Common use of No Debt Subordination Clause in Contracts

No Debt Subordination. Nothing in this Agreement shall be construed to be or operate as a subordination of any of the Obligations owed to a Secured Creditor in right of payment to the Obligations owed to any other Secured Creditor.

Appears in 4 contracts

Sources: Intercreditor and Collateral Agency Agreement, Security Agreement, Intercreditor and Collateral Agency Agreement