Common use of SUBORDINATION AND SECURITY OBLIGATION Clause in Contracts

SUBORDINATION AND SECURITY OBLIGATION. 8.1 The Lender will subordinate its claims under this Agreement, as defined in article 3:277 paragraph 2 of the Dutch Civil Code, against all current and future claims of banking institutions on the Borrower.

SUBORDINATION AND SECURITY OBLIGATION. 8.1 The Lender Co-financer will subordinate its claims under this Agreement, as defined in article 3:277 paragraph 2 of the Dutch Civil Code, against all current and future claims of banking institutions on the Borrower.

SUBORDINATION AND SECURITY OBLIGATION. 8.1 9.1 The Lender will subordinate its claims under this Agreement, as defined in article 3:277 paragraph 2 of the Dutch Civil Code, against all current and future claims of banking institutions on the Borrower.