DEBT SUBORDINATION/PERMITTED PAYMENTS. (a) Subject to the provisions of paragraph 4(c) and 4(d) hereof relating to payments on the Junior Creditor Obligations that are permitted to be made to the extent and under the circumstances set forth in paragraphs 4(c) and 4(d), Junior Creditor hereby postpones and subordinates all of the Junior Creditor Obligations to the full and final payment and discharge of all of the Senior Creditor Obligations.
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Samples: Bridge Loan and Security Agreement (Eltrax Systems Inc), Subordination Agreement (Eltrax Systems Inc)
DEBT SUBORDINATION/PERMITTED PAYMENTS. (a) Subject to the provisions of paragraph 4(c) and 4(d) hereof relating to payments on the Junior Creditor Obligations that are permitted to be made to the extent and under the circumstances set forth in paragraphs paragraph 4(c) and 4(d), Junior Creditor hereby postpones and subordinates all of the Junior Creditor Obligations to the full and final payment and discharge of all of the Senior Creditor Obligations.
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DEBT SUBORDINATION/PERMITTED PAYMENTS. (a) Subject to the provisions of paragraph 4(c) and 4(d3(c) hereof relating to payments on the Junior Creditor Obligations that are permitted to be made to the extent and under the circumstances set forth in paragraphs 4(c) and 4(dparagraph 3(c), Junior Creditor hereby postpones and subordinates all of the Junior Creditor Obligations to the full and final payment and discharge of all of the Senior Creditor Obligations.
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