Common use of Borrower’s Obligations Absolute Clause in Contracts

Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note. Nothing herein shall impair, as between the Borrower and the Senior Creditor, its successors or assigns, as the holder of any Senior Debt, the obligations of the Borrower, which are unconditional and absolute, to pay to the holder thereof the Senior Debt, in accordance with the terms of the Senior Loan Agreement. Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.

Borrower’s Obligations Absolute. The provisions of this -------------------------------- Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note. Nothing herein shall impair, as between the Borrower and the Senior Creditor, its successors or assigns, as the holder of any Senior Debt, the obligations of the Borrower, which are unconditional uncondi-tional and absolute, to pay to the holder thereof the Senior Debt, in accordance with the terms of the Senior Loan Agreement. Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.

Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note. Nothing herein shall impair, as between the Borrower and the Senior Creditor, its successors or assigns, as the holder of any Senior Debt, the obligations of the Borrower, which are unconditional and absolute, to pay to the holder thereof the Senior Debt, in E-109 accordance with the terms of the Senior Loan Agreement. Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.

Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note. Nothing herein shall impair, as between the Borrower and the Senior Creditor, its successors or assigns, as the holder of any Senior Debt, the obligations of the Borrower, which are unconditional uncondi- tional and absolute, to pay to the holder thereof the Senior Debt, in accordance with the terms of the Senior Loan Agreement. Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.