Subordination of Certain Indebtedness. If the GUARANTOR advances any sums to the BORROWER or its successors or assigns or if the BORROWER or its successors or assigns shall hereafter become indebted to the GUARANTOR, such sums and indebtedness shall be subordinate in all respects to the amounts then or thereafter due and owing to the LENDER by the BORROWER.
Appears in 3 contracts
Samples: Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Avatech Solutions Inc)
Subordination of Certain Indebtedness. If the GUARANTOR advances any sums to the any BORROWER or its successors or assigns assigns, or if the any BORROWER or its successors or assigns shall hereafter become indebted to the GUARANTOR, such sums and indebtedness shall be subordinate in all respects to the amounts then or thereafter due and owing to the LENDER by the such BORROWER.
Appears in 2 contracts
Samples: Limited Guaranty Agreement (Gse Systems Inc), Limited Guaranty Agreement (Gse Systems Inc)
Subordination of Certain Indebtedness. If the GUARANTOR advances any sums to the BORROWER any of BORROWERS or its the successors or assigns of any of the BORROWERS, or if any of the BORROWER BORROWERS or its the successors or assigns of any of the BORROWERS shall hereafter become indebted to the GUARANTOR, such sums and indebtedness shall be subordinate in all respects to the amounts then or thereafter due and owing to the LENDER by the BORROWERBORROWERS.
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