Common use of Subordinate to Senior Indebtedness Clause in Contracts

Subordinate to Senior Indebtedness. The Company agrees, and Purchaser by its acceptance hereof likewise agrees, that the payment of the principal of and interest on this Debenture is hereby expressly made subordinate and junior in right of payment to the prior payment in full of all principal of and interest on all Senior Indebtedness (as defined below) whether now outstanding or hereafter incurred, created or assumed.

Subordinate to Senior Indebtedness. (a) The Company agrees, and each Purchaser by its acceptance hereof likewise agrees, that the payment of the principal of and interest on this Debenture the Debentures is hereby expressly made subordinate and junior in right of payment to the prior payment in full of all principal of and interest on all Senior Indebtedness (as defined below) whether now outstanding or hereafter incurred, created or assumed.

Subordinate to Senior Indebtedness. The Company agrees, and ---------------------------------- Purchaser by its acceptance hereof likewise agrees, that the payment of the principal of and interest on this Debenture is hereby expressly made subordinate and junior in right of payment to the prior payment in full of all principal of and interest on all Senior Indebtedness (as defined below) whether now outstanding or hereafter incurred, created or assumed.

Subordinate to Senior Indebtedness. The Company agrees, and Purchaser ---------------------------------- by its acceptance hereof likewise agrees, that the payment of the principal of and interest on this Debenture is hereby expressly made subordinate and junior in right of payment to the prior payment in full of all principal of and interest on all Senior Indebtedness (as defined below) whether now outstanding or hereafter incurred, created or assumed.