Subordination of the Notes. (a) Each of the Issuer and the Trustee (on behalf of the Noteholders) covenants and agrees, and each Noteholder, by its acceptance of a Note, covenants and agrees, that the Notes of each class shall be issued subject to the provisions of this Article X. Each Noteholder, by its acceptance of a Note, further agrees that all amounts payable on any Note shall, to the extent provided in Section 3.6 and in the manner set forth in this Article X, be subordinated in right of payment to the prior payment in full of all accrued and unpaid government taxes, filing fees and registration fees to any federal, state or local government entities (excluding in each case federal, state and local income taxes) owed by the Issuer (if any) and all Administrative Expenses payable to the Service Providers pursuant to this Indenture and the other Transaction Documents. Each Noteholder of a Subordinated Note, by its acceptance of a Subordinated Note, further agrees that all amounts payable on any Subordinated Note shall, to the extent provided in Section 3.6 and in the manner set forth in this Article X, be subordinated in right of payment to the payment in full of the Original Notes (and any Refinancing Notes in respect of the Original Notes). Any claim to payment so stated to be subordinated is referred to as a “Subordinated Claim”; each claim to payment to which another claim to payment is a Subordinated Claim is referred to as a “Senior Claim” with respect to such Subordinated Claim.
Subordination of the Notes. (a) Each of the Issuer and the Trustee (on behalf of the Noteholders) covenants and agrees, and each Noteholder, by its acceptance of a Note, covenants and agrees, that the Notes of each class will be issued subject to the provisions of this Article X. Each Noteholder, by its acceptance of a Note, further agrees that all amounts payable on any Note will, to the extent and in the manner set forth in this Article X and Section 3.7, be subordinated in right of payment to the prior payment in full of all Expenses payable to the Service Providers pursuant to this Indenture and the other Transaction Documents. Each Noteholder of a Class B Note, by its acceptance of a Class B Note, further agrees that all amounts payable on any Class B Note will, to the extent and in the manner set forth in this Article X and Section 3.7, be subordinated in right of payment to the payment in full of the Class A Notes. Any claim to payment so stated to be subordinated is referred to as a “Subordinated Claim”; each claim to payment to which another claim to payment is a Subordinated Claim is referred to as a “Senior Claim” with respect to such Subordinated Claim.
Subordination of the Notes. 27 17.1. Note Subordinate to Senior Debt ................................................................... 27 17.2. No Payment When Senior Debt in Default; Payment Over of Proceeds Upon Dissolution, Etc. ................................................................... 28 17.3. Payment Permitted If No Default................................................................... 29 17.4. Subrogation to Rights of Holders of Senior Debt ......................................... 29 17.5. Provisions Solely to Define Relative Rights ................................................. 30 17.6. No Waiver of Subordination Provisions ........................................................ 30 17.7.
Subordination of the Notes. Section 10.1. Agreement to Subordinate................................................... 72 Section 10.2. Liquidation, Dissolution, Bankruptcy....................................... 72 Section 10.3. Default on Senior Indebtedness of the Company.............................. 72 Section 10.4. Acceleration of Payment of Notes........................................... 73 Section 10.5. When Distribution Must Be Paid Over........................................ 73 Section 10.6. Subrogation................................................................ 74 Section 10.7. Relative Rights............................................................ 74 Section 10.8. Subordination May Not Be Impaired by Company............................... 74 Section 10.9. Rights of Trustee and Paying Agent......................................... 74 Section 10.10. Distribution or Notice to Representative.................................. 75 Section 10.11. Article X Not to Prevent Events of Default or Limit Right to Accelerate... 75 Section 10.12. Trust Moneys Not Subordinated............................................. 75 Section 10.13. Trustee Entitled to Rely.................................................. 75
Subordination of the Notes. Payment of principal of, premium on, if any, and interest, if any, on, the Notes is subordinated to the prior payment of Issuer Senior Debt on the terms provided in the Indenture.
Subordination of the Notes. 51 Section 10.1 Agreement to Subordinate.....................................................51 Section 10.2 Liquidation, Dissolution, Bankruptcy.........................................51 Section 10.3 Default on Senior Indebtedness of the Company................................51 Section 10.4 Acceleration of Payment of Notes.............................................52 Section 10.5 When Distribution Must Be Paid Over..........................................53 Section 10.6 Subrogation..................................................................53 Section 10.7
Subordination of the Notes. Section 10.1 Agreement to Subordinate 79 Section 10.2 Liquidation, Dissolution, Bankruptcy 80 Section 10.3 Default on Designated Senior Indebtedness of the Company 80 Section 10.4 Acceleration of Payment of Notes 81 Section 10.5 When Distribution Must Be Paid Over 81 Section 10.6 Subrogation 81
Subordination of the Notes. Except as may be provided in a Future Supplemental Indenture, with respect to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Twelve of the Base Indenture shall be replaced in its entirety with the following: ARTICLE TWELVE SUBORDINATION OF THE NOTES
Subordination of the Notes. (a) Each of the Issuer and the Trustee (on behalf of the Holders of each class of Notes) covenants and agrees, and each Holder, by its acceptance of a Note, covenants and agrees, that the Notes of each class will be issued subject to the provisions of this Article X; and each Holder, by its acceptance of a Note, agrees that all amounts payable on any Note will, to the extent and in the manner set forth in this Article X, Section 3.08 and , if applicable, Section 3.09 hereof, be subordinated in right of payment to the prior payment in full of all Expenses payable to the Service Providers pursuant to this Indenture and the Related Documents. In addition, each Holder, by its acceptance of a Note, agrees that (i) all amounts payable on any Class A Note will, to the extent and in the manner set forth in this Article X and Section 3.08 hereof, be subordinated in right of payment to all payments under any Primary Eligible Credit Facilities; (ii) all amounts payable on any Class B Note will, to the extent and in the manner set forth in this Article X and Section 3.08 hereof, be subordinated in right of payment to all payments under any Primary Eligible Credit Facilities, the payment in full of the Class A Notes and all Swap Payments (other than Subordinated Swap Payments) payable to any Swap Provider pursuant to any Swap Agreement; (iii) all amounts payable on any Class C Note will, to the extent and in the manner set forth in this Article X and Section 3.08 hereof, be subordinated in right of payment to all payments under any Primary Eligible Credit Facilities, the payment in full of the Class A Notes, all Swap Payments (other than Subordinated Swap Payments) payable to any Swap Provider pursuant to any Swap Agreement and the Class B Notes and (iv) all amounts payable on any Class D Note will, to the extent and in the manner set forth in this Article X and Section 3.08, be subordinated in right of payment to the payment in full to all payments under any Primary Eligible Credit Facilities, the payment in full of the Class A 110 Notes, all Swap Payments (other than Subordinated Swap Payments) payable to any Swap Provider pursuant to any Swap Agreement, the Class B Notes and the Class C Notes. Any claim to payment so stated to be subordinated is referred to as a "Subordinated Claim"; each claim to payment to which another claim to payment is a Subordinated Claim is referred to as a "Senior Claim" with respect to such Subordinated Claim.
Subordination of the Notes. SECTION 10.01.
