Designation of Designated Senior Debt. Borrowers and Guarantors shall, and shall cause any Subsidiary to, designate the Obligations as “Designated Senior Debt” or any similar term under and as defined in the agreements relating to any Indebtedness (including any Subordinated Debt) of any Borrower or Guarantor which contains such designation.
Appears in 2 contracts
Samples: Loan and Security Agreement (CPG International Inc.), Loan and Security Agreement (CPG International Inc.)
Designation of Designated Senior Debt. Borrowers and Guarantors shallshall not designate any Indebtedness, other than the Obligations, as “Designated Senior Debt”, or any similar term under and as defined in the agreements relating to the Convertible Notes or any Subordinated Debt of any Borrower or Guarantor which contains such designation. Borrowers and Guarantors shall cause any Subsidiary to, designate the Obligations as “Designated Senior Debt” or any similar term under and as defined in the agreements relating to any Indebtedness (including any Subordinated Debt) Debt of any Borrower or Guarantor which contains such designation.. 127
Appears in 2 contracts
Samples: Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc)
Designation of Designated Senior Debt. Borrowers and Guarantors shallshall not designate any Indebtedness, other than the Obligations, as “Designated Senior Debt”, or any similar term under and as defined in the agreements relating to the Convertible Notes or any Subordinated Debt of any Borrower or Guarantor which contains such designation. Borrowers and Guarantors shall cause any Subsidiary to, designate the Obligations as “Designated Senior Debt” or any similar term under and as defined in the agreements relating to any Indebtedness (including any Subordinated Debt) Debt of any Borrower or Guarantor which contains such designation.
Appears in 1 contract
Samples: Loan and Security Agreement (Nci Building Systems Inc)
