Scope of Subordination. The Subordination Provisions hereof are solely to define the relative rights of the Subordinated Lender and the Senior Creditors. Nothing in this Annex A shall impair, as between Maker and the Subordinated Lender the unconditional and absolute obligation of Maker to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and the Subordinated Lending Agreements in accordance with the terms thereof, subject to the rights of the Senior Creditors hereunder.
Appears in 4 contracts
Samples: Credit and Guaranty Agreement (Fusion Connect, Inc.), Credit and Guaranty Agreement (Fusion Connect, Inc.), Credit and Guaranty Agreement (Fusion Connect, Inc.)
Scope of Subordination. (a) The Subordination Provisions hereof provisions of this Section 2 are solely to define the relative rights of the Subordinated Lender Creditors and the Senior Creditors. Nothing in this Annex A Subordination and Intercreditor Agreement shall impair, as between Maker any Obligor and the Subordinated Lender Creditor the unconditional and absolute obligation of Maker Obligors to punctually pay the principal, interest and any other amounts and obligations owing under the Subordinated Note and the Subordinated Lending Agreements Loan Documents in accordance with the terms thereof, subject to the rights of the Senior Creditors hereunderunder this Subordination and Intercreditor Agreement.
Appears in 3 contracts
Samples: Subordination and Intercreditor Agreement, Subordination and Intercreditor Agreement (Limbach Holdings, Inc.), Subordination and Intercreditor Agreement
