Common use of Agreement to Subordinate Clause in Contracts

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 20 contracts

Samples: Banco Santander (Banco Santander (Brasil) S.A.), Banco Santander (Banco Santander (Brasil) S.A.), Subordinated Indenture (Royalty Pharma Holdings Ltd.)

AutoNDA by SimpleDocs

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities any Subordinated Security issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Securitythereof, whether upon original issue or upon transfertransfer or assignment, assignment or exchange thereof accepts likewise covenants and agrees agrees, that the Principal principal of (and premium, if any) and interest on each and all of the Subordinated Securities issued hereunder shallare hereby expressly subordinated, to the extent and in the manner herein hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 17 contracts

Samples: Brown Forman Corp, Leucadia National Corp, Epicept Corp

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior IndebtednessDebt.

Appears in 5 contracts

Samples: Indenture (Aes Trust Ii), Subordinated Indenture (Aes Trust V), Indenture (Aes Trust V)

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person Person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 3 contracts

Samples: Uil Holdings Corp, Uil Holdings Corp, Uil Holdings Corp

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 3 contracts

Samples: Indenture (Choice One Communications Inc), Indenture (Aes Trust V), Aes Trust Ii

Agreement to Subordinate. The Company covenants and agrees, and each Holder holder of Securities issued hereunder by his such holder's acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Securitythereof, whether upon original issue or upon transfertransfer or assignment thereof, assignment or exchange thereof accepts likewise covenants and agrees agrees, that the Principal principal of and premium, if any, and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 2 contracts

Samples: Ferro Corporation (Ferro Corp), Ferro Corp

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this ArticleArticle 10; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.

Appears in 1 contract

Samples: Verisk Analytics, Inc.

AutoNDA by SimpleDocs

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full in cash or cash equivalents of all Designated Senior Indebtedness.

Appears in 1 contract

Samples: Azz Inc

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Debt Securities issued hereunder by his such Holder's acceptance thereof likewise covenants and agrees, that all Debt Securities shall be issued subject to the provisions of this ArticleArticle XIV; and each person holding any Holder of a Debt Security, whether upon original issue or upon transfertransfer or assignment thereof, assignment or exchange thereof accepts and agrees that to be bound by such provisions. The payment by the Principal Company of the principal of, premium, if any, and interest on all Debt Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness.hereunder

Appears in 1 contract

Samples: Indenture (Noram Financing Ii)

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtednessand Subordinated Debt.

Appears in 1 contract

Samples: Indenture (Aes Corporation)

Agreement to Subordinate. The Company covenants and agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof accepts and agrees that the Principal of and interest on all Securities issued hereunder shall, to the extent and in the manner herein set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior and Subordinated Indebtedness.

Appears in 1 contract

Samples: Choice One Communications Inc

Time is Money Join Law Insider Premium to draft better contracts faster.