Common use of SUBORDINATION OF NOTES Clause in Contracts

SUBORDINATION OF NOTES. Section 14.01. Notes Subordinate to Senior Debt..............................175 Section 14.02. Payment Over of Proceeds upon Dissolution, etc................175 Section 14.03. Suspension of Payment When Senior Debt in Default.............177 Section 14.04. Trustee's Relation to Senior Debt.............................180 Section 14.05. Subrogation to Rights of Holders of Senior Debt...............180 Section 14.06. Provisions Solely to Define Relative Rights...................181 Section 14.07.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

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SUBORDINATION OF NOTES. 87 Section 14.01. 14.1 Notes Subordinate to Senior Debt..............................175 ............................87 Section 14.02. 14.2 Payment Over of Proceeds upon Dissolution, etc................175 ..............87 Section 14.03. 14.3 Suspension of Payment When Designated Senior Debt is in Default.............177 .............................................88 Section 14.04. 14.4 Trustee's Relation to Senior Debt.............................180 ...........................89 Section 14.05. 14.5 Subrogation to Rights of Holders of Senior Debt...............180 .............89 Section 14.06. 14.6 Provisions Solely to To Define Relative Rights...................181 .................90 Section 14.07.14.7

Appears in 1 contract

Samples: Indenture (Foster Wheeler LTD)

SUBORDINATION OF NOTES. 90 Section 14.01. 11.01 Notes Subordinate to Senior Debt..............................175 Indebtedness...............................90 Section 14.02. 11.02 Payment Over of Proceeds upon Dissolution, etc................175 .........................90 Section 14.03. 11.03 Suspension of Payment When Senior Debt Indebtedness in Default.............177 ..............91 Section 14.04. 11.04 Trustee's Relation to Senior Debt.............................180 Indebtedness..............................93 Section 14.05. 11.05 Subrogation to Rights of Holders of Senior Debt...............180 Indebtedness................93 Section 14.06. 11.06 Provisions Solely to To Define Relative Rights...................181 ............................94 Section 14.07.11.07

Appears in 1 contract

Samples: TWP Capital Corp Ii

SUBORDINATION OF NOTES. Section 14.01. 55 SECTION 12.1 Notes Subordinate to Senior Debt..............................175 Section 14.02. Indebtedness.....................55 SECTION 12.2 Payment Over over of Proceeds upon Dissolution, etc................175 Section 14.03. Suspension of ....................55 SECTION 12.3 No Payment When Senior Debt Indebtedness in Default.............177 Section 14.04. Trustee's Relation to Senior Debt.............................180 Section 14.05. ...............56 SECTION 12.4 Payment Permitted If No Default..............................57 SECTION 12.5 Subrogation to Rights of Holders of Senior Debt...............180 Section 14.06. Indebtedness......57 SECTION 12.6 Provisions Solely to Define Relative Rights...................181 Section 14.07...................57 SECTION 12.7

Appears in 1 contract

Samples: Indenture (Kranzco Realty Trust)

SUBORDINATION OF NOTES. Section 14.01SECTION 11.01. Notes Subordinate to Senior Debt..............................175 Section 14.02Indebtedness....................83 SECTION 11.02. Payment Over of Proceeds upon Dissolution, etc................175 Section 14.03..............84 SECTION 11.03. Suspension of Payment When Senior Debt Indebtedness in Default.............177 Section 14.04................................................85 SECTION 11.04. Trustee's Relation to Senior Debt.............................180 Section 14.05Indebtedness...................87 SECTION 11.05. Subrogation to Rights of Holders of Senior Debt...............180 Section 14.06Indebtedness.....87 SECTION 11.06. Provisions Solely to Define Relative Rights...................181 Section 14.07.................88 SECTION 11.07.

Appears in 1 contract

Samples: Indenture (Entex Information Services Inc)

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SUBORDINATION OF NOTES. 104 Section 14.0111.01. Notes Subordinate to Senior Debt..............................175 ..........................................104 Section 14.0211.02. Payment Over of Proceeds upon Dissolution, etc................175 ............................104 Section 14.0311.03. Suspension of Payment When Designated Senior Debt in Default.............177 ..............106 Section 14.0411.04. Trustee's Relation to Senior Debt.............................180 .........................................107 Section 14.0511.05. Subrogation to Rights of Holders of Senior Debt...............180 ...........................107 Section 14.0611.06. Provisions Solely to Define Relative Rights...................181 Section 14.07................................108

Appears in 1 contract

Samples: Purchase Agreement (Paxson Communications Corp)

SUBORDINATION OF NOTES. Section 14.0111.01. Notes Subordinate to Senior Debt..............................175 Indebtedness............................... 84 Section 14.0211.02. Payment Over of Proceeds upon Dissolution, etc................175 ........................... 84 Section 14.0311.03. Suspension of Payment When Senior Debt Indebtedness in Default.............177 .................... 86 Section 14.0411.04. Trustee's Relation to Senior Debt.............................180 Indebtedness............................... 88 Section 14.0511.05. Subrogation to Rights of Holders of Senior Debt...............180 Indebtedness..................... 89 Section 14.0611.06. Provisions Solely to To Define Relative Rights...................181 ..................................... 89 Section 14.0711.07.

Appears in 1 contract

Samples: Indenture (Outdoor Systems Inc)

SUBORDINATION OF NOTES. Section 14.01SECTION 11.1. Notes Subordinate to Senior Debt..............................175 Section 14.02Indebtedness ............. 93 SECTION 11.2. Payment Over of Proceeds upon Dissolution, etc................175 Section 14.03etc .................................... 93 SECTION 11.3. Suspension of Payment When Senior Debt Indebtedness in Default.............177 Section 14.04. Trustee's Relation to Senior Debt.............................180 Section 14.05Default ............................ 95 SECTION 11.4. Subrogation to Rights of Holders of Senior Debt...............180 Section 14.06Indebtedness ................................ 97 SECTION 11.5. Provisions Solely to To Define Relative Rights...................181 Section 14.07.Rights .............................................. 97

Appears in 1 contract

Samples: Note Purchase Agreement (Oglebay Norton Co)

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