No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination of the Liens of Notes Claimholders to the Liens of Revolving Claimholders and of the Liens of Revolving Claimholders to the Liens of Notes Claimholders as set forth herein is with respect to the priority of the respective Liens held by or on behalf of them only and shall not constitute a subordination of the Notes Obligations to the Revolving Obligations or the Revolving Obligations to the Notes Obligations.
Appears in 6 contracts
Samples: Intercreditor Agreement (Salem Media Group, Inc. /De/), Intercreditor Agreement (Salem Media Group, Inc. /De/), Revolving Credit and Guaranty Agreement (REV Group, Inc.)
No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination of the Liens of Notes Term Claimholders to the Liens of Revolving Claimholders on the Revolving Priority Collateral and of the Liens of Revolving Claimholders to the Liens of Notes Term Claimholders on the Term Priority Collateral as set forth herein is with respect to the priority of the respective Liens held by or on behalf of them only and shall not constitute a subordination of the Notes Term Obligations to the Revolving Obligations or the Revolving Obligations to the Notes Term Obligations.
Appears in 2 contracts
Samples: Revolving Credit and Guaranty Agreement (REV Group, Inc.), Term Loan and Guaranty Agreement (REV Group, Inc.)
