Common use of Non-Subordination Clause in Contracts

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 Notes shall never be in a position subordinate to any indebtedness owing to any other creditor of any of the BorrowerObligated Parties.

Non-Subordination. The Notes 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 pursuant to the terms hereof or with the knowledge and written consent of the Lender.