Non-Subordination. The Obligations are not subordinated in any way to any other obligations of Borrower or to the rights of any other Person.
Non-Subordination. The obligations of the Pledgor under this Agreement are not subordinated in any way to any other obligation of the Pledgor or to the rights of others.
Non-Subordination. The payment and performance of the Obligations by Loan Parties are not subordinated in any way to any other obligations of such Loan Parties or to the rights of any other Person.
Non-Subordination. Other than with respect to the payment priorities of the Class A Loans and the Class B Loans set forth herein, none of the Obligations are subordinated in any way to any other obligations of Borrower, any other Credit Party or to the rights of any other Person.
Non-Subordination. 20 5.20 Accounts.......................................................20 5.21 Survival.......................................................20
Non-Subordination. The Landlord’s reversionary interest in the Premises and Landlord’s interest in this Lease shall be superior and prior in interest to any loans, mortgages, deeds of trust, other leases, liens and encumbrances that may hereafter be placed on the Premises, or any part thereof, by, against or as a result of the acts of Tenant or anyone deriving any interest in the Premises, or any part thereof or interest therein, through Tenant. Any loan, mortgage, deed of trust, lease, lien or encumbrance placed by Tenant on the Premises or the Improvements, or any part thereof or interest therein, shall not adversely affect Landlord’s interests under this Lease or Landlord’s interests in the Premises. Tenant agrees, without any cost or expense to Landlord, to execute any instrument which is necessary or is reasonably requested by Landlord to further confirm the non-subordination of Landlord’s reversionary interest in the Premises and Landlord’s interest in this Lease. Nothing in the foregoing shall obviate the provisions of Section 14.2 to provide a Lender Recognition Agreement.
Non-Subordination. The Notes shall never be in a position subordinate to any indebtedness owing to any other creditor of the Borrower.
Non-Subordination. The Note shall never be in a position subordinate to any indebtedness owing to any other creditor of the Borrower, except to the extent that such other creditor may hold a lien or liens on specific assets of the Borrower which do not constitute Collateral, or with the knowledge and written consent of the Bank.
Non-Subordination. The Secured Obligations are not subordinated in any way to any other obligations of the Issuer or to the rights of any other Person.
Non-Subordination. The obligations of Guarantor under this Agreement are not subordinated in any way to any other obligation of Guarantor or to the rights of any other Person, and Guarantor is not a party to or bound by any other agreement, document or instrument that otherwise relates to the Guaranteed Obligations.
