Specified Junior Debt Sample Clauses

Specified Junior Debt. So long as any portion of the Specified Junior Debt remains outstanding, (i) any of the Obligations for any reason shall cease to be “Senior Indebtedness” (or any comparable term) or “Senior Secured Financing” (or any comparable term) under, and as defined in any documentation governing or evidencing Specified Junior Debt, (ii) any subordination provisions with respect to Specified Junior Debt that are required pursuant to the terms of the Loan Documents shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Specified Junior Debt, if applicable, or (iii) the Intercreditor Agreement shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against any party thereto (or against any holder of any Specified Junior Debt or any other Person on whose behalf any such party makes any covenants or agreements therein), or otherwise not be effective to create the rights and obligations purported to be created thereunder.