Senior Subordinated Indebtedness. Neither the Company nor any of the Guarantors shall, directly or indirectly, Incur any Indebtedness (other than the Notes, the Exchange Notes, the Permanent Securities and Indebtedness between the Company and its Wholly Owned Subsidiaries) that is by its terms (or by the terms of any agreement governing such Indebtedness) subordinated in right of payment to any other Indebtedness of the Company or of such Guarantor unless such Indebtedness is also by its terms (or by the terms of any agreement governing such Indebtedness) made expressly subordinate to the Loans and the Notes and the Guarantees to the same extent and in the same manner as such Loans and Notes and Guarantees are subordinated to the Senior Secured Credit Agreement.
Senior Subordinated Indebtedness. 27.1 This Note constitutes Senior Subordinated Indebtedness of the Company and is unsecured.
Senior Subordinated Indebtedness. Neither Borrower nor any of the Guarantors shall, directly or indirectly, Incur any Indebtedness (other than the Notes, the Exchange Notes, the Required Refinancing Securities and the Guarantees, as the case may be) that by its terms (or by the terms of any agreement governing such Indebtedness) would expressly rank senior in right of payment to the Loans, Notes and Guarantees and expressly rank subordinate in right of payment to any Senior Indebtedness.
Senior Subordinated Indebtedness. Prepay any of the Senior Subordinated Indebtedness or make any payment with respect to the Senior Subordinated Indebtedness that is prohibited by the Subordination Agreement.
Senior Subordinated Indebtedness. Neither the Company nor any Subsidiary Guarantor shall, directly or indirectly, incur any Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) subordinated to any other Indebtedness of the Company or any Subsidiary Guarantor unless such Indebtedness is also by its terms (or by the terms of any agreement governing such Indebtedness) made expressly subordinate to the Obligations under the Loan or the Guarantee of such Subsidiary Guarantor, as the case may be, to the same extent and in the same manner as such Indebtedness is subordinated to such other Indebtedness.
Senior Subordinated Indebtedness. Buyer shall not create, incur, issue assume, guarantee or otherwise become directly or indirectly liable with respect to any indebtedness that is subordinate in right of payment to the Funded Debt, unless such indebtedness is specifically by its terms made pari passu with or subordinate in right of payment to this Extendable Subordinated Note.
Senior Subordinated Indebtedness. Make payments of principal or interest in respect of Senior Subordinated Indebtedness, except that this Section 4.19 shall not apply to any such payments so long as (i) no Default shall have occurred and be continuing at the time of such payment and (ii) such payments of interest are made on the regularly-scheduled quarterly payment dates therefor or on the date of any repayment of Senior Subordinated Indebtedness in an amount not in excess of the amount accrued on the principal being repaid.
Senior Subordinated Indebtedness. The Obligations constitute senior subordinated indebtedness of the Borrower, junior to the “Obligations” under the Existing Senior Secured Credit Agreement, pari-passu with all subordinated Indebtedness of the Borrower under the Existing Subordinated Term Loan Agreement and senior to all other Indebtedness of the Borrower. The Obligations do not constitute “Designated Senior Indebtedness” (or any comparable term) with respect to any subordinated Indebtedness of the Borrower.
Senior Subordinated Indebtedness. Neither the Company nor any of the Subsidiary Guarantors shall, directly or indirectly, (x) prior to the Conversion Date, Incur any Indebtedness (other than the Notes, the Exchange Notes and the Take-Out Securities) that is by its terms (or by the terms of any agreement governing such Indebtedness) subordinated in right of payment to any other Indebtedness of the Company or of such Subsidiary Guarantor, as the case may be, unless such Indebtedness is also by its terms (or by the terms of any agreement governing such Indebtedness) made expressly subordinate to the Loans and the Notes and the Guarantees to the same extent and in the same manner as such Loans and Notes and Guarantees are subordinated to the Senior Credit Facility and (y) after the Conversion Date, Incur any Indebtedness that by its terms would rank senior in right of payment to the Notes or any Guarantee, as the case may be, and would rank subordinate in right of payment to any other Indebtedness of the Company or of such Subsidiary Guarantor, as the case may be.
Senior Subordinated Indebtedness. 70 6.13 Guarantees................................................................................. 70 6.14 Refinancing of Loans in Part............................................................... 70 6.15
