Protection of Subordination. 5.1.1 The subordination in this Deed is a continuing subordination and benefits the ultimate balance of the Senior Debt.
Appears in 3 contracts
Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)
Protection of Subordination. 5.1.1 (a) The subordination in this Deed is a continuing subordination and benefits the ultimate balance of the Senior Debt. (b) Except as provided in this Deed, the subordination is, and the Subordinated Creditor’s obligations under this Deed will, not be affected by any act, omission or thing which, but for this provision, would reduce, release or prejudice the subordination or any of the Subordinated Creditor’s obligations under this Deed.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (LG&E & KU Energy LLC)
Protection of Subordination. 5.1.1 (a) The subordination in this Deed is a continuing subordination and benefits the ultimate balance of the Senior Debt.
Appears in 1 contract
Samples: Agreement (PPL Corp)
