Common use of Non-Subordination Clause in Contracts

Non-Subordination. The Note shall never be in a position subordinate to any indebtedness owing to any other creditor of the Company, except to the extent that such other creditor may hold a lien or liens on specific assets of the Company which do not constitute Collateral, or with the knowledge and written consent of the Bank.

Non-Subordination. The Note shall never be in a position subordinate to any indebtedness owing to any other creditor of the CompanyBorrower, except to the extent that such other creditor may hold a lien or liens on specific assets of the Company which do not constitute Collateral, Borrower pursuant to the terms hereof or with the knowledge and written consent of the BankLender.

Non-Subordination. The Note Notes shall never be in a position subordinate to any indebtedness owing to any other creditor of the CompanyBorrower, except to the extent that such other creditor may hold a lien or liens on specific assets of the Company which do not constitute Collateral, Borrower pursuant to the terms hereof or with the knowledge and written consent of the BankLender.

Non-Subordination. The Note shall never be in a position subordinate to any indebtedness owing to any other creditor of the CompanyBorrower, except to the extent that such other creditor may hold a lien or liens on specific assets of the Company Borrower which do not constitute Collateral, or with the knowledge and written consent of the Bank.