Common use of Intercompany Indebtedness Subordinated to Senior Debt Clause in Contracts

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full of all Senior Debt pursuant to the provisions contained herein.

Appears in 29 contracts

Samples: Credit Agreement (MSA Safety Inc), Credit Agreement (MSA Safety Inc), Credit Agreement (Foster L B Co)

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Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full Payment In Full of all Senior Debt pursuant to the provisions contained herein.

Appears in 3 contracts

Samples: Participation Agreement (Big Lots Inc), Participation Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full Payment In Full of all Senior Debt pursuant to the provisions contained hereinherein (subject to permitted payments of Intercompany Indebtedness as set forth in Section 6 hereof).

Appears in 2 contracts

Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp), Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to until receipt by the prior indefeasible payment in full Administrative Agent and the Lenders of all Senior Debt pursuant to the provisions contained hereinPayment In Full.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.), Continuing Agreement (Ii-Vi Inc)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment Payment in full Full of all Senior Debt pursuant to the provisions contained herein.

Appears in 2 contracts

Samples: Credit Agreement (Foster L B Co), Intercompany Subordination Agreement (Black Box Corp)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full of all Senior Debt pursuant to the provisions contained hereinherein (subject to permitted payments of Intercompany Indebtedness as set forth in Section 6 hereof).

Appears in 1 contract

Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment Payment in full Full of all Senior Debt pursuant to the provisions contained herein.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

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Intercompany Indebtedness Subordinated to Senior Debt. The recitals ----------------------------------------------------- set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full of all Senior Debt pursuant to the provisions contained herein.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Federated Investors Inc /Pa/)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment in full of all principal, interest, fees and other Indebtedness and obligations of the Company or any other Loan Party to the Purchasers pursuant to the Note Purchase Agreement, the Notes and the other Financing Documents, including, without limitation, any Make-Whole Amount payable in respect of the Notes (collectively, the “Senior Debt Debt”) pursuant to the provisions contained herein.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (MSA Safety Inc)

Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and subject in right of payment to the prior indefeasible payment Payment in full Full of all Senior Debt pursuant to the provisions contained herein. 2.

Appears in 1 contract

Samples: Intercompany Subordination Agreement

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