Common use of NO SUBORDINATION Clause in Contracts

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

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

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

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

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