Securities Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Securities, by such Holder's acceptance thereof, likewise covenants and agrees, that the Indebtedness represented by the Securities and the payment of the principal of and premium, if any, and interest (including Liquidated Damages, if any) on each and all of the Securities is hereby expressly subordinated and junior, to the extent and in the manner set forth and as set forth in this Section 13.1, in right of payment to the prior payment in full of all Senior Debt.
Appears in 4 contracts
Samples: Indenture (Inhale Therapeutic Systems Inc), Indenture (Cv Therapeutics Inc), Indenture (Vertex Pharmaceuticals Inc / Ma)
Securities Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Securities, by such Holder's ’s acceptance thereof, likewise covenants and agrees, that the Indebtedness represented by the Securities and the payment of the principal of and premium, if any, and interest (including Liquidated Damages, if any) on each and all of the Securities is hereby expressly subordinated and junior, to the extent and in the manner set forth and as set forth in this Section 13.1, in right of payment to the prior payment in full of all Senior Debt.
Appears in 2 contracts
Samples: Indenture (Nektar Therapeutics), Equinix Inc
Securities Subordinated to Senior Debt. The Company covenants and agrees, and each Holder of Securities, by such Holder's ’s acceptance thereof, likewise covenants and agrees, that the Indebtedness represented by the Securities and the payment of the principal of and premium, if any, and interest (including Liquidated Damages, if any) on each and all of the Securities is hereby expressly subordinated and junior, to the extent and in the manner set forth and as set forth in this Section 13.1, in right of payment to the prior payment in full of all Senior Debt.
Appears in 2 contracts
Samples: Indenture (Nektar Therapeutics), Indenture (Nektar Therapeutics)
