Common use of Miscellaneous Subordination Provisions Clause in Contracts

Miscellaneous Subordination Provisions. (a) The subordination provisions contained herein are solely for the benefit of the holders from time to time of Senior Indebtedness and their representatives, assignees and beneficiaries and may not be rescinded, cancelled, amended or modified in any way. No holder of Subordinated Indebtedness shall subordinate any Subordinated Indebtedness to any indebtedness or obligation of the Borrower or any Guarantor other than Senior Indebtedness.

Miscellaneous Subordination Provisions. (a) The subordination provisions contained herein are solely for the benefit of the holders from time to time of Senior Indebtedness and their representatives, assignees and beneficiaries and may not be rescinded, cancelled, amended or modified in any wayway other than any amendment or modification that would not adversely affect the rights of any holder of Senior Indebtedness. No holder of Subordinated Indebtedness shall subordinate any Subordinated Indebtedness to any indebtedness or obligation of the Borrower Company or any Guarantor other than Senior Indebtedness.

Miscellaneous Subordination Provisions. (a) The subordination provisions contained herein are solely for the benefit of the holders from time to time of Senior Indebtedness Obligations and their representatives, assignees and beneficiaries and may not be rescinded, cancelled, amended or modified in any way. No way other than any amendment or modification that would not adversely affect the rights of any holder of Subordinated Indebtedness Senior Obligations. Guarantor shall not subordinate any Subordinated Indebtedness Obligations to any indebtedness or obligation of the Borrower or any Guarantor Company other than the Senior IndebtednessObligations.