Designation of Senior Debt. None of Holdings or either Borrower will permit any Indebtedness (other than the Indebtedness incurred hereunder or under any other Loan Document) to constitute "Designated Senior Debt" (or any other similar term) under the Subordinated Debt Documents, without the consent of the Required Lenders.
Appears in 2 contracts
Samples: Credit Agreement (WRC Media Inc), Credit Agreement (World Almanac Education Group Inc)
Designation of Senior Debt. None of Holdings or either Borrower will permit any Indebtedness (other than the Indebtedness incurred (i) hereunder or under any other Loan Document and (ii) under any Second-Lien Document) to constitute "Designated Senior Debt" (or any other similar term) under the Subordinated Debt Documents, without the consent of the Required Lenders.
Appears in 1 contract
Samples: Credit Agreement (WRC Media Inc)
Designation of Senior Debt. None of Holdings or either Borrower will permit any Indebtedness (other than the Indebtedness incurred hereunder or hereunder, under any other Loan Document, or under any First-Lien Documents) to constitute "Designated Senior Debt" (or any other similar term) under the Subordinated Debt Documents, without the consent of the Required Lenders.
Appears in 1 contract
Samples: Credit Agreement (WRC Media Inc)
