Laurus Subordination Agreement Sample Clauses

Laurus Subordination Agreement. This Agreement is intended to set forth limited subordination rights as between Lender and Subordinate Lender with respect to the Priority Debt and the Subordinate Debt and is subject to the subordination of both the Priority Debt and the Subordinate Debt to the Senior Liabilities as defined and set forth in each of the Laurus-SMH Subordination Agreement and the Laurus-Popeil Subordination Agreement.