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 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 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, 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 BorrowerCompany, except to the extent that such other creditor may hold a lien or liens on specific assets of the Borrower Company which do not constitute Collateral, or with the knowledge and written consent of the Bank.

Non-Subordination. The Note 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 which do not constitute Collateral, pursuant to the terms hereof or with the knowledge and written consent of the BankLender.