Common use of Securities Subordinated to Senior Indebtedness Clause in Contracts

Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the Company covenants and agrees, and the Trustee and each Holder of the Securities by his acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, and interest on Securities issued hereunder shall be subordinated, to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and in accordance with the provisions of this Article XII, to the prior payment in full of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

Appears in 14 contracts

Samples: Subordinated Indenture (Universal Travel Group), Indenture (Kingold Jewelry, Inc.), Subordinated Indenture (Winner Medical Group Inc)

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Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the The Company covenants and agrees, and the Trustee and each Holder of the Securities by his acceptance thereof likewise covenants covenant and agreesagree, that all Securities shall be issued subject to the provisions of this Article Eight; and each person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof, accepts and agrees that all payments of the principal of, premium, if any, of and interest on the Securities issued hereunder shall be subordinatedby the Company shall, to the extent and in the manner set forth in an indenture supplemental hereto relating to the Securities of that series and in accordance with the provisions of this Article XIIEight, be subordinated and junior in right of payment to the prior payment in full in cash of all Obligations with respect to amounts payable under Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

Appears in 6 contracts

Samples: Indenture (America Bank Note Holographics Inc), Polymer Group Inc, Fabrene Group Inc

Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 6.2 and 6.03 6.3 hereof, the Company covenants and agrees, and the Trustee and each Holder of the Securities by his acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, and interest on Securities issued hereunder shall be subordinated, to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and in accordance with the provisions of this Article XII, to the prior payment in full of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

Appears in 3 contracts

Samples: Subordinated Indenture (Fuelcell Energy Inc), Subordinated Indenture (Fuelcell Energy Inc), Subordinated Indenture (Fuelcell Energy Inc)

Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the The Company covenants and agrees, and the Trustee and each Holder of the Securities issued hereunder by his its acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, and interest on Securities issued hereunder shall be subordinated, issued subject to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and in accordance with the provisions of this Article XII5; and each person holding any Security, whether upon original issue or upon transfer or assignment thereof, accepts and agrees to be bound by such provisions. The payment of all amounts on account of all Securities issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurredcreated, assumed or guaranteed.

Appears in 2 contracts

Samples: Usinternetworking Inc, Beyond Com Corp

Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the Company covenants and agrees, and the Trustee and each Holder of the Securities by his acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, of and interest on the Securities issued hereunder by the Company shall be subordinated, to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and subordinated in accordance with the provisions of this Article XII, X to the prior and indefeasible payment in full full, in cash or cash equivalents, of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

Appears in 2 contracts

Samples: Indenture (Lear Corp Eeds & Interiors), Indenture (Lear Corp /De/)

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Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the The Company covenants and agrees, and the Trustee and each Holder of the Securities issued hereunder by his its acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, and interest on Securities issued hereunder shall be subordinated, issued subject to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and in accordance with the provisions of this Article XII5; and each person holding any Security, whether upon original issue or upon transfer or assignment thereof, accepts and agrees to be bound by such provisions. The payment of all amounts on account of all Securities issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and junior in right of payment to the prior payment in full of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurredcreated, assumed or Guaranteed.

Appears in 1 contract

Samples: Registration Rights Agreement (Act Manufacturing Inc)

Securities Subordinated to Senior Indebtedness. Notwithstanding the provisions of Sections 6.02 and 6.03 hereof, the Company covenants and agrees, and the Trustee and each Holder of the Securities by his acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, of and interest on the Securities issued hereunder by the Company shall be subordinated, to the extent set forth in an indenture supplemental hereto relating to the Securities of that series and subordinated in accordance with the provisions of this Article XII, X to the prior payment in full of all Obligations with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.and

Appears in 1 contract

Samples: Execution (Lear Corp /De/)

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