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 (Sizeler Property Investors Inc), Indenture (American Retirement Corp)

AutoNDA by SimpleDocs

Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities of any series 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 3 contracts

Samples: Indenture (Assisted Living Concepts Inc), Indenture (Santa Anita Realty Enterprises Inc), Indenture (Assisted Living Concepts Inc)

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

Appears in 1 contract

Samples: Indenture (Progressive Corp/Oh/)

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: Subordinated Indenture (Liberty Property Limited Partnership)

AutoNDA by SimpleDocs

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)

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