Subordination and Postponement. The Subordinate Lender hereby covenants and agrees that all Subordinate Debt is hereby unconditionally and irrevocably deferred, postponed and subordinated in all respects to the prior indefeasible repayment in full by the Debtor of all the Senior Debt.
Appears in 3 contracts
Samples: Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.)
Subordination and Postponement. The Except for payments which are not prohibited by the Credit Agreement or any other Margin Loan Documentation, the Subordinate Lender hereby covenants and agrees that all Subordinate Subordinated Debt is hereby unconditionally and irrevocably deferred, postponed and subordinated in all respects to the prior indefeasible repayment in full by the Debtor of all the Senior Debt.
Appears in 1 contract
Samples: Margin Loan Agreement (Brookfield Asset Management Inc.)
