Common use of Securities Subordinate to Senior Indebtedness Clause in Contracts

Securities Subordinate to Senior Indebtedness. 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 Senior Indebtedness.

Appears in 27 contracts

Samples: Junior Subordinated Indenture (American Safety Insurance Group LTD), Junior Subordinated Indenture (Pmi Group Inc), Junior Subordinated Indenture (GCB Capital Trust)

AutoNDA by SimpleDocs

Securities Subordinate to Senior Indebtedness. 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 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 Senior Indebtedness.

Appears in 27 contracts

Samples: Indenture (Wesbanco Inc), Indenture (Wesbanco Inc), Indenture (Wesbanco Inc)

Securities Subordinate to Senior Indebtedness. The Company Corporation 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 Senior Indebtedness.

Appears in 12 contracts

Samples: Junior Subordinated Indenture (Dime Capital Trust Ii), Junior Subordinated Indenture (Bb&t Capital Trust I), Junior Subordinated Indenture (Compass Trust Ii)

Securities Subordinate to Senior Indebtedness. 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 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 Senior IndebtednessIndebtedness of the Company.

Appears in 11 contracts

Samples: Indenture (Church & Dwight Co Inc /De/), Indenture (FMC Corp), Indenture (FMC Corp)

Securities Subordinate to Senior Indebtedness. 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 XII, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities and all obligations of the Company under this Indenture are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 5 contracts

Samples: Indenture (Itron Inc /Wa/), Indenture (Affymetrix Inc), Indenture (Spacehab Inc \Wa\)

Securities Subordinate to Senior Indebtedness. The Company Corporation 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 XIII, 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 Senior Indebtedness.

Appears in 4 contracts

Samples: Junior Subordinated Indenture (Centura Banks Inc), Junior Subordinated Indenture (Colonial Bancgroup Inc), Junior Subordinated Indenture (Southern States Capital Trust I)

Securities Subordinate to Senior Indebtedness. 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 Seventeen, the indebtedness represented by the Securities and the payment of the principal of (and of, 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 Senior Indebtedness.

Appears in 4 contracts

Samples: Indenture (Thermo Electron Corp), Indenture (Thermo Electron Corp), Indenture (Thermo Instrument Systems Inc)

Securities Subordinate to Senior Indebtedness. 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 Indebtedness.

Appears in 3 contracts

Samples: Trust Agreement (Usf&g Corp), Junior Subordinated Indenture (Chubb Capital Trust Iii), Trust Agreement (Usf&g Corp)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security by its such Holder's acceptance thereof, thereof likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle Sixteen, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on interest, if any, in respect of 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 Senior Indebtedness.

Appears in 3 contracts

Samples: Indenture (Bergen Brunswig Corp), Indenture (Motorola Inc), Indenture (Bergen Brunswig Corp)

Securities Subordinate to Senior Indebtedness. The Company Corporation 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) any premium 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 Senior Indebtedness.

Appears in 3 contracts

Samples: Junior Subordinated Indenture (Everest Re Capital Trust Iii), Junior Subordinated Indenture (Everest Re Group LTD), Junior Subordinated Indenture (Everest Re Capital Trust)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, whether upon original issue or upon transfer or assignment, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Articleforth, the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities are is hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 3 contracts

Samples: Supplemental Indenture (Inacom Corp), Indenture (Anadarko Petroleum Capital Trust Iii), Indenture (Remington Oil & Gas Corp)

Securities Subordinate to Senior Indebtedness. 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 of, 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 Senior Indebtedness.

Appears in 3 contracts

Samples: Indenture (Atlas Air Worldwide Holdings Inc), Indenture (Atlas Air Worldwide Holdings Inc), Indenture (Xtra Missouri Inc)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurity of any series, 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 of such series and the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities of such series are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Wellman Inc), Indenture (Raytheon Co/)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurity of any series, 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 of such series and the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and of all of the Securities of such series are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Subordinated Indenture (Banponce Corp), Subordinated Indenture (Popular International Bank Inc)

Securities Subordinate to Senior Indebtedness. The Company Corporation 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 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Wellcare Health Plans, Inc.), Indenture (Wellcare Health Plans, Inc.)

Securities Subordinate to Senior Indebtedness. 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 Article Four), the payment of the principal of (and of, premium, if any) , and interest (including any Additional Interest, if any) on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Semco Capital Trust), Indenture (Semco Capital Trust Iii)

Securities Subordinate to Senior Indebtedness. 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 XII, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any (including the Make-Whole Payment, if any) ), and interest (including any Additional Interest) on each and all of the Securities and all obligations of the Company under this Indenture are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Human Genome Sciences Inc), Indenture (Human Genome Sciences Inc)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurity of a series designated as subordinated pursuant to Section 3.01, 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 such series are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Supplemental Indenture (Northern Trust Corp), First Supplemental Indenture (Northern Trust Corp)

Securities Subordinate to Senior Indebtedness. 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) any premium and interest (including any Additional Interest) on and any Additional Amounts with respect to 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Everest Re Group LTD), Junior Subordinated Indenture (Everest Re Capital Trust Iii)

Securities Subordinate to Senior Indebtedness. 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 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Microsoft Corp), Indenture (Microsoft Corp)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurity or coupon, 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 any) and interest (including any Additional Interest) on each and all of the Securities and the payment of any coupon are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Royal Gold Inc /De/), Indenture (Royal Gold Inc /De/)

