Common use of Subordination of Senior Subordinated Indebtedness Clause in Contracts

Subordination of Senior Subordinated Indebtedness. The Obligations constitute “Senior Indebtedness” and Guaranteed Obligations constitute “Guarantor Senior Indebtedness” within the meaning of the indenture governing the Existing Senior Subordinated Notes.

Appears in 3 contracts

Samples: Credit Agreement (Telesat Holdings Inc.), Credit Agreement (Telesat Holdings Inc.), Credit Agreement (Telesat Canada)

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Subordination of Senior Subordinated Indebtedness. The Obligations constitute are “Senior Indebtedness,and the Guaranteed Obligations constitute are “Guarantor Senior Indebtedness” and each of the Obligations and Guaranteed Obligations are “Designated Senior Indebtedness,” each within the meaning of the Senior Subordinated Bridge Loan Documents and, from and after execution and delivery thereof, the Senior Subordinated Exchange Notes (and the indenture governing the Existing Senior Subordinated Notessuch notes).

Appears in 1 contract

Samples: Senior Bridge Loan Agreement (Loral Space & Communications Inc.)

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Subordination of Senior Subordinated Indebtedness. The Obligations constitute are “Senior Indebtedness,and the Guaranteed Obligations constitute are “Guarantor Senior Indebtedness” and each of the Obligations and Guaranteed Obligations are “Designated Senior Indebtedness,” each within the meaning of the Senior Subordinated Bridge Loan Documents and when executed and delivered the Senior Subordinated Exchange Notes (and the indenture governing the Existing Senior Subordinated Notessuch notes).

Appears in 1 contract

Samples: Credit Agreement (Loral Space & Communications Inc.)

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