Common use of Provisions Define Relative Rights Clause in Contracts

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 23 contracts

Samples: Indenture (Level 3 Parent, LLC), Indenture (Level 3 Parent, LLC), Indenture (Level 3 Parent, LLC)

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Provisions Define Relative Rights. This Subordination Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the applicable Subordinated Lenders Lender and the Subordinated Borrowers Borrower on the other, and no other Person shall have any right, benefit or other interest under this Subordination Agreement.

Appears in 16 contracts

Samples: Revolving Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Borrower on the one hand and the Subordinated Lenders and the Subordinated Borrowers Intercompany Obligors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 15 contracts

Samples: Indenture (Level 3 Parent, LLC), Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 9 contracts

Samples: Senior Secured Priming and Superpriority Debtor in Possession Credit Agreement (Fairway Group Holdings Corp), Credit Agreement (Polycom Inc), Credit Agreement (Polycom Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Borrower on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 6 contracts

Samples: Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Parties on the one hand and the Subordinated Lenders Parties and the Subordinated Borrowers Specified Subsidiary Guarantors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Nabors Industries LTD), Indenture (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Borrowers, on the otherother hand, and no other Person person shall have any right, remedy, benefit or other interest under this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Enviva Partners, LP), Credit Agreement (AAC Holdings, Inc.), Credit Agreement (Enviva Partners, LP)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender on the one hand and the Subordinated Lenders and the Subordinated Borrowers Lender on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 4 contracts

Samples: Intercreditor and Subordination Agreement (Industrial Services of America Inc), Intercreditor and Subordination Agreement (Industrial Services of America Inc), Intercreditor and Subordination Agreement (Industrial Services of America Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender on the one hand and the Subordinated Lenders and the Subordinated Borrowers Lender on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 4 contracts

Samples: Intercreditor and Subordination Agreement (XZERES Corp.), Subordination Agreement (Mei Holdings L P), Subordination Agreement (Mei Genpar Lp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 4 contracts

Samples: Subordination Agreement (Primal Solutions Inc), Subordination Agreement (Primal Solutions Inc), Intercreditor and Subordination Agreement (Edac Technologies Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Administrative Agent and the Senior Lenders, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lenders, on the otherother hand, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (NCR Corp), Credit Agreement (Comtech Telecommunications Corp /De/), Credit Agreement (NCR Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Capital Markets Debt, on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 3 contracts

Samples: Debt Subordination Agreement, Capital Markets Debt Subordination Agreement (Cingular Wireless LLC), Capital Markets Debt Subordination Agreement (Cingular Wireless LLC)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Parties on the one hand and the Subordinated Lenders Parties and the Subordinated Borrowers Guarantor on the other, and no neither the Company nor any other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Fifth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD), Fourth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lender, on the other, and the obligations of Borrower in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. The Borrower hereby agrees that it will not make any payment on or in respect of any of the Subordinated Obligations, or take any other actions, in contravention of the provisions of this Agreement.

Appears in 2 contracts

Samples: Subordination Agreement (Gulfslope Energy, Inc.), Subordination Agreement

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the Subordinated Lenders Lender and the Subordinated Borrowers Borrower on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Grubb & Ellis Co), Subordination Agreement (Grubb & Ellis Co)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Parties on the one hand and the Subordinated Lenders Parties and the Subordinated Borrowers each Guarantor on the other, and no neither the Company nor any other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Fifth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD), Fourth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender on the one hand and the Subordinated Lenders and the Subordinated Borrowers Lender on the otherother hand, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Co-Diagnostics, Inc.), Securities Purchase Agreement (Co-Diagnostics, Inc.)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Affirmative Insurance Holdings Inc), Credit Agreement (Affirmative Insurance Holdings Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lenders, on the other, and the obligations of Issuer in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Issuer hereby agrees that it will not make any payment on or in respect of any of the Subordinated Obligations, or take any other actions, in contravention of the provisions of this Agreement.

