Common use of Subordinated Debt Documentation Clause in Contracts

Subordinated Debt Documentation. (i) There shall occur and be continuing any "Event of Default" (or any comparable term) under, and as defined in, the Subordinated Note Purchase Agreement (or, after the exchange of the Subordinated Notes for Subordinated Remarketed Notes, the Subordinated Note Indenture), (ii) any of the Credit Party Obligations for any reason shall cease to be "Designated Senior Indebtedness" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, (iii) any Indebtedness other the Credit Party Obligations shall constitute "Designated Senior Indebtedness" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness or (iv) the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or

Subordinated Debt Documentation. (i) There shall occur and be continuing any "“Event of Default" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Note Purchase Agreement (or, after the exchange of the Subordinated Notes for Subordinated Remarketed Notes, the Subordinated Note Indenture)Indebtedness, (ii) any of the Credit Party Obligations for any reason shall cease to be "“Designated Senior Indebtedness" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, (iii) any Indebtedness other than the Credit Party Obligations shall constitute "“Designated Senior Indebtedness" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness or (iv) the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or

Subordinated Debt Documentation. (i) There shall occur and be continuing any "Event of Default" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Note Purchase Agreement (or, after the exchange of the Subordinated Notes for Subordinated Remarketed Notes, the Subordinated Note Indenture)Indebtedness, (ii) any of the Credit Party Obligations for any reason shall cease to be "Designated Senior Indebtedness" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, (iii) any Indebtedness other the Credit Party Obligations shall constitute "Designated Senior Indebtedness" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness or (iv) the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or

Subordinated Debt Documentation. (i) There shall occur and be continuing any "“Event of Default" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Note Purchase Agreement (or, after the exchange of the Subordinated Notes for Subordinated Remarketed Notes, the Subordinated Note Indenture)Indebtedness, (ii) any of the Credit Party Obligations for any reason shall cease to be "“Designated Senior Indebtedness" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness, (iii) any Indebtedness other than the Credit Party Obligations shall constitute "“Designated Senior Indebtedness" ” (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Indebtedness or (iv) the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or.