Securities Subordinate to Senior Indebtedness. 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Mason Dixon Capital Trust Ii), Junior Subordinated Indenture (Gold Banc Corp Inc)

Securities Subordinate to Senior Indebtedness. 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 Interestinterest) 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (BNB Capital Trust), Junior Subordinated Indenture (Broad National Bancorporation)

Securities Subordinate to Senior Indebtedness. The Company Issuer 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 Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Idacorp Trust Iii), Indenture (Idacorp Trust Iii)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security by its his acceptance thereof, 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 (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 Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Phoenix Companies Inc/De), Indenture (Phoenix Duff & Phelps Corp)

Securities Subordinate to Senior Indebtedness. The Company Corporation 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 XIII, the payment of the principal of (and premium, if -77- 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 Senior Indebtedness.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Bt Capital Trust B)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security by its this 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 (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 Senior IndebtednessIndebtedness permitted to be incurred pursuant to the terms of this Indenture.

Appears in 1 contract

Samples: Indenture (Autobond Acceptance Corp)

Securities Subordinate to Senior Indebtedness. 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Covanta Capital Trust Iii)

Securities Subordinate to Senior Indebtedness. 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), the indebtedness represented by the Securities and 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Bryan College Station Financial Holding Co)

Securities Subordinate to Senior Indebtedness. 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 of, premium, if any) , and interest (including any Additional Interest) on each 76 83 and all of the Securities are is hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Indebtedness.

Appears in 1 contract

Samples: Junior Subordinated Indenture (American General Corp /Tx/)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurity or coupon, by its his acceptance thereof, whether upon original issue or upon transfer or assignment, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Articleforth, 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 Senior Indebtedness.of

Appears in 1 contract

Samples: Indenture (Snyder Oil Corp)

AutoNDA by SimpleDocs

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurities, by its such Holder's acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle 13, the indebtedness -- represented by the Securities and the payment of the principal of (and premium, if any) ), and interest (including any Additional Interest) on each and all of other amounts payable under the Securities are is hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Interliant Inc)

Securities Subordinate to Senior Indebtedness. The Company Issuer covenants and agrees, and each Holder of a Security, by its acceptance thereof, whether upon original issue or upon transfer or assignment, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Articleforth, the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities are is hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Murphy Oil Corp /De)

Securities Subordinate to Senior Indebtedness. 107 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 Seventeen, the indebtedness represented by the Securities and the payment of the principal of (and of, 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Thermo Electron Corp)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurities, by its acceptance thereof, likewise covenants and agrees, for the benefit of the holders, from time to time, of Senior Indebtedness 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 Senior Indebtedness.this

Appears in 1 contract

Samples: Indenture (Centennial Puerto Rico Operations Corp)

Securities Subordinate to Senior Indebtedness. 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Amsouth Bancorporation)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by its his acceptance thereof, likewise covenants and agrees, that, notwithstanding anything to the contrary contained herein, 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 Senior Indebtedness.indebtedness represented by the

Appears in 1 contract

Samples: Indenture (Enron Capital Trust I)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a SecuritySecurities, by its such Holder's acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle 13, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) ), and interest (including any Additional Interest) on each and all of other amounts payable under the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Earthweb Inc)

Securities Subordinate to Senior Indebtedness. 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), the Indebtedness represented by the Securities and 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Western Wireless Corp)

Securities Subordinate to Senior Indebtedness. 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 Senior Indebtedness.this

Appears in 1 contract

Samples: Junior Subordinated Indenture (Pfbi Capital Trust)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security or coupon by its his acceptance thereof, 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 (including any Additional Interest) on each and all of the Securities and the payment of any coupon are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 1 contract

Samples: Subordinated Debt Securities Indenture (Noble Affiliates Inc)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security by its his acceptance thereof, thereof likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle XI, the indebtedness represented by the Securities and 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

Securities Subordinate to Senior Indebtedness. 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 of, 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 Senior Indebtedness.each

Appears in 1 contract

Samples: Junior Subordinated Indenture (American General Capital Iv)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, notwithstanding anything to the contrary contained herein, 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 (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 in cash or cash equivalents of all Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Rouse Company)

Securities Subordinate to Senior Indebtedness. The Company Group 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 Senior Indebtedness.

Appears in 1 contract

Samples: Subordinated Indenture (Delphi Financial Group Inc/De)

Securities Subordinate to Senior Indebtedness. 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 (subject to the provisions of Article Four), 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 Indebtedness.

Appears in 1 contract

Samples: Trust Agreement (Usf&g Corp)

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, Security by its his acceptance thereof, 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 (including any Additional InterestLiquidated Damages) 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Offshore Logistics Inc)

Securities Subordinate to Senior Indebtedness. 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 payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of in debtedness represented by the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.payment

Appears in 1 contract

Samples: Indenture (Forest City Enterprises Inc)

Securities Subordinate to Senior Indebtedness. 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, Article Sixteen the payment of the principal of (and premium, if any) and interest (including any Additional Interest) on each and all of the Securities are Subordinated Indebtedness is hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Indebtedness.

Appears in 1 contract

Samples: First Supplemental Indenture (Abc Rail Products Corp)

Securities Subordinate to Senior Indebtedness. 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 in debtedness 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 Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Forest City Enterprises Inc)

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