Common use of No Senior Subordinated Debt Clause in Contracts

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.9 hereof, (i) the Issuers shall not, directly or indirectly, incur 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 Guarantor shall incur any Indebtedness that is subordinate or junior in right of payment to its Guarantor Senior Debt and senior in any respect in right of payment to such Guarantor's Guarantee.

Appears in 2 contracts

Samples: Alliance Laundry Holdings LLC, Alliance Laundry Holdings LLC

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No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.9 hereof, (i) the Issuers shall not, directly or indirectly, Issuer will not incur any Indebtedness that is subordinate is, or purports to be, contractually subordinated or junior in right of payment to any Senior Debt of Issuer and senior in any respect in right of payment to the Notes and (ii) no Notes. No Guarantor shall will incur any Indebtedness that is subordinate is, or purports to be, contractually subordinated or junior in right of payment to its Guarantor any Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Note Guarantee.

Appears in 1 contract

Samples: Petco Animal Supplies Inc

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.9 4.09 hereof, (i) the Issuers shall notnot incur, directly create, issue, assume, guarantee or indirectly, incur 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 Notes, and (ii) no Subsidiary Guarantor shall incur incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to its Guarantor the Senior Debt Guarantees and senior in any respect in right of payment to such Guarantor's Guaranteethe Subsidiary Guarantees.

Appears in 1 contract

Samples: National Crane Corp

No Senior Subordinated Debt. Notwithstanding the provisions of Section 4.9 hereof, (i) the Issuers shall not, directly or indirectly, incur 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 Guarantor shall incur any Indebtedness that is subordinate or junior in right of payment to its Guarantor Senior Debt and senior in any respect in right of payment to such Guarantor's ’s Guarantee.

Appears in 1 contract

Samples: Supplemental Indenture (Alliance Laundry Systems LLC)

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No Senior Subordinated Debt. Notwithstanding the any other provisions of Section 4.9 hereofthis Indenture, (i) the Issuers shall notwill not incur, create, issue, assume, guarantee or otherwise become liable, directly or indirectly, incur for any Indebtedness (including Acquired Debt) that is subordinate or junior in right of payment to any Senior Debt Indebtedness and senior in any respect in right of payment to the Notes and (ii) no Guarantor shall incur any Indebtedness that is subordinate or junior in right of payment to its Guarantor Senior Debt and senior in any respect in right of payment to such Guarantor's GuaranteeSubordinated Notes.

Appears in 1 contract

Samples: Avalon Cable Finance Inc

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