Example ContractsClausesdefault as to other indebtednessIdentical
Default as to Other Indebtedness
Default as to Other Indebtedness contract clause examples

No OtherDesignated Senior Indebtedness”. No Borrower shall designate, nor permit the designation of, any Indebtedness (other than under this Agreement or the other Loan Documents) asDesignated Senior Indebtedness” or any other similar term for the purpose of the definition of the same or the subordination provisions contained in the documentation for all Indebtedness that is subordinated in right of payment to the Obligations (if applicable) or any Permitted Refinancing Indebtedness in respect thereof.

Amendment No. 3 to Credit Agreement
Source: SEC EDGAR database • Date: September 1, 2021 • SIC: 2890 • CIK: 2890

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.