Common use of No Senior Subordinated Debt Clause in Contracts

No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of the Company and senior in any respect in right of payment to the Notes. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of such Guarantor and senior in any respect in right of payment to such Guarantor's Guaranty.

Appears in 3 contracts

Samples: Execution Copy (Mark I Molded Plastics of Tennessee Inc), Indenture (Mark I Molded Plastics of Tennessee Inc), Indenture (Atwood Mobile Products Inc)

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No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is senior in right of payment to the Notes and subordinate or junior in right of payment to any other Indebtedness of the Company Company, and senior in any respect in right of payment to the Notes. No no Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is senior in right of payment to the Guarantee by such Guarantor of the Notes and subordinate or junior in right of payment to any other Indebtedness of such Guarantor and senior in any respect in right of payment to such the Guarantor's Guaranty.

Appears in 2 contracts

Samples: Supplemental Indenture (Meristar Hospitality Corp), Supplemental Indenture (Capstar Hotel Co)

No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's GuarantySubsidiary Guarantee.

Appears in 2 contracts

Samples: Scotts Company, Scotts Company

No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of the Company and senior in any respect in right of payment to the Notes. No Notes and no Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness of such Guarantor that is subordinate or junior in right of payment to any Indebtedness of such Guarantor and senior in any respect in right of payment to the Subsidiary Guarantee of such Guarantor's Guaranty.

Appears in 1 contract

Samples: Flo Fill Co Inc

No Senior Subordinated Debt. The Notwithstanding any other provision hereof, the Company shall not incur, incur create, issue, assume, guarantee or otherwise become liable liable, directly or indirectly, for any Indebtedness (including Acquired Debt) that is subordinate or junior in right of payment to any Indebtedness of the Company Senior Debt and senior in any respect in right of payment to the Notes. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of such Guarantor and senior in any respect in right of payment to such Guarantor's Guaranty.

Appears in 1 contract

Samples: Indenture (Salton Maxim Housewares Inc)

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No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee Guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness the Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Guaranty.Subsidiary Guarantee. 91 100

Appears in 1 contract

Samples: Indenture (Advance Paradigm Inc)

No Senior Subordinated Debt. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of Neither the Company and senior in nor any respect in right of payment to the Notes. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness Senior Debt of such Guarantor Person and senior in any respect in right of payment to such Guarantor's Guarantythe Senior Subordinated Notes.

Appears in 1 contract

Samples: Key Plastics Inc

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