Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in full of all principal and interest on all Senior Indebtedness, the Holder of this Debenture shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable to the Senior Indebtedness.
Appears in 4 contracts
Samples: Subordinated Debenture and Warrant Purchase Agreement (Cahill Edward L), Debenture Purchase Agreement (Cahill Edward L), Debenture Purchase Agreement (Cahill Edward L)
Subrogation to Rights of Holders of Senior Indebtedness. Subject ------------------------------------------------------- to the payment in full of all principal and interest on all Senior Indebtedness, the Holder of this Debenture shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable to the Senior Indebtedness.
Appears in 3 contracts
Samples: Debenture Purchase Agreement (Concorde Career Colleges Inc), Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc), Debenture Purchase Agreement (Concorde Career Colleges Inc)
Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in full of all principal and interest on all Senior IndebtednessIndebtedness of the Company as provided herein, the Holder Holders of this Debenture the Securities shall be subrogated (to the rights extent of the payments or distributions made to the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable pursuant to the Senior Indebtedness.provisions of this
Appears in 2 contracts
Samples: Indenture (Cooper Cameron Corp), Indenture (Key Energy Group Inc)
Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in full of all principal and interest on all Senior Indebtedness, the Holder Holders of this Debenture the Securities shall be subrogated to the rights extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to receive payments or distributions the provisions of assets or securities this Article (equally and ratably with all indebtedness of the Company applicable which by its express terms is subordinated to indebtedness of the Senior Indebtedness.Company to substantially the same extent as the Securities are subordinated and is
Appears in 1 contract
Samples: Indenture (Dime Bancorp Inc)
Subrogation to Rights of Holders of Senior Indebtedness. Subject ------------------------------------------------------- to the payment in full full, in cash or cash equivalents, of all principal and interest on all Senior Indebtedness, the Holder of this Debenture Subsidiary shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or and distributions of assets or cash, property and securities of the Company applicable to the Senior IndebtednessIndebtedness until the principal of (and premium, if any) and interest on the New Subsidiary Loans shall be paid in full.
Appears in 1 contract
Subrogation to Rights of Holders of Senior Indebtedness. Subject to ------------------------------------------------------- the payment in full of all principal and interest on all Senior Indebtedness, the Holder of this Debenture shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable to the Senior Indebtedness.
Appears in 1 contract
Samples: Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc)
Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in full of all principal and interest amounts due on all or in respect of Senior Indebtedness, the Holder Holders of this Debenture the Securities shall be subrogated to the rights extent of the payments or distributions made to the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable pursuant to the Senior Indebtedness.provisions of this Article (equally
Appears in 1 contract
Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in full of all principal and interest amounts due or to become due on all Senior Indebtedness, or the Holder provision for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of this Debenture Senior Indebtedness, the Holders of the Securities shall be subrogated to the rights extent of the payments or distributions made to the holders of such Senior Indebtedness to receive payments or distributions of assets or securities of the Company applicable to the Senior Indebtedness.Senior
Appears in 1 contract
Samples: Junior Subordinated Indenture (PNC Capital Trust F)
