Examples of Permitted Pari Passu Indebtedness in a sentence
All payments due under this Note (a) shall rank pari passu with all Other Notes and the Permitted Pari Passu Indebtedness and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries other than Permitted Senior Indebtedness.
All payments due under this Note (a) shall rank pari passu with all Other Notes and the Permitted Pari Passu Indebtedness and (b) shall be senior to all other Indebtedness of the Company and any of its Subsidiaries (other than any Foreign Subsidiary (as defined in the Security Documents)), other than Permitted Senior Indebtedness.
The Company will not, and will not permit any Subsidiary to, directly or indirectly, enter into, create, incur, assume or suffer to exist Indebtedness of any kind, on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom, that is senior in any respect to the Company’s obligations under the Debentures or that is pari passu with the Company's obligations under the Debentures other than the Permitted Pari Passu Indebtedness.
The Company may incur Permitted Pari Passu Indebtedness and use the proceeds of such Indebtedness to pay the Holder Optional Redemption Amount.
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