Further Subordination. Neither CoBank nor the Guarantor shall Continuing Guaranty/Knology Broadband, Inc. Loan No. ML0883T1 agree to any further subordination of this Guaranty.
Further Subordination. Subject to the satisfaction of the conditions set forth in Section C below on or before August 15, 2005, McKesson agrees that it will execute and deliver to Laurus Master Fund, Ltd. a subordination agreement substantially in the form of Exhibit A attached hereto (the “Amended Laurus Subordination Agreement”) that amends and restates that certain “Subordination Agreement” dated as of May , 2005 and executed by McKesson in favor of Laurus Master Fund, Ltd. (the “Original Laurus Subordination Agreement”), pursuant to which, among other things, the amount of the Senior Indebtedness (as defined in the Original Laurus Subordination Agreement) to be secured by the Senior Liens (as defined in the Original Laurus Subordination Agreement) shall be capped at $15,000,000 for principal rather than $10,000,0000 for principal, subject to the terms and conditions therein. Accentia Biopharmaceuticals, Inc. August 15, 2005
Further Subordination. Neither CoBank nor the Guarantor shall agree to any further subordination of this Guaranty.
Further Subordination. Tenant, for itself and its successors and --------------------- assigns, agrees that, without the prior written consent of the Agent, Tenant will not (a) enter into any subordination agreement with any person other than the Agent; or (b) agree to attorn to or recognize any purchaser of the Property at any foreclosure sale under any lien other than that of the Mortgage or any transferee who acquires the Property by deed in lieu of foreclosure or otherwise under any lien other than that of the Mortgage (provided, however, that this provision shall not be deemed to constitute the Agent's consent to the placing of any lien other than the Mortgage on the Property).
Further Subordination. Except as otherwise may be required pursuant to the terms of the Lease, so long as the Mortgage is in effect, Lessee covenants and agrees not to subordinate or permit the subordination of the Lease to any mortgage or other lien encumbering the Premises at any time, other than the Mortgage and any replacement, renewal, consolidation, substitution, extension, modification, spreader and splitter thereof. Notwithstanding anything to the contrary herein, Tenant shall have the right to place a lien on its personal property, trade fixtures, inventory, equipment, furniture and furnishings, accounts, books or records and other assets.
Further Subordination. Notwithstanding any provision of this Agreement to the contrary, all rights of the Subsidiary Guarantors under Section 8 and Section 9 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise arising in connection with this Agreement shall be fully subordinated to the indefeasible payment in full in cash of the Guaranteed Obligations. No failure on the part of Amylin or any Subsidiary Guarantor to make the payments required under applicable law shall in any respect limit the obligations and liabilities of any Subsidiary Guarantor with respect to its obligations hereunder, and each Subsidiary Guarantor shall remain liable for the full amount of the obligations of such Subsidiary Guarantor hereunder, subject to Section 21.
Further Subordination. All existing unsecured debt Borrower owes to the Xxxxxx X. Xxxxxxx Trust (As Restated) dated December 13, 2001 (“Mihaylo Trust”) and/or Xxxxxx X. Xxxxxxx (“Xxxxxxx”) shall have equal priority with the Xxxxx Secured Debt and the Xxxxx Secured Debt.
Further Subordination. Tenant covenants and agrees not to subordinate the Lease to any mortgage or other lien encumbering the Premises at any time, other than the Mortgage and any replacement, renewal, consolidation, substitution, extension, modification, spreader and splitter thereof, until all sums due under the Loan Documents have been finally paid in full.
Further Subordination. Tenant, for itself and its successors and assigns, agrees that, without the prior written consent of Bank, Tenant shall not: (a) enter into any subordination agreement with any person other than Bank; or (b) agree to attorn to or recognize any purchaser of the Property at any foreclosure sale under any lien other than that of Bank or any transferee who acquires the Property by deed in lieu of foreclosure or otherwise under any lien other those of the Mortgage Documents (provided, however, that this provision shall not be deemed to constitute Bank’s consent to the placing of any lien, other than as created by the Mortgage Documents, on the Property).
Further Subordination. Neither the Holder nor any obligor with respect to the Subordinated Debt shall agree to any further subordination of the Subordinated Debt.
