Common use of Subordination of Note Guarantee Clause in Contracts

Subordination of Note Guarantee. Payments under the Note Guarantees shall be subordinated to the prior payment in full of all Senior Indebtedness of such Guarantor, including Senior Indebtedness incurred after the date of this Indenture, on the same basis as the payments by the Company on the Notes are subordinated to the prior payment in full of Senior Indebtedness of the Company. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the Guarantors only at such times as they may receive and/or retain payments in respect of the Notes pursuant to this Indenture, including Article 10.

Subordination of Note Guarantee. Payments under the Note Guarantees shall be subordinated to the prior payment in full of all Senior Indebtedness Debt of such Guarantor, including Senior Indebtedness Debt incurred after the date of this Indenture, on the same basis as the payments by the Company on the Notes are subordinated to the prior payment in full of Senior Indebtedness Debt of the Company. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the Guarantors only at such times as they may receive and/or retain payments in respect of the Notes pursuant to this Indenture, including Article 10Twelve.

Subordination of Note Guarantee. Payments The Obligations of each Guarantor under the its Note Guarantees Guarantee pursuant to this Article 11 shall be subordinated to the prior payment in full of all Senior Indebtedness of such Guarantor (including such Guarantor, including Senior Indebtedness incurred after 's guarantee of the date of this Indenture, on Credit Agreement) to the same basis as the payments by the Company on extent that the Notes are subordinated to the prior payment in full of Senior Indebtedness of the Company. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the Guarantors only at such times as they may receive and/or retain payments in respect of the Notes pursuant to this Indenture, including Article 1010 hereof.