Common use of No Alteration of Priority Clause in Contracts

No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or (to the extent permitted in Section 14(a) hereof) refinancing of any of the Senior Indebtedness or any Junior Indebtedness nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral. The Secured Creditors consent to the Obligors' granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement (Abraxas Petroleum Corp), Intercreditor and Subordination Agreement (AFG Enterprises USA, Inc.)

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No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, or (to the extent permitted in Section 14(a) hereof) refinancing of any of the Senior Indebtedness or any Junior Indebtedness Secured Creditor Indebtedness, nor by any action or inaction which any either Secured Creditor may take or fail to take in respect of the Collateral, or otherwise. The Each Secured Creditors consent Creditor consents to the Obligors' Debtor's granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Samuels Jewelers Inc)

No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or (to the extent permitted in Section 14(a) hereof) refinancing of any of the Senior Indebtedness or any Junior Indebtedness nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral. The Secured Creditors consent to the Obligors' Obligor's granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Firepond, Inc.)

No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or (to the extent permitted in Section 14(a) hereof) refinancing of any of the Senior Indebtedness or any Junior Indebtedness nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral. The Secured Creditors consent to the Obligors' granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Enherent Corp)

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No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or (to the extent permitted in Section 14(a) hereof) refinancing of any of the Senior Indebtedness or any Junior Senior Subordinated Indebtedness nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral. The Secured Creditors consent to the Obligors' granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Spatialight Inc)

No Alteration of Priority. The lien and security interest priorities provided in Section 3 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or (to the extent permitted in Section 14(a15(a) hereof) refinancing of any of the Senior Indebtedness Obligations or any Junior Indebtedness Obligations nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral. The Secured Creditors consent to the ObligorsCompany' granting to each other Secured Creditor the liens and security interests reflected in Section 3.

Appears in 1 contract

Samples: Subordination Agreement (Answers CORP)

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