Subordination and Intercreditor Agreements. FINOVA and each Subordinating Creditor shall have entered into a Subordination Agreement, in form and substance satisfactory to FINOVA. Without limiting the generality of the foregoing, Seller shall enter into one or more Subordination Agreements with FINOVA, in form and substance satisfactory to FINOVA, providing that Seller's right to payments in respect of the Seller Subordinated Indebtedness shall be subordinated in right of payment to the Loan.
Appears in 3 contracts
Samples: Loan and Security Agreement (Medley Credit Acceptance Corp), Loan and Security Agreement (Revenge Marine Inc), Loan and Security Agreement (1 800 Autotow Inc)
Subordination and Intercreditor Agreements. FINOVA and each Subordinating Creditor shall have entered into a Subordination Agreement, in form and substance satisfactory to FINOVA. Without limiting the generality of the foregoing, Seller shall enter into one or more Subordination Agreements with FINOVA, in form and substance satisfactory to FINOVA, providing that Seller's right to payments in respect of the Seller Subordinated Indebtedness shall be subordinated in right of payment to the Loan.;
Appears in 2 contracts
Samples: Loan and Security Agreement (Community Medical Transport Inc), Loan and Security Agreement (Community Medical Transport Inc)
Subordination and Intercreditor Agreements. FINOVA and each ------------------------------------------ Subordinating Creditor shall have entered into a Subordination Agreement, in form and substance satisfactory to FINOVA. Without limiting the generality of the foregoing, Seller shall enter into one or more Subordination Agreements with FINOVA, in form and substance satisfactory to FINOVA, providing that Seller's right to payments in respect of the Seller Subordinated Indebtedness shall be subordinated in right of payment to the Loan.
Appears in 1 contract
