Common use of Subordinated Indebtedness Clause in Contracts

Subordinated Indebtedness. The subordination provisions applicable to any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; or

Appears in 3 contracts

Samples: Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc)

AutoNDA by SimpleDocs

Subordinated Indebtedness. The subordination provisions applicable to in the documentation for any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; or

Appears in 2 contracts

Samples: Credit Agreement (Brightpoint Inc), Credit Agreement (Brightpoint Inc)

Subordinated Indebtedness. The subordination provisions applicable to contained in any document evidencing, relating to, or creating any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against as to any holder of such Subordinated Indebtedness; or

Appears in 2 contracts

Samples: Note Purchase Agreement (American Seafoods Corp), Credit Agreement (American Seafoods Corp)

Subordinated Indebtedness. The subordination provisions applicable to of any agreement or instrument governing any Subordinated Indebtedness shallshall for any reason be revoked or invalidated, in each case, in whole or in part, terminate, otherwise cease to be effective in full force and effect, or cease to be legally validany Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligations thereunder, binding and enforceable against or the Obligations, for any holder of reason shall not have the priority contemplated by this Agreement or such Subordinated Indebtedness; orsubordination provisions.

Appears in 2 contracts

Samples: Credit Agreement (Essex Rental Corp.), Credit Agreement (Essex Rental Corp.)

Subordinated Indebtedness. The subordination provisions applicable to contained in the documentation evidencing (or relating to) any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, shall cease to be effective in full force and effect or cease to give the Lenders the rights, powers and privileges purported to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; orcreated thereby.

Appears in 1 contract

Samples: Credit Agreement (Glenayre Technologies Inc)

Subordinated Indebtedness. The subordination provisions applicable to contained in any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, shall cease to be effective in full force and effect or shall cease to give the Lenders the rights, powers and privileges purported to be legally valid, binding and enforceable against any holder of such Subordinated Indebtednesscreated thereby; or

Appears in 1 contract

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.)

Subordinated Indebtedness. The subordination provisions applicable to set forth in any Permitted Subordinated Indebtedness Document shall, in each case, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any holder of such Subordinated subordinated Indebtedness; or

Appears in 1 contract

Samples: Credit Agreement (Neff Rental Inc)

AutoNDA by SimpleDocs

Subordinated Indebtedness. The subordination provisions applicable to any Subordinated Indebtedness shall, in each case, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; or.

Appears in 1 contract

Samples: Credit Agreement (Celestica Inc)

Subordinated Indebtedness. The Unless waived or consented to in accordance with Section 12.2, the subordination provisions applicable to contained in any agreement governing Subordinated Indebtedness shall, in each case, in whole or in part, terminate, shall cease to be effective in full force and effect or shall cease to give the Lenders the rights, powers and privileges purported to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; orcreated thereby.

Appears in 1 contract

Samples: Assignment and Assumption (Mitel Networks Corp)

Subordinated Indebtedness. The subordination provisions applicable to any Subordinated Indebtedness shall, in each case, shall in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness; or.

Appears in 1 contract

Samples: Credit Agreement (Balchem Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.