Common use of Securities Subordinate to Senior Indebtedness of the Company Clause in Contracts

Securities Subordinate to Senior Indebtedness of the Company. 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) and interest on each and all of the Securities and all other amounts payable with respect thereto (collectively, the "Subordinated Obligations") are hereby expressly made subordinate and postponed to and subject in right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness of the Company. All provisions of this Article 2 shall be subject to Section 2.14. This Agreement shall constitute a continuing offer to all Persons who, in reliance upon such Agreement, become holders of, or continue to hold, Senior Indebtedness, and such provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are made obligees hereunder and they or each of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness of the Company. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees 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) and interest on each and all of the Securities and all other amounts payable with respect thereto (collectively, collectively the "“Subordinated Obligations"”) are hereby expressly made subordinate and postponed to and subject in right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness of the Company. All provisions of this Article 2 Twelve shall be subject to Section 2.141215. This Agreement Article 12 shall constitute a continuing offer to all Persons who, in reliance upon such AgreementArticle, become holders of, or continue to hold, Senior Indebtedness, and such provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are made obligees hereunder and they or each of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness of the Company. 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) and interest on each and all of the Securities and all other amounts payable with respect thereto (collectively, the "“Subordinated Obligations"”) are hereby expressly made subordinate and postponed to and subject in right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness of the Company. All provisions of this Article 2 shall be subject to Section 2.14. This Agreement shall constitute a continuing offer to all Persons who, in reliance upon such Agreement, become holders of, or continue to hold, Senior Indebtedness, and such provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are made obligees hereunder and they or each of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness of the Company. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees 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) and interest on each and all of the Securities and all other amounts payable with respect thereto (collectively, collectively the "Subordinated Obligations") are hereby expressly made subordinate and postponed to and subject in right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness of the Company. All provisions of this Article 2 Twelve shall be subject to Section 2.141215. This Agreement Article 12 shall constitute a continuing offer to all Persons who, in reliance upon such AgreementArticle, become holders of, or continue to hold, Senior Indebtedness, and such provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are made obligees hereunder and they or each of them may enforce such provisions.