Common use of Continuing Subordination Clause in Contracts

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.

Appears in 3 contracts

Samples: Priority Agreement, Priority Agreement (Smurfit Kappa Acquisitions), Priority Agreement (JSG Funding PLC)

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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 DebtLiabilities, 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 Liabilities in whole or in part.

Appears in 2 contracts

Samples: Central European Distribution Corp, Central European Distribution Corp

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Continuing Subordination. The subordination and priority provisions in this Deed deed constitute a continuing subordination and priority arrangements 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.

Appears in 1 contract

Samples: Agreement (Electronic Cigarettes International Group, Ltd.)

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