Examples of Senior Subordinated Guarantees in a sentence
The Securities and Senior Subordinated Guarantees are subordinated to Senior Indebtedness, as defined in the Indenture.
The Exchange Dollar Senior Subordinated Securities and the Dollar Senior Subordinated Guarantees will be issued under an indenture (the "Dollar Senior Subordinated Notes Indenture") dated as of February 18, 2003, between the Company and the Trustee, as supplemented by the supplemental indenture dated as of February 28, 2003, among the Company, the Guarantors and the Trustee.
To the extent provided in the Indenture, Senior Indebtedness must be paid before the Securities and Senior Subordinated Guarantees may be paid.
Accordingly, each of the Guarantors has duly authorized the execution and delivery of this Indenture to provide for its Senior Subordinated Guarantees with respect to the Securities as set forth in this Indenture.
The recitals contained herein and in the Securities and in the Senior Subordinated Guarantees endorsed thereon, except the Trustee's certificates of authentication, shall be taken as the statements of the Company or the Guarantors, as the case may be, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness.