Senior Subordinated Debt. Neither the Borrower nor any Guarantor will incur or suffer to exist Indebtedness that is senior in right of payment to the Loans or the Guarantee of such Guarantor, as applicable, and expressly subordinate in right of payment to any other Indebtedness of the Borrower or such Guarantor, as applicable.
Appears in 4 contracts
Samples: Senior Subordinated Credit Agreement (Superior Telecom Inc), Senior Subordinated Credit Agreement (Alpine Group Inc /De/), Senior Subordinated Credit Agreement (Superior Telecom Inc)
