Common use of Indebtedness of a Restricted Subsidiary Clause in Contracts

Indebtedness of a Restricted Subsidiary. owing to a Borrower or another Restricted Subsidiary; provided that if a Credit Party incurs such Indebtedness owing to a Restricted Subsidiary that is not a Credit Party, such Indebtedness is subordinated in right of payment to the Obligations of such Credit Party; provided further that any subsequent transfer of any such Indebtedness (except to a Credit Party or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause;

Indebtedness of a Restricted Subsidiary. owing to a the Borrower or another Restricted Subsidiary; provided that if a Credit Party incurs such Indebtedness owing to a Restricted Subsidiary that is not a Credit Party, such Indebtedness is subordinated in right of payment to the Obligations Guarantee of such Credit PartyGuarantor as the case may be; provided further provided, further, that any subsequent transfer of any such Indebtedness (except to a Credit Party the Borrower or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clauseclause (h);