Common use of Status as Senior Debt Clause in Contracts

Status as Senior Debt. The Obligations constitute, and shall continue to constitute, senior Indebtedness (or the equivalent thereof) under each issue of Subordinated Indebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Dynegy Inc.), Credit Agreement (PPL Energy Supply LLC), Credit Agreement (Talen Energy Holdings, Inc.)

AutoNDA by SimpleDocs

Status as Senior Debt. The Obligations constitute, and shall continue to constitute, senior Indebtedness (or the equivalent thereof) under with respect to each issue issuance of Subordinated Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.