Common use of SUBORDINATION OF SUBSIDIARY GUARANTEES Clause in Contracts

SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee are subordinated in right of payment to the obligations of each Guarantor under its Senior Debt in the same manner and to the same extent that the Notes are subordinated to Senior Indebtedness of the Company pursuant to this Article IV.

Appears in 2 contracts

Samples: First Supplemental Indenture (Quicksilver Resources Inc), First Supplemental Indenture (Quicksilver Resources Inc)

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SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee are subordinated in right of payment to the obligations of each such Guarantor under its Senior Debt Indebtedness in the same manner and to the same extent that the Notes Loans are subordinated to Senior Indebtedness of the Company Borrower pursuant to this Article IVSection 14.

Appears in 2 contracts

Samples: Senior Subordinated Interim Loan Agreement (First Data Corp), Senior Subordinated Interim Loan Agreement (First Data Corp)

SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee are subordinated in right of payment to the obligations of each such Subsidiary Guarantor under its Guarantor Senior Debt Indebtedness in the same manner and to the same extent that the Notes are subordinated to Senior Indebtedness of the Company pursuant to this Article IVTen.

Appears in 1 contract

Samples: First Supplemental Indenture (Berry Petroleum Co)

SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations Obligations of each Subsidiary Guarantor under its Subsidiary Guarantee are subordinated in right of payment to the obligations Obligations of each Guarantor under its Senior Debt in the same manner and to the same extent that the Notes are subordinated to Senior Indebtedness Debt of the Company pursuant to this Article IV12.

Appears in 1 contract

Samples: Indenture (K&f Industries Inc)

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SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations of each Subsidiary Guarantor any subsidiary guarantor under its Subsidiary Guarantee any subsidiary guarantee of Debt Securities are subordinated in right of payment to the obligations of each Guarantor any guarantor under its Senior Debt in the same manner and to the same extent that the Notes Debt Securities are subordinated to Senior Indebtedness of the Company pursuant to this Article IV12.

Appears in 1 contract

Samples: Indenture (Unit Corp)

SUBORDINATION OF SUBSIDIARY GUARANTEES. The obligations of each Subsidiary Guarantor under its any Subsidiary Guarantee are subordinated in right relating to a series of payment to the obligations of each Guarantor under its Senior Debt in the same manner and to the same extent that the Notes are subordinated to Senior Indebtedness of the Company Securities issued pursuant to this Article IV.Indenture shall be subordinated to the Senior Indebtedness

Appears in 1 contract

Samples: Subordinated Indenture (Marine 300 Series Inc)

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