Common use of Subordinated Liabilities Clause in Contracts

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured Liabilities.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured Senior Liabilities.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Liabilities owed by the Debtors and the Third Party Security Providers to the Secured LiabilitiesParties and the Subordinated Liabilities are postponed and subordinated to the Liabilities owed by the Debtors and the Third Party Security Providers to the Unsecured Creditors and the Intra-Group Lenders.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured LiabilitiesLiabilities owed by the Debtors to the Primary Creditors.