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 (Santa Anita Realty Enterprises Inc), Indenture (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)
Securities Senior to Subordinated Indebtedness. The indebtedness represented by the Securities of any series 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/)
