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 the Subordinated Party and the Senior Creditor and shall not be construed to grant any rights or benefits to the Debtor.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of the any Holder of Subordinated Indebtedness and Agent. Nothing in this Agreement shall impair, as between each Loan Party and Subordinated Lender the Senior Creditor unconditional and shall not be construed absolute obligation of such Loan Party to grant punctually pay the principal, interest and any rights or benefits other amounts and obligations owing under Subordinated Agreements in accordance with the terms thereof, subject to the Debtorrights of Agent under this Agreement.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of the Subordinated Party and the Senior Creditor and shall not be construed to grant any rights or benefits to the DebtorBorrower.

Scope of Subordination. The provisions of this Agreement are solely to define the relative rights of the Subordinated Creditor and the Senior Creditors. Nothing in this Agreement shall impair, as between any Loan Party and the Senior Creditor Subordinated Creditor, the unconditional and shall not be construed absolute obligation of each Loan Party to grant punctually pay the principal, interest and any rights or benefits other amounts and obligations owing under the Subordinated Agreement in accordance with the terms thereof, subject to the Debtorrights of Senior Agents and other Senior Creditors under this Agreement.