Subordinated Debt Documentation. (i) There shall occur and be continuing any "Event of Default" (or any comparable term) under, and as defined in, any Junior Financing Documentation, (ii) any of the Credit Party Obligations for any reason shall cease to be "Designated Senior Debt" (or any comparable term) under, and as defined in, any Junior Financing Documentation, (iii) any Indebtedness other the Credit Party Obligations shall constitute "Designated Senior Debt" (or any comparable term) under, and as defined in, any Junior Financing Documentation or (iv) the subordination provisions of any Junior Financing Documentation 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 Debt.
Appears in 3 contracts
Samples: Credit Agreement (Airgas Northern California & Nevada Inc), Credit Agreement (Airgas Inc), Credit Agreement (Airgas Carbonic Inc)
Subordinated Debt Documentation. (i) There shall occur and be continuing any "“Event of Default" ” (or any comparable term) under, and as defined in, any Junior Financing Documentation, (ii) any of the Credit Party Obligations for any reason shall cease to be "“Designated Senior Debt" ” (or any comparable term) under, and as defined in, any Junior Financing Documentation, (iii) any Indebtedness other the Credit Party Obligations shall constitute "“Designated Senior Debt" ” (or any comparable term) under, and as defined in, any Junior Financing Documentation or (iv) the subordination provisions of any Junior Financing Documentation 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 Debt.
Appears in 1 contract
Samples: Credit Agreement (Airgas Inc)
