Common use of NO SUBORDINATION Clause in Contracts

NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Company is a party or by which Company may be bound that requires the subordination in right of payment of any of Company's obligations subject to this Agreement to any other obligation of Company.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Tandycrafts Inc), Revolving Credit Agreement (Tandycrafts Inc), Revolving Credit Agreement (Tandycrafts Inc)

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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Company it is a party or by which Company it may be bound that requires the subordination in right of payment of any of Company's its obligations subject to under this Agreement or any other Credit Document to which it is a party to any of its other obligation of Companyobligations.

Appears in 3 contracts

Samples: Credit Agreement (Phoenix Capital Group Holdings, LLC), Credit Agreement (Phoenix Capital Group Holdings I LLC), Credit Agreement (Phoenix Capital Group Holdings, LLC)

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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Company any Obligor is a party party, or by which Company an Obligor may be bound bound, that requires the subordination in right of payment of any of Company's Obligor’s obligations subject to under this Agreement to any other obligation of Company.thereof;

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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