Common use of Subordination Terms Clause in Contracts

Subordination Terms. The payment by the Issuer or the Guarantors, as applicable, of the principal of (and premium, if any), interest, on any Securities issued hereunder or the Guarantees, shall be subordinated to the extent set forth in an indenture supplemental hereto relating to such Securities or Guarantees, as applicable.

Subordination Terms. The payment by the Issuer or the Guarantors, as applicable, Issuers of the principal of (and of, premium, if any), interest, and interest on any Securities series of Notes issued hereunder or and the Guaranteespayment by the Guarantors with respect to the related Guaranties, shall be subordinated to the extent established in or pursuant to a Board Resolution, and set forth in an indenture Officer’s Certificate, or established in one or more indentures supplemental hereto relating to such Securities or Guarantees, as applicableNotes.