Common use of Securities Subordinated to Senior Indebtedness Clause in Contracts

Securities Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, at all times and in all respects, 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 are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 8 contracts

Samples: Indenture (Credence Systems Corp), Indenture (Nexstar Pharmaceuticals Inc), Indenture (NCS Healthcare Inc)

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Securities Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, at all times to the extent and in all respectsthe 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 are hereby expressly made subordinate subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Indenture (Staples Inc), Indenture (Staples Inc)

Securities Subordinated to Senior Indebtedness. The Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the Company covenants and agrees, and the Trustee and each Holder of a Security, the Securities by his acceptance thereof, thereof likewise covenants and agrees, that, at that all times and in all respects, the indebtedness represented by the Securities and the payment payments of the principal of and premium, if any, and interest on each and all of the Securities are hereby expressly made subordinate and subject by the Company shall be subordinated in right accordance with the provisions of payment this Article X to the prior payment in full of all Senior Indebtedness.and

Appears in 1 contract

Samples: Indenture (Lear Corp /De/)

Securities Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, at all times to the extent and in all respectsthe 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 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 (Avatar Holdings Inc)

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Securities Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, at all times and in all respects, 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 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 (Hilb Rogal & Hamilton Co /Va/)

Securities Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, at all times and in all respects, the indebtedness represented by the Securities and the payment of the principal of and premium, if any, interest and interest Liquidated Damages, 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 of all Senior Indebtedness.

Appears in 1 contract

Samples: Indenture (Speedway Motorsports Inc)

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