Common use of Subordinated Indebtedness Owed Only to Subordinated Creditor Clause in Contracts

Subordinated Indebtedness Owed Only to Subordinated Creditor. The Subordinated Creditor warrants and represents that the Subordinated Creditor has not previously assigned any interest in the Subordinated Indebtedness, that no other entity or person owns an interest in the Subordinated Indebtedness (whether as joint holders of the Subordinated Indebtedness, participants or otherwise), and that all of the Subordinated Indebtedness is owing only to the Subordinated Creditor. The Subordinated Creditor further covenants that all of the Subordinated Indebtedness shall continue to be owing only to the Subordinated Creditor unless it is assigned to an entity or a person who agrees with the Senior Lender to be bound by the subordination provisions set forth herein.

Subordinated Indebtedness Owed Only to Subordinated Creditor. The Subordinated Creditor warrants and represents to Senior Creditor that the Subordinated Creditor has not previously assigned any interest in the Subordinated IndebtednessIndebtedness to any party, that no other entity or person party owns an interest in the Subordinated Indebtedness other than Subordinated Creditor (whether as joint holders holder of the Subordinated Indebtedness, participants or otherwise), and that all of the entire Subordinated Indebtedness is owing only to the Subordinated Creditor. The , and Subordinated Creditor further covenants that all of the Subordinated Indebtedness shall continue to be owing only to the Subordinated Creditor Creditor, unless it is assigned to an entity assigned, transferred or a person who agrees disposed of in accordance with the Senior Lender to be bound by the subordination provisions set forth hereinterms of this Agreement as provided in Section 9 hereof.

Subordinated Indebtedness Owed Only to Subordinated Creditor. The Subordinated Creditor warrants and represents to Senior Creditor that the Subordinated Creditor has not previously assigned any interest in the Subordinated IndebtednessIndebtedness to any party, that no other entity or person party owns an interest in the Subordinated Indebtedness other than Subordinated Creditor (whether as joint holders holder of the Subordinated Indebtedness, participants or otherwise), and that all of the entire Subordinated Indebtedness is owing only to the Subordinated Creditor. The , and Subordinated Creditor further covenants that all of the Subordinated Indebtedness shall continue to be owing only to the Subordinated Creditor Creditor, unless it is assigned to an entity assigned, transferred or a person who agrees disposed of in accordance with the Senior Lender to be bound by the subordination provisions set forth hereinterms of this Agreement as provided in Section 10 hereof.