Continuing Subordination. The subordination provisions in this Deed constitute a continuing subordination and benefit the ultimate balance of the Senior Debt regardless of any intermediate payment or discharge of the Senior Debt in whole or in part.
Continuing Subordination. The subordination provisions in this Agreement shall remain in full force and effect by way of continuing subordination and extend to the ultimate balance of the Senior Debt, regardless of any intermediate payment or discharge of the Senior Debt in whole or in part.
Continuing Subordination. This Agreement shall create a continuing subordination and shall:
Continuing Subordination. The subordination provisions in this Deed shall remain in full force and effect by way of continuing subordination and shall not be affected in any way by any intermediate payment or discharge in whole or in part of the Secured Liabilities.
Continuing Subordination. The subordination effected by these ------------------------ provisions is a continuing subordination and may not be modified or terminated by the Manager or any other holder of any Management Fees until all of the Senior Debt shall have been indefeasibly paid in full in cash, satisfied and discharged or otherwise defeased under the Indenture. At any time and from time to time, without consent of or notice to the Manager or any other holder of the Management Fees, and without impairing or affecting the obligations of any of them hereunder:
Continuing Subordination. The subordination and priority provisions in this Deed constitute a continuing subordination and priority and benefit to the ultimate balance of the Senior Debt, the Hedging Debt and the Note Debt respectively regardless of any intermediate payment or discharge of the Senior Debt, the Hedging Debt or the Note Debt in whole or in part.
Continuing Subordination. The subordination effected by these provisions is a continuing subordination and may not be modified or terminated by the Lender until payment in full in cash of the Senior Indebtedness. At any time and from time to time, without consent of or notice to the Lender and without impairing or affecting the obligations of the Lender hereunder but subject to the terms of the definition of "Senior Indebtedness": (i) the time for the Company's performance of, or compliance with any agreement relating to Senior Indebtedness may be modified or extended or such performance may be waived; (ii) a holder of Senior Indebtedness may exercise or refrain from exercising any rights under any agreement relating to the Senior Indebtedness; (iii) any agreement relating to the Senior Indebtedness may be revised, amended or otherwise modified for the purpose of adding or changing any provision thereof or changing in any manner the rights of the Company, any holder of Senior Indebtedness or any guarantor thereunder; (iv) payment of Senior Indebtedness or any portion thereof may be accelerated or extended or refunded or any instruments evidencing the Senior Indebtedness may be renewed in whole or in part; (v) any person liable in any manner for payment of the Senior Indebtedness may be released by a holder of Senior Indebtedness; (vi) a holder of Senior Indebtedness may make loans or otherwise extend credit to the Company whether or not any default or event of default exists with respect to such Senior Indebtedness; and (vii) a holder of Senior Indebtedness may take and/or release any lien at any time on any collateral now or hereafter securing the Senior Indebtedness and take or fail to take any action to perfect any lien at any time granted therefor, and take or fail to take any action to enforce such liens. Notwithstanding the occurrence of any of the foregoing, these subordination provisions shall remain in full force and effect with respect to the Senior Indebtedness.
Continuing Subordination. This is a continuing agreement of subordination and the Agent and the Lenders may continue, at any time and without notice to the Subordinating Creditor, to extend credit or other financial accommodations and loan monies to or for the benefit of the Borrower pursuant to, or in connection with, the Senior Debt on the faith hereof.
Continuing Subordination. The subordination effected by this Agreement is a continuing subordination and may not be modified or terminated by any Subordinated Lender or any other holder of any Subordinated Debt until all of the Senior Debt shall have been Paid in Full. At any time and from time to time, without the consent of or notice to the Subordinated Lenders or any other holder of any Subordinated Debt, and without impairing or affecting the obligations of any of them hereunder:
Continuing Subordination. This Agreement shall in all ------------------------ respects be a continuing agreement and shall remain in full force and effect, notwithstanding, without limitation, the dissolution or insolvency of the Borrower, any Debtor or any of the Subordinated Lenders. All of the agreements and obligations of each of the Subordinated Lenders under this Agreement shall remain in effect in full until all such Senior Claims (including without limitation any extensions, renewals or refinancings of any thereof and all interest and expenses relating to such Senior Claims) shall have been finally paid in cash in full and all of the Commitments shall have been terminated (subject to reinstatement if any such Senior Claims shall thereafter cease to have been paid in full in cash).
