Common use of Agreement to Subordinate; Addition of Subordinated Creditors and Subordinated Debt Clause in Contracts

Agreement to Subordinate; Addition of Subordinated Creditors and Subordinated Debt. (a) Each of the Subordinated Creditors severally agrees with and for the benefit of each of the Senior Creditors that all Subordinated Debt (whether now existing or from time to time after the date hereof incurred, assumed, created or arising) owing to it is hereby expressly subordinated and made junior in right of payment, to the extent and in the manner hereinafter provided in this Article II, to the prior payment in full of all Senior Debt (whether now existing or from time to time after the date hereof incurred, assumed, created or arising).

Agreement to Subordinate; Addition of Subordinated Creditors and Subordinated Debt. (a) 11. Each of the Subordinated Creditors severally agrees with and for the benefit of each of the Senior Creditors that all Subordinated Debt (whether now existing or from time to time after the date hereof hereof, incurred, assumed, created or arising) owing to it is hereby expressly subordinated and made junior in right of payment, to the extent and in the manner hereinafter provided in this Article II, to the prior payment in full of all Senior Debt (whether now existing or from time to time after the date hereof hereof, incurred, assumed, created or arising).