Common use of Continuing Subordination Clause in Contracts

Continuing Subordination. This Agreement shall create a continuing subordination and shall: (a) remain in full force and effect until the Senior Creditors have received payment in cash of the full amount of the Senior Indebtedness and the Credit Agreement and all Secured Hedging Agreements to which any of the Swap Lenders is a party have been terminated; (b) be binding upon the Subordinated Creditor, the Borrower and their respective successors and assigns; and (c) enure, together with the rights and remedies of the Senior Creditors hereunder, to the benefit of and be enforceable by the Senior Creditors and their respective successors and assigns.

Continuing Subordination. This Agreement shall create a continuing subordination and shall: (a) remain in full force and effect until the Senior Creditors have Creditor has received payment in cash of the full amount of the Senior Indebtedness and the Credit Agreement and all Secured Hedging Agreements to which any of the Swap Lenders is a party have been terminatedIndebtedness; (b) be binding upon the Subordinated Creditor, the Borrower and their respective successors and assigns; and (c) enure, together with the rights and remedies of the Senior Creditors Creditor hereunder, to the benefit of and be enforceable by the Senior Creditors Creditor and their respective successors and assigns.

Continuing Subordination. This Agreement shall create a continuing subordination and shall:; (a) remain in full force and effect until the Senior Creditors have Creditor has received full and final payment in cash of the full amount of the Senior Indebtedness Obligations, and the Credit Restated Letter Agreement and all Secured Hedging Agreements Swap Arrangements to which the Senior Creditor or any affiliate of the Swap Lenders Senior Creditor is a party have been terminated; (b) be binding upon the Subordinated Creditor, StarPoint, the Borrower Partnership and the Note Trustee and their respective successors and assignsassigns (including any successor by reason of amalgamation); and (c) enure, together with the rights and remedies of the Senior Creditors Creditor hereunder, to the benefit of and be enforceable by the Senior Creditors Creditor and their its respective successors and assigns.