Common use of Preservation of Junior Debt Clause in Contracts

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the Borrower and HoldCo or HoldCo and the Sponsor (or any Intermediate HoldCo), be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Junior Finance Documents.

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the Borrower and HoldCo or HoldCo and the Sponsor (or any Intermediate HoldCo)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 Junior Finance Documents.

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between each Obligor, each member of the Borrower and HoldCo or HoldCo Group and the Sponsor (or any Intermediate HoldCo)Junior Finance Parties, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Junior Finance Documents.

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the Borrower and HoldCo or HoldCo and the Sponsor (or any Intermediate HoldCo)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 Junior Finance Documents.. A08005565 13

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the Borrower and HoldCo or HoldCo Obligors, the Intercompany Borrowers and the Sponsor (or any Intermediate HoldCo)Junior Creditors, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Junior Bridge Finance Documents, the High Yield Notes Finance Documents, the High Yield Notes On-Loan, the Investor Documents or the Intercompany Documents (as the case may be).

Preservation of Junior Debt. (a) 23.1.1 Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the Borrower and HoldCo or HoldCo Obligors, the Intercompany Borrowers and the Sponsor (or any Intermediate HoldCo)Junior Creditors, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Junior High Yield Notes Finance Documents, the High Yield Notes On-Loan Documents, the Investor Documents or the Intercompany Documents (as the case may be).

Preservation of Junior Debt. (a) Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Junior Debt, the relevant Junior Debt shall, as between the each Subordinated Borrower and HoldCo or HoldCo and the Sponsor (or any Intermediate HoldCo)Subordinated Creditors, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Junior Finance Documents.