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Common use of NO SUBORDINATION Clause in Contracts

NO SUBORDINATION. The obligations of Borrower under this Agreement, are not subordinated in right of payment or in lien priority to any obligation of Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Lone Star Steakhouse & Saloon Inc), Loan Agreement (T Netix Inc), Loan Agreement (T Netix Inc)

NO SUBORDINATION. The obligations of Borrower and Guarantor under this AgreementAgreement and the Loan Documents, are not subordinated in right of payment or in lien priority to any obligation of BorrowerBorrower or Guarantor.

Appears in 2 contracts

Samples: Loan Agreement (Total Entertainment Restaurant Corp), Loan Agreement (Total Entertainment Restaurant Corp)

NO SUBORDINATION. The obligations of Borrower and Guarantor under this Agreement, Agreement and the Loan Documents are not subordinated in right of payment or in lien priority to any obligation of BorrowerBorrower or Guarantor.

Appears in 2 contracts

Samples: Loan Agreement (Total Entertainment Restaurant Corp), Loan Agreement (Total Entertainment Restaurant Corp)

NO SUBORDINATION. The obligations of Borrower under this Agreement, Agreement or the Promissory Note are not subordinated in right of payment or in lien priority to any obligation of Borrower.

Appears in 1 contract

Samples: Credit Agreement (G&l Realty Corp)