RELIANCE OF HOLDERS OF SENIOR DEBT. The Holder, by its acceptance hereof, shall be deemed to acknowledge and agree that the foregoing subordination provisions are, and are intended to be, an inducement to and a consideration of each holder of Senior Debt, whether such Senior Debt was created or acquired before or after the creation of the indebtedness evidenced by this Note, and each such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and holding, or in continuing to hold, such Senior Debt.
Appears in 3 contracts
Samples: Revolving Credit Agreement (American Mobile Satellite Corp), Term Credit Agreement (American Mobile Satellite Corp), Junior Subordinated Secured Exchangeable Note (American Mobile Satellite Corp)
RELIANCE OF HOLDERS OF SENIOR DEBT. The Holder, by its acceptance hereof, shall be deemed to acknowledge Subordinated Creditor acknowledges and agree agrees that the foregoing these subordination provisions are, and are intended to be, an inducement to and a consideration of each holder of Senior DebtCreditor, whether such Senior Debt was created or acquired before or after the creation of the indebtedness evidenced by this Notethe Bridge Agreement or the Notes, and each such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and holding, or in continuing to hold, such Senior Debt.
Appears in 2 contracts
Samples: Amendment Agreement No. 5 to Facility Agreement (Moscow Cablecom Corp), Subordination Agreement (Renova Media Enterprises Ltd.)