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement (Tel Instrument Electronics Corp), Intercreditor and Subordination Agreement (Tel Instrument Electronics Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Agent or the Senior Lenders or any successor lenders on the one hand and the Subordinated Lenders Lender and the Subordinated Borrowers on the otherBorrowers, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Subordination Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Parties on the one hand and the Subordinated Lenders Parties and the Subordinated Borrowers Guarantor on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer on Senior Lenders, the one hand First Priority Agent, the holders of the Second Priority Notes and the Subordinated Lenders and Second Priority Agent with respect to the Subordinated Borrowers on the otherCollateral, and no other Person shall have any right, benefit or other interest under this Agreement. Notwithstanding anything to the contrary herein, this Agreement shall not modify or amend the rights and obligations of the Company and the Guarantors under any Senior Loan Document or any Second Priority Note Document.

Appears in 2 contracts

Samples: Intercreditor Agreement (Airgate PCS Inc /De/), Indenture (Airgate PCS Inc /De/)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Agent and the Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers Holders on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement (Rockefeller Center Properties Inc), Intercreditor and Subordination Agreement (Rcpi Trust /De/)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the otherSecured Parties, and no other Person person, including the Company shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (LOCAL.COM)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Secured Parties on the one hand and the Subordinated Lenders and the Subordinated Borrowers Guarantors on the other, and no other Person (other than the Collateral Agent) shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (ASC Holdco, Inc.)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Debt, on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Cingular Wireless LLC)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Agent and the Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (USMD Holdings, Inc.)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lender, on the other, and the obligations of Issuer in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Issuer hereby agrees that it will not make any payment on or in respect of any of the Subordinated Obligations, or take any other actions, in contravention of the provisions of this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Fusion Telecommunications International Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer UWG on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Unified Western Grocers Inc)

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Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Administrative Agent and the Senior Lenders on the one hand and the Subordinated Tranche C Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Cpi Aerostructures Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Secured Parties on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Enexus Energy CORP)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Agents and the Senior Creditors on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditor on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (USA Synthetic Fuel Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers Noteholder on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Prison Realty Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Creditors on the one hand and the Subordinated Lenders and the Subordinated Borrowers Noteholder on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Infogrames Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender, on the one hand hand, and the Subordinated Lenders Note Trustee and the Subordinated Borrowers Debtholders, on the other, and no other Person shall have any right, benefit or other interest under or by virtue of this Agreement.

Appears in 1 contract

Samples: Indenture (Mounger Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Agent and the Senior Lenders, collectively, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lender, on the otherother hand, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Agent and Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (United Shipping & Technology Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Agent and the Holders on the one hand and the Subordinated Lenders and the Subordinated Borrowers Lender on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Crown Casino Corp)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights respective rights, priorities and interests of the Issuer on Collateral Agent, the one hand Senior Lenders and the Subordinated Lenders and the Subordinated Borrowers on the otheronly, and no other Person person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Medicor LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers on the other, and the rights of the Senior Lenders as between each other with respect to proceeds of the exercise of remedies against the Collateral, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Specialty Underwriters Alliance, Inc.)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Administrative Agent and the Senior Lenders on the one hand and the Subordinated Lenders and the Subordinated Borrowers Lender on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Unidigital Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Agent and the other Senior Creditors, collectively, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lender, on the otherother hand, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (RxElite, Inc.)

Provisions Define Relative Rights. This Agreement is intended solely --------------------------------- for the purpose of defining the relative rights of the Issuer Senior Creditor on the one hand and the Subordinated Lenders and the Subordinated Borrowers Noteholder on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Easyriders Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lender on the one hand and the Subordinated Lenders and the Subordinated Borrowers Creditors on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Cambridge Holdings LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Bank Secured Parties on the one hand and the Subordinated Lenders and the Subordinated Borrowers Guarantors on the other, and no other Person (other than the Collateral Agent) shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Reynolds Group Holdings LTD)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Senior Lenders, on the one hand hand, and the Subordinated Lenders and the Subordinated Borrowers Lenders, on the other, and the obligations of Issuer in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Issuer hereby agrees that it will not make any payment on or in respect of any of the Subordinated Obligations, or take any other actions, in contravention of the provisions of this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Fusion Telecommunications International Inc)

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Issuer Bank on the one hand and the Subordinated Lenders and the Subordinated Borrowers Purchaser on the other, and no other Person shall have any right, benefit or other interest under this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (A21 Inc)

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