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 its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 7 contracts

Samples: Junior Subordinated Indenture (Lincoln National Corp), Junior Subordinated Indenture (Hartford Capital Iv /De/), Junior Subordinated Indenture (Liberty Financial Capital Trust Ii)

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Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle (subject to the provisions of Article Four and Article Fifteen), the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities (including any amounts payable upon a purchase of the Securities) are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 6 contracts

Samples: Indenture (Monsanto Co), Indenture (Eg&g Inc), Indenture Agreement (Brookdale Living Communities Inc)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (and premium, if of any) and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 4 contracts

Samples: Indenture (Alexanders Inc), Indenture (Capstone Capital Corp), Indenture (Alexanders Inc)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleARTICLE XII, the payment of the principal of (and premium, if any) any premium and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 4 contracts

Samples: Junior Subordinated Indenture (Uici), Junior Subordinated Indenture (Bankatlantic Bancorp Inc), Junior Subordinated Indenture (Uici)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities of each and every series are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 3 contracts

Samples: Junior Subordinated Indenture (Seacoast Financial Services Corp), Junior Subordinated Indenture (M&t Bank Corp), Junior Subordinated Indenture (Seacoast Financial Services Corp)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle (subject to the provisions of Article Four and Article Thirteen), the payment of the principal of (and premium, if any) and interest (including any Additional Interest) ixxxxxxx on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 1 contract

Samples: Indenture (Correctional Properties Trust)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle (subject to the provisions of Article IV and Article XIII), the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 1 contract

Samples: Indenture (Geo MCF Lp, LLC)

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Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle XII, the payment of the principal -principal of (and premium, if any) any premium and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 1 contract

Samples: Junior Subordinated Indenture (San Joaquin Bancorp)

Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (of, and premium, if of any) , and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 1 contract

Samples: Indenture (Capstone Capital Corp)

Securities Subordinate to Senior Debt. The Except as otherwise provided in a supplemental indenture or pursuant to Section 301, the Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) any premium and interest (including any Additional Interest) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt.

Appears in 1 contract

Samples: Indenture (Read Rite Corp /De/)

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