent Assisted Living Inc), Note Purchase Agreement (Regent Assisted Living Inc)

Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities will be senior and prior in right of payment to all Subordinated Indebtednesssubordinated indebtedness, to the extent and in the manner provided in such Subordinated Indebtednesssubordinated indebtedness.

Appears in 1 contract

Samples: Indenture (National Healthcare Corp)

Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities will be senior and prior in right of payment to all Subordinated Indebtedness, to the extent and in the manner provided in such Subordinated Indebtedness. ***** - 82 - This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Indenture.

Appears in 1 contract

Samples: Centerpoint Properties Trust

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Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities will be senior and prior in right of payment to all Subordinated Indebtedness, to the extent and in the manner provided in such Subordinated Indebtedness.. ARTICLE SEVEN

Appears in 1 contract

Samples: Liberty Property Limited Partnership

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