Example ContractsClausesdesignated accountIdentical
Designated Account
Designated Account contract clause examples

No Other “Designated Senior Indebtedness”. No Borrower shall designate, nor permit the designation of, any Indebtedness (other than under this Agreement or the other Loan Documents) as “Designated 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

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