Common use of Scope of Subordination Clause in Contracts

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of Subordinated Lender and Bank. Nothing in this Agreement shall impair, as between Company and Subordinated Lender the unconditional and absolute obligation of Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of the Subordinated Lender and Bankthe Agent and the Senior Lenders. Nothing in this Agreement shall impair, as between the Company and the Subordinated Lender the unconditional and absolute obligation of the Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements Agreement in accordance with the terms thereof, subject to the rights of Bank the Agent and the Senior Lenders under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Lender Indebtedness and BankSenior Lender. Nothing in this Agreement shall impair, as between a Company and Subordinated Lender Lenders the unconditional and absolute obligation of Company Companies to punctually pay the principal, interest and any other amounts and obligations owing under the each Subordinated Note and the other Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank Senior Lender under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Lender Indebtedness and BankSenior Lender. Nothing in this Agreement shall impair, as between Company and Subordinated Lender the unconditional and absolute obligation of Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank Senior Lender under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Lender Indebtedness and Bank. Nothing in this Agreement shall impair, as between Company and Subordinated Lender the unconditional and absolute obligation of Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of Subordinated Subordinate Lender and BankSenior Lenders. Nothing in this Agreement shall impair, as between Company Borrower and Subordinated Lender Subordinate Lender, the joint and several, unconditional and absolute obligation of Company Borrower to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements all Subordinate Loan Documents in accordance with the terms thereof, subject to the rights of Bank Senior Lenders under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of the Subordinated Lender Lenders and Bankthe Senior Lenders. Nothing in this Agreement shall impair, as between the Company and the Subordinated Lender Lenders, the unconditional and absolute obligation of the Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank the Senior Lenders under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Lender Indebtedness and BankSenior Lender. Nothing in this Agreement shall impair, as between Company and Subordinated Lender the unconditional and absolute obligation of Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank Senior Lender under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Lender Indebtedness and BankSenior Lender. Nothing in this Agreement shall impair, as between Company and the Subordinated Lender Lenders the unconditional and absolute obligation of Company to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note Notes and Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of Bank Senior Lender under this Agreement.