Common use of Subordination of Certain Indebtedness Clause in Contracts

Subordination of Certain Indebtedness. If the Guarantor has advanced or hereafter advances any sums to the Borrower or its successors or assigns or if the Borrower or its successors or assigns is now or shall hereafter become indebted to the Guarantor, such sums and indebtedness shall be subordinate in all respects to the amounts now and hereafter due and owing to GE Capital by the Borrower.

Appears in 2 contracts

Samples: Guaranty Agreement (Leisure Time Casinos & Resorts Inc), Guaranty Agreement (Leisure Time Casinos & Resorts Inc)

AutoNDA by SimpleDocs

Subordination of Certain Indebtedness. If the Guarantor has advanced or hereafter advances any sums to the Borrower or its successors or assigns or if the Borrower or its successors or assigns is now or shall hereafter become indebted to the Guarantor, such sums and indebtedness shall be subordinate in all respects to the amounts now and hereafter then or thereafter due and owing to GE Capital the Lender by the Borrower.

Appears in 2 contracts

Samples: Limited Guaranty Agreement, Limited Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

Subordination of Certain Indebtedness. If the Guarantor has advanced or hereafter advances any sums to the Borrower Tenant or its successors or assigns or if the Borrower Tenant or its successors or assigns is now or shall hereafter become indebted to the Guarantor, such sums and indebtedness shall be subordinate in all respects to the amounts now and hereafter then or thereafter due and owing to GE Capital Landlord by the BorrowerTenant.

Appears in 1 contract

Samples: Lease Agreement (National Information Group)

AutoNDA by SimpleDocs

Subordination of Certain Indebtedness. If the Guarantor has advanced or hereafter advances any sums to the Borrower or its their successors or assigns or if the any Borrower or its successors or assigns is now or shall hereafter become indebted to the Guarantor, such sums and indebtedness shall be subordinate in all respects to the amounts now and hereafter then or thereafter due and owing to GE Capital the Secured Parties by the such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Lecroy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!