Common use of Manager Subordination Agreements Clause in Contracts

Manager Subordination Agreements. To the extent required to be -------------------------------- executed and delivered pursuant to Section 8.14, each Manager Subordination Agreement is in full force and effect and all Obligations hereunder and under the other Credit Documents are within the definition of "senior debt" or any substantially similar definition contained in the subordination provisions of each Manager Subordination Agreement.

Appears in 3 contracts

Samples: Security Agreement (Extended Stay America Inc), Credit Agreement (Extended Stay America Inc), Credit Agreement (Extended Stay America Inc)

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Manager Subordination Agreements. To the extent required to be -------------------------------- executed and delivered pursuant to Section 8.148.13, each Manager Subordination Agreement is in full force and effect and all Obligations hereunder and under the other Credit Documents are within the definition of "senior debt" or any substantially similar definition contained in the subordination provisions of each Manager Subordination Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Extended Stay America Inc)

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