Common use of Subordination Default Clause in Contracts

Subordination Default. Any document with respect to the Senior Indebtedness is amended or modified in violation of the Intercreditor Agreement, or any amounts previously paid with respect to this Note must be repaid or held in trust by the Payee due to compliance with or enforcement of the Intercreditor Agreement.

Subordination Default. Any document with respect to the Senior Indebtedness is amended or modified in violation of the Intercreditor Subordination Agreement, or any amounts previously paid with respect to this Note must be repaid or held in trust by the Payee due to compliance with or enforcement of the Intercreditor Subordination Agreement.