Common use of Subordination of Guarantee Clause in Contracts

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Senior Debt of such Guarantor on the same basis as the Securities are junior and subordinated to Senior Debt of the Issuer. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities pursuant to this Indenture, including Article Ten hereof.

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the applicable Guarantor Senior Debt of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt of the Issuer. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or or retain payments by any of the 121 Guarantors only at such times as they may receive and/or or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten hereof.

Subordination of Guarantee. The obligations Obligations of each Guarantor under its Guarantee pursuant to this Article Eleven 11 shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Senior Debt Guarantee of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt of the Issuer. For the purposes of the foregoing sentence, the Trustee (on behalf of the Holders) and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten 10 hereof.

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Guarantor Senior Debt of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt of the Issuerany Co-Issuers. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten hereof.

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Guarantor Senior Debt of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt of the Issuer. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten hereof.

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Senior Debt Indebtedness of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt Indebtedness of the IssuerCompany. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten 12 hereof.

Subordination of Guarantee. The obligations of each Guarantor under its Guarantee pursuant to this Article Eleven shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents of the Guarantor Senior Debt of such Guarantor on the same basis as the Securities are junior and subordinated to Senior Debt of the Issuer. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities pursuant to this Indenture, including Article Ten hereof.

Subordination of Guarantee. The obligations Obligations of each Guarantor under its Guarantee pursuant to this Article Eleven 11 shall be junior and subordinated to the prior payment in full in cash or Cash Equivalents Guarantee of the any Senior Debt of such Guarantor on the same basis as the Securities Notes are junior and subordinated to Senior Debt of the IssuerIssuers. For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by any of the 121 Guarantors only at such times as they may receive and/or retain payments in respect of the Securities Notes pursuant to this Indenture, including Article Ten 10 hereof.