Designation of Designated Senior Debt. No Loan Party will, nor will it permit any Subsidiary to, designate any Indebtedness (or any similar term) (other than the Indebtedness under the Loan Documents and the Senior Secured Term Loan Facility) of the Borrower or any of its Subsidiaries as “Designated Senior Debt” (or any similar term) under, and as defined in any Subordinated Indebtedness of any Loan Party which contains such designations.
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Samples: Assignment and Assumption (TMS International Corp.), Abl Credit Agreement (TMS International Corp.), Abl Credit Agreement (Tube City IMS CORP)
Designation of Designated Senior Debt. No Loan Party will, nor will it permit any Subsidiary to, designate any Indebtedness (or any similar term) (other than the Indebtedness under the Loan Documents and the Senior Secured Term Loan FacilityFacility or any Term Loan Pari Passu Obligations) of the Borrower or any of its Subsidiaries as “Designated Senior Debt” (or any similar term) under, and as defined in any Subordinated Indebtedness of any Loan Party which contains such designations.
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