Common use of Securities Subordinate to Senior Indebtedness Clause in Contracts

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, 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, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his such 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 Securities and the payment of the principal of, premium, if any, and interest on each and all of on, the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to full of the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve Thirteen shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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 provisionsprovisions as provided herein.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agreesagrees 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 ArticleArticle XIII, the Indebtedness represented by the Securities and the payment of and distributions of or with respect to the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Note Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article XIII to the prior payment in full, full in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all amounts payable under all existing and future Senior IndebtednessIndebtedness which includes, whether outstanding on the date without limitation, all Credit Agreement Obligations of the Indenture or thereafter incurredCompany. This Article Twelve XIII shall constitute a continuing offer to all Persons persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant The Company covenants and agrees, and each Holder of a Security, by its acceptance thereof, likewise covenants and agrees, that, to Section 301the extent and in the manner hereinafter set forth in this Article, the payment of the principal of (and premium, if any) and interest, if any, on each and all of the Securities are hereby expressly made subordinate and subject in right of payment and upon liquidation to the prior payment in full of all amounts then due and payable in respect of all Senior Indebtedness. 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 ArticleArticle (subject to Article IV), the Indebtedness represented by the Securities and the payment of the principal of, of (and premium, if any, ) and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture and upon liquidation to the prior payment in full, full in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve XIII shall constitute a continuing offer to all Persons who, in reliance upon such provisions, who become holders of, or continue to hold hold, Senior Indebtedness; , and such provisions are made for the benefit of the holders of Senior Indebtedness; Indebtedness and such holders are made obligees hereunder and they any one or each more of them may enforce such provisions. Holders of Senior Indebtedness need not prove reliance on the subordination provisions hereof.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the 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, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his 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, of (and premium, if any, ) and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, full of all Senior Indebtedness, Indebtedness (whether outstanding on the date of hereof or hereafter created, incurred, assumed or guaranteed), and that the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold Senior Indebtedness; and such provisions are made subordination is for the benefit of the holders of Senior Indebtedness and that no payment on account of principal of, premium, if any, or interest on the Securities and no acquisition of, or payment on account of any sinking fund for, the Securities may be made unless full payment of all amounts then due for principal, premium, if any, and interest then due on all Senior Indebtedness by reason of the maturity thereof (by lapse of time, acceleration or otherwise) has been made or duly provided for in cash or in a manner satisfactory to the holders of such Senior Indebtedness; and such holders are made obligees hereunder and they or each of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his 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 Indebtedness represented by the Securities and the payment of the principal of, of (and premium, if any, on) and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, full of all Senior Indebtedness, whether outstanding on the date of the this Indenture or thereafter created, incurred, assumed or guaranteed; provided, however, that the Securities, the Indebtedness represented thereby and the payment of the principal of (and premium, if any, on) and interest on the Securities in all respects shall rank equally with, or prior to, all existing and future unsecured indebtedness (including, without limitation, Indebtedness) of the Company that is subordinated to Senior Indebtedness. This Article Twelve XIV shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold 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 any one or each more of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the Company Publishing covenants and agrees, and each Holder of a SecurityHolder, by his acceptance thereofsuch Holdxx'x xcceptance of the Securities, 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, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as manner acceptable to the requisite holders of Designated Senior Indebtedness, of all Senior Indebtedness. For purposes of this Indenture, whether outstanding on the date requisite holders of Designated Senior Indebtedness shall be 143 - 133 - determined by the Indenture or thereafter incurredinstruments governing Designated Senior Indebtedness. This Article Twelve XII shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a SecuritySecurities, by his its acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this ArticleArticle 10, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article 10 to the prior payment in full, full in cash or Cash Equivalents or in any other form or, as acceptable to the holders of Senior Indebtedness, in any other manner, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve 10 shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a SecurityHolder, by his such 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 Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as manner acceptable to the requisite holders of Designated Senior Indebtedness, of all Senior Indebtedness. For purposes of this Indenture, whether outstanding on the date requisite holders of Designated Senior Indebtedness shall be determined by the Indenture or thereafter incurredinstruments governing Designated Senior Indebtedness. