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.
SECTION # Designated Senior Indebtedness”. No Borrower shall designate, nor permit the designation of,Debt. Designate any Indebtedness (other than under this Agreement orof the other Loan Documents) as “Designated Senior Indebtedness”Borrower or any other similar term for the purpose of the definitionSubsidiaries other than the Secured Obligations as “senior indebtedness” or “designated senior indebtedness” or words 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 Indebtednesssimilar import under and in respect thereof.of any other indenture, agreement or instrument under which any other Subordinated Indebtedness is outstanding.
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