Common use of Reliance by Senior Lenders on Subordination Provisions Clause in Contracts

Reliance by Senior Lenders on Subordination Provisions. Each Noteholder, by accepting a Note, and each Obligor acknowledges and agrees that the subordination provisions contained in this Article 12 are, and are intended to be, an inducement and a consideration to each holder of any Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Reliance by Senior Lenders on Subordination Provisions. Each Noteholder, by accepting a Note, and each Obligor acknowledges and agrees that the subordination provisions contained in this Article 12 9 are, and are intended to be, an inducement and a consideration to each holder of any Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.

Reliance by Senior Lenders on Subordination Provisions. Each NoteholderHolder, by accepting a this Note, and each Obligor acknowledges the Company acknowledge and agrees agree that the subordination provisions contained in this Article 12 Section 2 are, and are intended to be, an inducement and a consideration to each holder of any Senior Debt, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt.