Common use of Debentures Subordinated to Senior Indebtedness Clause in Contracts

Debentures Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder, by such Holder's acceptance thereof, likewise covenants and agrees, that the indebtedness represented by the Debentures and the payment of the principal of and interest on each and all of the Debentures is hereby expressly subordinated and junior, to the extent and in the manner as set forth in this Section 6.1, in right of payment to the prior payment in full of all Senior Indebtedness. This Article VI shall supersede and replace Article X of the Base Indenture in its entirety.

Debentures Subordinated to Senior Indebtedness. The Company covenants and agrees, and each Holder, by such Holder's Xxxxxx’s acceptance thereof, likewise covenants and agrees, that the indebtedness represented by the Debentures and the payment of the principal of and interest on each and all of the Debentures is hereby expressly subordinated and junior, to the extent and in the manner as set forth in this Section 6.1, in right of payment to the prior payment in full of all Senior Indebtedness. This Article VI shall supersede and replace Article X of the Base Indenture in its entirety.