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Common use of NO SUBORDINATION Clause in Contracts

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

Appears in 4 contracts

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

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

Appears in 3 contracts

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

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

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which it any Obligor 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 under subject to this Agreement or to any other Credit Document to which it is a party to any obligation of its other obligationsit.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)