Examples of Senior Subordinated Debt in a sentence
Senior Subordinated Debt We may issue senior subordinated debt securities under the indenture.
No Company shall create, assume or suffer to exist any Lien upon any of its property or assets, whether now owned or hereafter acquired; provided that this Section shall not apply to Permitted Liens and Liens securing the Senior Subordinated Debt so long as such Liens are in compliance with the terms of the Senior Subordination Agreement.
In addition, Borrowers shall have delivered to Agent a copy of the Senior Subordinated Debt Documents, in form and substance satisfactory to Agent, in each case having been certified by an officer of Borrowers as being true and complete.
Each Company has good title to and ownership of all property it purports to own, which property is free and clear of all Liens, except Permitted Liens and Liens securing the Senior Subordinated Debt.