Common use of No Subordination of the Relative Priority of Claims Clause in Contracts

No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination of the Liens of Second Lien Claimholders to the Liens of First Lien 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 Second Lien Obligations to the First Lien Obligations.

No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination of the Secondary Liens of Second Lien Claimholders to the Prior Liens of First Lien 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 Second Lien any Obligations secured by Secondary Liens to the First Lien Obligationsany Obligations secured by Prior Liens.

No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein notwithstanding, the subordination of the Liens of Second Lien Notes Claimholders to the Liens of First Lien Credit Facility 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 Second Lien Notes Obligations to the First Lien Obligations.