Common use of Securities Subordinate to Senior Indebtedness Clause in Contracts

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder, by the Holder's 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 Security and the payment of the principal of and premium and interest on each and all of the Securities are hereby expressly made subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness of the Company, whether outstanding at the date of this Indenture or thereafter incurred. No provision of this Article shall prevent the occurrence of any default or Event of Default hereunder.

Securities Subordinate to Senior Indebtedness. (a) The Company covenants and agrees, and each HolderHolder of a Security, by the Holder's his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle (subject to Article XI), the indebtedness represented by the Security and the payment of the principal of and premium of, premium, if any, and interest (including Additional Interest) on each and all of the Securities are hereby expressly made subordinate and junior subject in right of payment to the prior payment in full in cash of all Senior Indebtedness of the Company, whether outstanding at the date of this Indenture or thereafter incurred. Indebtedness. (b) No provision of this Article XII shall prevent the occurrence of any default Default or Event of Default hereunder.

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder, by the Holder's ’s 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 Security Securities and the payment of the principal of and premium and interest on each and all of the Securities are hereby expressly made subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness of the Company, whether outstanding at the date of this Indenture or thereafter incurred. No provision of this Article shall prevent the occurrence of any default or Event of Default hereunder.

Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each Holder, by the Holder's 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 Security Securities and the payment of the principal of and premium and interest on each and all of the Securities are hereby expressly made subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness of the Company, whether outstanding at the date of this Indenture or thereafter incurred. No provision of this Article shall prevent the occurrence of any default or Event of Default hereunder.