NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary is a party or by which Borrower or any Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations to any other obligation of Borrower or any Subsidiary.
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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which any Borrower or any Subsidiary is a party or by which Borrower or any Subsidiary may be bound that requires the subordination in right of payment of any of such Borrower's or Subsidiary's obligations subject to this Agreement or the other Loan Obligations Documents to any other obligation of such Borrower or any Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Guitar Center Inc)
NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any a Domestic Subsidiary is a party or by which Borrower or any a Domestic Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations of Borrower's or a Domestic Subsidiary's obligations to Bank to any other obligation of Borrower or any SubsidiaryBorrower.
Appears in 1 contract
Samples: Credit Agreement (Northwest Pipe Co)
NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary is a party or by which Borrower or any Subsidiary may be bound that requires the subordination in right of payment of any of Borrower’s or any Subsidiary’s obligations subject to this Agreement or any other Loan Obligations Document to any other obligation of Borrower or any Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Synaptics Inc)
NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which any Borrower or any Subsidiary is a party or by which any Borrower or any Subsidiary may be bound that requires any of their indebtedness to Bank in connection with this Agreement or any of the subordination other Loan Documents to be subordinated in right of to payment to any indebtedness of any Loan Obligations Borrower or any Subsidiary to any other obligation of Borrower person or any Subsidiaryentity.
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Samples: Credit Agreement (Summa Industries/)
NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any a Domestic Subsidiary is a party or by which Borrower or any a Domestic Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations of Borrower’s or a Domestic Subsidiary’s obligations to Bank to any other obligation of Borrower or any Subsidiaryexcept as set forth in the Intercreditor Agreement.
Appears in 1 contract
Samples: Credit Agreement (Northwest Pipe Co)
NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which any Borrower or any Domestic Subsidiary is a party or by which any Borrower or any Domestic Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations Borrower’s or any Domestic Subsidiary’s obligations subject to this Agreement to any other obligation of any Borrower or any Domestic Subsidiary. For the avoidance of doubt, the Term Loan shall not be considered to be subordinated as described in the immediately preceding sentence.
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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary is a party or by which Borrower or any Subsidiary may be bound that requires the subordination in right of payment of any Loan of Borrower's Obligations to any other obligation of Borrower or such Subsidiary except, with respect to any SubsidiarySubsidiary (other than Columbia USA) which could not reasonably be expected to have a Material Adverse Effect.
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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which any Borrower or any Domestic Subsidiary is a party or by which any Borrower or any Domestic Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations Borrower’s or any Domestic Subsidiary’s obligations subject to this Agreement to any other obligation of any Borrower or any Domestic Subsidiary.
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NO SUBORDINATION. There is no agreement, indenture, contract or instrument to which Borrower or any Subsidiary is a party or by which Borrower or any Subsidiary may be bound that requires the subordination in right of payment of any Loan Obligations of Borrower’s obligations subject to this Agreement to any other obligation of Borrower or any Subsidiary.
Appears in 1 contract
