References to Subordination Clause Samples
References to Subordination. For the avoidance of doubt, for all purposes under this Indenture, including, without limitation, Section 4.09(b), this Indenture shall not treat Indebtedness as being (x) contractually subordinated or junior or (y) subordinated or junior in right of payment, in each case, to any other Indebtedness merely because such Indebtedness is (i) unsecured, (ii) secured by Liens of a junior priority on the same Collateral to those securing such other Indebtedness or (iii) secured by different collateral.
References to Subordination. Upon the request of the Secretary, Subordinated Creditors (a) shall cause the Subordinated Loan Documents, and any amendment, renewal or extension thereof, to refer, in form and substance satisfactory to the Secretary, to the fact that the indebtedness evidenced by each such instrument is subordinated to the Senior Debt under this Subordination Agreement; (b) shall further mark ▇▇▇ books of accounts in such a manner as shall be effective to give proper notice of the effect of this Agreement; and (c) shall, at any time and from time to time, promptly execute and deliver all additional instruments and documents, and take all further action, as may be necessary or desirable, in the opinion of Senior Creditor, to protect any right or interest granted or purported to be granted by this Agreement and to enable Senior Creditor to exercise and enforce its rights and remedies hereunder.