Common use of Security: Subordinated Creditors Clause in Contracts

Security: Subordinated Creditors. The Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Subordinated Liabilities prior to the Final Discharge Date.

Appears in 6 contracts

Samples: Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

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Security: Subordinated Creditors. The Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Subordinated Liabilities prior to the Final Senior Discharge Date.

Appears in 1 contract

Samples: www.thesisam.com

Security: Subordinated Creditors. The No Subordinated Creditors Creditor may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Subordinated Liabilities prior to the Final Discharge Date.

Appears in 1 contract

Samples: Intercreditor Agreement (Globalstar, Inc.)

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Security: Subordinated Creditors. The Subordinated Creditors may not take, accept or receive the benefit of any SecuritySecurity over any asset of any member of the Group, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Subordinated Liabilities prior to the Final Senior Discharge Date.

Appears in 1 contract

Samples: Intercreditor Agreement

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