SUBORDINATION AND LIMITED RECOURSE Sample Clauses

SUBORDINATION AND LIMITED RECOURSE. 11.1 The parties hereby agree that the Subordinated Loan shall be subordinated to all other amounts payable ranking higher in the CBC Priority of Payments or, after the service of an CBC Acceleration Notice, the Post CBC Acceleration Priority of Payments.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
SUBORDINATION AND LIMITED RECOURSE. 4.1 No Instalment (or, where relevant, interest in relation thereto) shall be payable by the Company to the Issue Services Provider except in accordance with the provisions of Clauses 6, 7 and 8 of the Deed of Charge unless and until all sums thereby required to be paid in priority thereto have been paid or discharged in full.
Sample 1Sample 2
SUBORDINATION AND LIMITED RECOURSE. 4.1 No Instalment (or, where relevant, interest in relation thereto) shall he payable hy the Company to Issue Services Provider except in accordance with the provisions of Clauses 6, 7 and 8 of the Deed of Charge unless and until all sums thereby required to be paid in priority thereto have been paid or discharged in full,
Sample 1

Related to SUBORDINATION AND LIMITED RECOURSE

  • SUBORDINATION OF AGREEMENT 18.1 The parties hereto and the employees of the City are governed by the provisions of applicable Federal Law, State Law, and the City Charter. When any provisions thereof are in conflict with the provisions of this Agreement, the provisions of said Federal Law, State Law, or City Charter are paramount and shall prevail.

  • Indemnification and Limitation of Liability (a) To the fullest extent that limitations on the liability of Trustees and officers are permitted by the DSTA, the officers and Trustees shall not be responsible or liable in any event for any act or omission of: any agent or employee of the Trust; any Investment Adviser or Principal Underwriter of the Trust; or with respect to each Trustee and officer, the act or omission of any other Trustee or officer, respectively. The Trust, out of the Trust Property, shall indemnify and hold harmless each and every officer and Trustee from and against any and all claims and demands whatsoever arising out of or related to such officer’s or Trustee’s performance of his or her duties as an officer or Trustee of the Trust. This limitation on liability applies to events occurring at the time a Person serves as a Trustee or officer of the Trust whether or not such Person is a Trustee or officer at the time of any proceeding in which liability is asserted. Nothing herein contained shall indemnify, hold harmless or protect any officer or Trustee from or against any liability to the Trust or any Shareholder to which such Person would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Person’s office.

Time is Money Join Law Insider Premium to draft better contracts faster.