Common use of Preservation of Junior Debt Clause in Contracts

Preservation of Junior Debt. Notwithstanding any term of this Deed postponing, subordinating or preventing the payment of any of the Junior Debt, the Junior Debt concerned shall, solely as between the Company and the Junior Creditor, remain owing or due and payable in accordance with the terms of the Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.

Preservation of Junior Debt. Notwithstanding any term of this Deed Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt concerned shall, solely as between the Company Borrower and the Junior Creditor, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the terms of the Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.

Preservation of Junior Debt. Notwithstanding any term of this Deed postponing, subordinating or preventing the payment of any of the Junior Debt, the Junior Debt concerned shall, solely as between the Company SPV and the Junior Creditor, remain owing or due and payable in accordance with the terms of the Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.

Preservation of Junior Debt. Notwithstanding any term of this Deed Agreement postponing, subordinating or preventing the payment of any of the Junior Debt, the Junior Debt concerned shallwill, solely as between the Company Debtor and the Junior Creditor, remain owing or due and payable in accordance with the terms of the Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.

Preservation of Junior Debt. Notwithstanding any term of this Deed Agreement postponing, subordinating or preventing the payment of any of the Junior Debt, the Junior Debt concerned shallwill, solely as between the Company and the Junior Creditor, remain owing or due and payable in accordance with the terms of the Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.

Preservation of Junior Debt. Notwithstanding any term of this Deed postponing, subordinating or preventing the payment of any of the Junior Debt, the Junior Debt concerned shall, solely as between the Company and the Junior Creditor, remain owing or due and payable in accordance with the terms of the 113 110 Junior Finance Documents, and interest and default interest will accrue on missed payments accordingly.