Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the benefit of Borrower, Senior Security Holders and Subordinate Lenders for the purpose of defining the relative rights of the parties thereto. Nothing herein shall impair, as between Borrower and any other party hereto, the obligations of Borrower, which are unconditional and absolute, to Senior Security Holders and to Subordinate Lenders, respectively.
Appears in 2 contracts
Samples: Subordination and Intercreditor Agreement (Hybridon Inc), Subordination and Intercreditor Agreement (Hybridon Inc)
Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the benefit of Borrower, Senior Security Holders Lender and Subordinate Lenders Lender for the purpose of defining the relative rights of the parties thereto. Nothing herein shall impair, as between Borrower and any other party hereto, the obligations of Borrower, which are unconditional and absolute, to Senior Security Holders Lender and to Subordinate LendersLender, respectively.
Appears in 2 contracts
Samples: Subordination and Intercreditor Agreement (Solo Serve Corp), Subordination and Intercreditor Agreement (Solo Serve Corp)
Borrower’s Obligations Absolute. The provisions of this Agreement are solely for the benefit of Borrower, Senior Security Holders Lenders and Subordinate Lenders for the purpose of defining the relative rights of the parties thereto. Nothing herein shall impair, as between Borrower and any other party hereto, the obligations of Borrower, which are unconditional and absolute, to Senior Security Holders Lenders and to Subordinate Lenders, respectively.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Hybridon Inc)
