Common use of Subordination of Claims Clause in Contracts

Subordination of Claims. Subordinate or permit to be subordinated any claim against, or obligation of another person, firm or corporation held or owned by it to any other claim against, or obligation of, such other person, firm or corporation.

Appears in 3 contracts

Samples: Note Purchase Agreement (Sheldahl Inc), Note Purchase Agreement (Horizon Telecom Inc), Note Purchase Agreement (Michael Anthony Jewelers Inc)

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Subordination of Claims. Subordinate or permit to be subordinated any claim against, or obligation of another person, firm or corporation Person held or owned by it to any other claim against, or obligation of, such other person, firm or corporationPerson.

Appears in 3 contracts

Samples: Note Purchase Agreement (Horizon Telcom Inc), Note Purchase Agreement (Horizon Telcom Inc), Note Purchase Agreement (Horizon Telecom Inc)

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Subordination of Claims. Subordinate or permit to be subordinated any claim against, or obligation of of, another person, firm or corporation held or owned by it to any other claim against, or obligation of, such other person, firm or corporation.

Appears in 1 contract

Samples: Note Purchase Agreement (Valley Forge Corp)

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