Intra-Group Liabilities and Subordinated Liabilities. (a) Each of the Parties agrees that the Intra-Group Liabilities and Subordinated Liabilities are postponed and subordinated to the Liabilities owed by the Debtors or the Security Grantors to the Primary Creditors. (b) This Agreement does not purport to rank any of the Intra-Group Liabilities and Subordinated Liabilities as between themselves.
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Samples: Senior Facilities Agreement (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC)
Intra-Group Liabilities and Subordinated Liabilities. (a) Each of the Parties agrees that (i) the Intra-Group Intra‑Group Liabilities and (ii) the Subordinated Liabilities are are, subject to the terms of this Agreement, postponed and subordinated to the Liabilities owed by the Debtors or the Security Grantors to the Primary Creditors.
(b) This Agreement does not purport to rank any of the Intra-Group Liabilities and the Subordinated Liabilities as between themselves.
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