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Common use of NO SUBORDINATION Clause in Contracts

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

Appears in 4 contracts

Samples: Credit Agreement (Arden Group Inc), Credit Agreement (Saba Software Inc), Credit Agreement (American Reprographics CO)

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

Appears in 2 contracts

Samples: Credit Agreement (Axt Inc), Credit Agreement (Axt Inc)

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

Appears in 1 contract

Samples: Credit Facility Agreement (Tidewater Inc)

NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary Guarantor of its subsidiaries is a party or by which Borrower or any Subsidiary Guarantor of its subsidiaries may be bound that requires the subordination in right of payment of (a) any of Borrower’s or any Subsidiary Guarantor’s obligations subject to this Agreement to any other obligation of Borrower or (b) any Subsidiary Guarantorobligations of any guarantor subject to the Loan Documents to which such guarantor is a party to any other obligation of such guarantor.

Appears in 1 contract

Samples: Credit Agreement (GoPro, Inc.)

NO SUBORDINATION. There Other than the Intercreditor Agreement, there is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary Guarantor is a party or by which Borrower or any Subsidiary Guarantor may be bound that requires the subordination in right of payment of any of Borrower’s or any Subsidiary Guarantor’s obligations subject to this Agreement to any other obligation of Borrower or any Subsidiary Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Saba Software Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Intermec, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Winnebago Industries Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Intermec, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Communications Systems Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Sunpower Corp)