Common use of Securities Subordinate to Senior Debt Clause in Contracts

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article (subject to the provisions of Article Four), the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities and any payment of the Repurchase Price (other than by delivery of shares of Common Stock) are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Debt.

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article (subject to the provisions of Article Four), the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities on, and any payment of the Repurchase Price (other than by delivery with respect to, each and all of shares of Common Stock) the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash or Cash Equivalents of all Senior Debt.

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article (subject to the provisions of Article FourARTICLE FOUR), the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities Liquidated Damages, if any, on, and any payment of the Repurchase Price (other than by delivery with respect to, each and all of shares of Common Stock) the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Debt.

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article (subject to the provisions of Article Four), the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities Liquidated Damages, if any, on, and any payment of the Repurchase Price (other than by delivery with respect to, each and all of shares of Common Stock) the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Debt.