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 Senior Lenders, on the one hand, and the Subordinated Lender, on the other, and the obligations of Credit Parties in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Each Credit Party 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.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of Senior Lendersthe Collateral Agent, the Administrative Agent and the Lenders on the one hand, hand and the Subordinated Lender, PBGC on the other, and the obligations of Credit Parties in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Each Credit Party hereby agrees that it will Notwithstanding anything to the contrary contained herein, this Agreement shall not make any payment on modify or in respect of any amend the rights and obligations of the Subordinated Obligations, Borrowers or take any other actions, in contravention of the provisions of this AgreementBank Loan Party under any Bank Loan Document.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior Lenders, on the one handSenior Agents, the holders of the Subordinated Notes and the Subordinated LenderTrustee with respect to the Collateral, on the other, and the obligations of Credit Parties in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Each Credit Party hereby agrees that it will Notwithstanding anything to the contrary herein, this Agreement shall not make any payment on modify or in respect of any amend the rights and obligations of the Borrower and its Subsidiaries under any Senior Loan Document or any Subordinated Obligations, or take any other actions, in contravention of the provisions of this AgreementNote Document.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior Lenders, Lenders on the one hand, hand and the Subordinated Lender, REIT Parties on the other, and the obligations of Credit Parties in connection with the foregoing and no other Person shall have any right, benefit or other interest under this Agreement. Each , except that each Credit Party hereby agrees that it will not make any payment on or in respect shall be entitled to the benefits of any of the Subordinated Obligations, or take any other actions, in contravention of the provisions of this AgreementSection 3(c) hereof.