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold 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. Unless otherwise provided pursuant to Section 301, the Company Publishing covenants and agrees, and each Holder of a SecurityHolder, by his such Holder's acceptance thereofof the Securities, 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, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as manner acceptable to the requisite holders of Designated Senior Indebtedness, of all Senior Indebtedness. For purposes of this Indenture, whether outstanding on the date requisite holders of Designated Senior Indebtedness shall be determined by the Indenture or thereafter incurredinstruments governing Designated Senior Indebtedness. This Article Twelve XII shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his 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 Indebtedness represented by the Securities and the payment of the principal of, of (and premium, if any, on) and interest on on, and any Additional Amounts with respect to, each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, full of all Senior Indebtedness, whether outstanding on the date of the Indenture issuance of Securities of a particular series or thereafter created, incurred. assumed or guaranteed; provided, however, that the Securities, the Indebtedness represented thereby and the payment of the principal This Article Twelve Thirteen shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold 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 any one or each more of them may enforce such provisions.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the 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, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the this Indenture to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agreesagrees 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 ArticleArticle XIII, the Indebtedness represented by the Securities and the payment of the principal of, of (and premium, if any, ) and interest on each and all of the Securities and all other Indenture Obligations Security are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article XIII to the prior payment in full, full in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all amounts payable under all existing and future Senior IndebtednessIndebtedness which includes, whether outstanding on the date without limitation, all obligations of the Indenture or thereafter incurredCompany and any Restricted Subsidiary under the Company's revolving credit agreement then in effect. This Article Twelve XIII shall constitute a continuing offer to all Persons persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the 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, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. Unless otherwise provided pursuant to Section 301, the 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 ArticleArticle (subject to Article 4), the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, of and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture to the prior payment in full, full in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness. The payment by the Guarantor of any obligation due under the Guarantee shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Senior Indebtedness of the Guarantor, whether outstanding on at the date of the this Indenture or thereafter incurred. This Article Twelve 11 shall constitute a continuing offer to all Persons who, in reliance upon such provisions, persons who become holders of, or continue to hold hold, Senior Indebtedness; , and such provisions are made for the benefit of the holders of Senior Indebtedness; Indebtedness and such holders are made obligees hereunder and they any one or each more of them may enforce such provisions. Holders of Senior Indebtedness need not prove reliance on the subordination provisions hereof.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the 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, the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture this Article to the prior payment in full, in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred. This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, 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. The Securities shall not be senior in right of payment to the Existing Notes and shall be pari passu in right of payment with the Existing Notes.

Securities Subordinate to Senior Indebtedness. Unless otherwise provided pursuant to Section 301, the 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 ArticleArticle XIII (subject to Article VI), the Indebtedness represented by the Securities and the payment of the principal of, premium, if any, of and interest on each and all of the Securities and all other Indenture Obligations are hereby expressly made subordinate and subject in right of payment as provided in the Indenture to the prior payment in full, full in cash or Cash Equivalents or in any other form as acceptable to the holders of Senior Indebtedness, of all Senior Indebtedness, whether outstanding on at the date of this Indenture or thereafter incurred. The payment by the Guarantor of any obligation due under the Debt Guarantee shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Senior Indebtedness of the Guarantor, whether outstanding at the date of this Indenture or thereafter incurred. This Article Twelve XIII shall constitute a continuing offer to all Persons who, in reliance upon such provisions, persons who become holders of, or continue to hold hold, Senior Indebtedness; , and such provisions are made for the benefit of the holders of Senior Indebtedness; Indebtedness and such holders are made obligees hereunder and they any one or each more of them may enforce such provisions. Holders of Senior Indebtedness need not prove reliance on the subordination provisions hereof.