Common use of Subordination and Ranking Clause in Contracts

Subordination and Ranking. The Notes are subordinated to Senior Indebtedness, as defined in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the Notes may be paid. The Company agrees, and each Noteholder by accepting a Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. The Notes and the Senior Subordinated Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.

Subordination and Ranking. The Notes are subordinated to Senior Indebtedness, as defined in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the Notes may be paid. The Company agrees, and each Noteholder by accepting a Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. The Notes and the Senior Subordinated Discount Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.

Subordination and Ranking. The Notes are subordinated to Senior Indebtedness, as defined in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the Notes may be paid. The Company agrees, and each Noteholder by accepting a Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. The Notes and the Senior Subordinated Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.provisions

Subordination and Ranking. The Notes are subordinated to Senior Indebtedness, as defined in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the Notes may be paid. The Company agrees, and each Noteholder by accepting a Note agrees, to the subordination Subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. The Notes and the Senior Subordinated Discount Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.

Subordination and Ranking. The Notes are subordinated to Senior Indebtedness, as defined in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the Notes may be paid. The Company agrees, and each Noteholder by accepting a Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. The Notes and the Senior Subordinated Notes will in all respects rank pari passu with each other and with all other Senior Subordinated Indebtedness of the Company.