NO SUBORDINATION. Except for the Existing Bonds and agreements governing the Permitted Encumbrances, there is no agreement, indenture, contract or instrument to which the Borrower is a party or by which the Borrower may be bound that requires the subordination in right of payment of the Borrower’s Obligations subject to this Agreement to any other obligation of such Borrower.
Appears in 7 contracts
Samples: Debtor in Possession Credit Agreement, Debtor in Possession Credit Agreement, Debtor in Possession Credit Agreement
NO SUBORDINATION. [Except for the [Existing Bonds and agreements governing the Permitted EncumbrancesBonds], there is no agreement, indenture, contract or instrument to which the Borrower is a party or by which the Borrower may be bound that requires the subordination in right of payment of the Borrower’s Obligations subject to this Agreement to any other obligation of such Borrower.Borrower.]8
Appears in 1 contract
