Common use of Subordination Agreement Clause in Contracts

Subordination Agreement. Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes, (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes and (iii) the subordination of interest payments to the Noteholders of the Class D Notes to the payment of any Third Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes and the Class C Notes under Section 8.2(b) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

Appears in 10 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Lease Trust 2024-A)

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Subordination Agreement. Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes, (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes and Notes, (iii) the subordination of interest payments to the Noteholders of the Class D Notes to the payment of any Third Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes and the Class C Notes, (iv) the subordination of interest payments to the Noteholders of the Class E Notes to the payment of any Fourth Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes under Section 8.2(b8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

Appears in 3 contracts

Samples: Indenture (Verizon ABS LLC), Indenture (Verizon ABS LLC), Indenture (Verizon ABS LLC)

Subordination Agreement. Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes, (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes and Notes, (iii) the subordination of interest payments to the Noteholders of the Class D Notes to the payment of any Third Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes and the Class C Notes and (iv) the subordination of interest payments to the Noteholders of the Class E Notes to the payment of any Fourth Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes under Section 8.2(b8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

Appears in 3 contracts

Samples: Indenture Agreement (Verizon Master Trust), Indenture Agreement (Verizon Master Trust), Indenture (Verizon Master Trust)

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Subordination Agreement. Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes, Notes[,]/[and] (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes [and (iii) the subordination of interest payments to the Noteholders of the Class D Notes to the payment of any Third Priority Principal Payment to the Noteholders of the Class A Notes, the Class B Notes and the Class C Notes Notes] under Section 8.2(b) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

Appears in 1 contract

Samples: Indenture (CAB East LLC)

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