Common use of No Senior Subordinated Debt Clause in Contracts

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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, and (ii) 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 Guarantee of such Guarantor.

Appears in 2 contracts

Samples: Pillowtex Corp, Tennessee Woolen Mills Inc

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No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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, and (ii) 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 the Senior Debt of such Guarantor and senior in any respect in right of payment to the Guarantee of such Guarantor's Parent Guarantee or Subsidiary Guarantee, as applicable.

Appears in 1 contract

Samples: Indenture (Appleton Papers Inc/Wi)

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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 Senior Indebtedness of the Company and senior in any respect in right of payment to the Notes, Notes and (ii) 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.

Appears in 1 contract

Samples: Iae Inc

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) the Company Issuers 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 Issuers and senior in any respect in right of payment to the Notes, and (ii) no Note Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness of such Guarantor that is subordinate subordinated or junior in right of payment to any Indebtedness of such Note Guarantor and senior in any respect in right of payment to the Guarantee of such Note Guarantor's Note Guarantees.

Appears in 1 contract

Samples: Indenture (World Almanac Education Group Inc)

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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 Senior Debt and senior in any respect in right of payment to the Notes, and (ii) no Subsidiary 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 Guarantees of the Company and senior in any respect in right of payment Senior Debt or to the Notes, and (ii) no Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness Senior Debt of such Guarantor that is subordinate or junior in right of payment to any Indebtedness of such Subsidiary Guarantor and senior in any respect in right of payment to the Guarantee of such GuarantorSubsidiary Guarantees.

Appears in 1 contract

Samples: Indenture (Newcor Inc)

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No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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 Senior Debt and senior in any respect in right of payment to the Notes, and (ii) 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 Note Guarantee of such Guarantor.

Appears in 1 contract

Samples: Interep National Radio Sales Inc

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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 Senior Debt and senior in any respect in right of payment to the Notes, and (ii) no Guarantor shall incur, incur create, issue, assume, guarantee or otherwise become liable for any Indebtedness of such Guarantor that is subordinate subordinated 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 the Guarantee of such Guarantor's Subsidiary Guarantee.

Appears in 1 contract

Samples: Indenture (Lone Star Technologies Inc)

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.09 hereof, (i) 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 Senior Indebtedness of the Company and senior in any respect in right of payment to the Notes, Notes and (ii) no Guarantor shall will 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 Senior Indebtedness of such Guarantor Guarantor, and senior in any respect in right of payment to the Guarantee of such Guarantor's guarantees of the Notes.

Appears in 1 contract

Samples: Indenture (Desa Holdings Corp)

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