Common use of Classification of Senior Indebtedness Clause in Contracts

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 37 contracts

Samples: Security Agreement (Rock-Tenn CO), Credit Agreement (Primo Water Corp), Credit Agreement (Horizon Lines, Inc.)

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Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtednessor any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 8 contracts

Samples: First Lien Credit Agreement (GateHouse Media, Inc.), Secured Bridge Credit Agreement (GateHouse Media, Inc.), Credit Agreement (American Pacific Corp)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, ,” “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 7 contracts

Samples: Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Mednax, Inc.), Credit Agreement (Mednax, Inc.)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtednessor any similar designation under and as defined in any agreement governing any Subordinated Debt (including, without limitation, the Existing Subordinated Notes) and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 4 contracts

Samples: Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties theretoDebt.

Appears in 4 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, ” and “Designated Senior IndebtednessDebtor any similar designation under and as defined in any agreement governing any Subordinated Debt Debt, including, without limitation, the Senior Subordinated Notes, and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 3 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc)

Classification of Senior Indebtedness. The If any Subordinated Debt is outstanding, the Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt Debt, if any and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 3 contracts

Samples: Credit Agreement (Innophos Holdings, Inc.), Credit Agreement (Innophos Holdings, Inc.), Credit Agreement (Innophos Holdings, Inc.)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.. Confidential Materials Omitted and Filed Separately with the Securities and Exchange Commission Pursuant to a Request for Confidential Treatment under Rule 406 under the Securities Act of 1933, as amended. Confidential Portions are marked: [***]

Appears in 2 contracts

Samples: Credit Agreement (Ani Pharmaceuticals Inc), Credit Agreement (Ani Pharmaceuticals Inc)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt Indebtedness and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

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Classification of Senior Indebtedness. The Credit Party Obligations constitute "Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation " under and as defined in any agreement governing any Subordinated Debt (including, without limitation, the Existing Subordinated Notes and the New Convertible Notes) and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 1 contract

Samples: Credit Agreement (Gencorp Inc)

Classification of Senior Indebtedness. The Credit Party Obligations constitute "Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation " under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 1 contract

Samples: Credit Agreement (American Pacific Corp)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any Subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Atlas Merger Subsidiary, Inc.)

Classification of Senior Indebtedness. The Credit Party Obligations constitute "Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation " under and as defined in any agreement governing any Subordinated Debt Debt, including, without limitation, the High Yield Notes, and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

Appears in 1 contract

Samples: 000 Credit Agreement (Juno Lighting Inc)

Classification of Senior Indebtedness. The Credit Party Obligations constitute “Senior Indebtedness”, Debt” and/or “Designated Senior IndebtednessDebtor any similar designation under and as defined in any agreement governing any the Subordinated Debt and Note Documents, the subordination provisions set forth in each such agreement therein are legally valid and enforceable against the parties theretothereto and the Lenders are entitled to rely on such subordination provisions.

Appears in 1 contract

Samples: Credit Agreement (Belden Inc.)

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