Common use of Subordination Provisions Clause in Contracts

Subordination Provisions. The subordination provisions contained in all notes, debentures and other instruments entered into or issued in respect of Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective terms, and the Loans and all other Obligations are within the definitions of “Senior Indebtedness”, or other comparable definition, included in such provisions.

Appears in 5 contracts

Samples: Pledge Agreement (Novamed Inc), Credit Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

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Subordination Provisions. The subordination provisions contained in all notes, debentures and other instruments entered into or issued in respect of Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective terms, and the Loans and all other Obligations are within the definitions of "Senior Indebtedness", or other comparable definition, included in such provisions.

Appears in 3 contracts

Samples: Credit Agreement (Novamed Eyecare Inc), Credit Agreement (Novamed Eyecare Inc), Credit Agreement (Novamed Eyecare Inc)

Subordination Provisions. The subordination provisions contained in all notes, debentures and other instruments entered into or issued in respect of Subordinated Debt and Permitted Seller Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations and all Permitted Foreign Subsidiary Indebtedness entitled to the benefits of any Loan Document and any related guaranty are within the definitions of "Senior Indebtedness", or other comparable definition, included in such provisions.

Appears in 3 contracts

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

Subordination Provisions. The subordination provisions contained in all notes, debentures debentures, agreements and other instruments entered into or issued in respect of the Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations entitled to the benefits of any Loan Document are within the definitions of "Senior Indebtedness", or other comparable definition, included in such provisions.

Appears in 2 contracts

Samples: Credit Agreement (Abc Naco Inc), Credit Agreement (Abc Rail Products Corp)

Subordination Provisions. The subordination provisions ------------------------ contained in all notes, debentures and other instruments entered into or issued in respect of Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective terms, and the Loans and all other Obligations are within the definitions of "Senior Indebtedness", or other comparable definition, included in such provisions.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

Subordination Provisions. The subordination provisions contained in all notes, debentures debentures, agreements and other instruments entered into or issued in respect of the Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations entitled to the benefits of any Loan Document are within the definitions of "Senior Indebtedness”, ," or other comparable definition, included in such provisions.

Appears in 1 contract

Samples: Credit Agreement (Abc Naco Inc)

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Subordination Provisions. The subordination provisions contained in all notes, debentures and other instruments entered into or issued in respect of Subordinated Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations are within the definitions of "Senior Indebtedness", or other comparable definition, included in such provisions, it being understood and agreed that the Indebtedness listed in item 2 of Schedule 8.05 contains limitations on the amount of "Senior Indebtedness" subject to such provisions.

Appears in 1 contract

Samples: Credit Agreement (Waterlink Inc)

Subordination Provisions. The subordination provisions contained in all notes, debentures ------------------------ the Senior Subordinated Note Documents and other instruments entered into or issued in respect of Subordinated any Permitted Seller Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations entitled to the benefits of any Loan Document and any related guaranty are within the definitions of "Senior Indebtedness”, or other comparable definition, " included in such provisions.

Appears in 1 contract

Samples: Credit Agreement (Impac Group Inc /De/)

Subordination Provisions. The subordination provisions contained in all notes, debentures the Senior Subordinated Note Documents and other instruments entered into or issued in respect of Subordinated any Permitted Seller Debt are enforceable against the issuer of the respective security and the holders thereof in accordance with their respective termsthereof, and the Loans and all other Obligations entitled to the benefits of any Loan Document and any related guaranty are within the definitions of "Senior Indebtedness”, or other comparable definition, " included in such provisions.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Kf-Delaware Inc)

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