Common use of Subordination of Company's Obligations to Guarantors Clause in Contracts

Subordination of Company's Obligations to Guarantors. Each Guarantor agrees that if, for any reason whatsoever, Company now or hereafter owes any Indebtedness, directly or indirectly, to any Guarantor, or any Guarantor now or hereafter owes any Indebtedness, directly or indirectly, to any other Guarantor, all such Indebtedness, together with all interest thereon and fees and other charges in connection therewith, and all Liens securing any such Indebtedness shall at all times be second, subordinate and inferior in right of payment, in lien priority and in all other respects to the Debt and fulfillment of any such indebted Guarantor's obligations hereunder or under any of the Note Documents and all Liens from time to time securing the Debt. The provisions of this Section are in addition to, and cumulative of, any other provisions contained in any Note Document or other document, instrument or writing.

Appears in 1 contract

Samples: Note Agreement (NPC International Inc)

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Subordination of Company's Obligations to Guarantors. Each Guarantor agrees that if, for any reason whatsoever, Company now or hereafter owes any Indebtedness, directly or indirectly, to any Guarantor, or any Guarantor now or hereafter owes any Indebtedness, directly or indirectly, to any other Guarantor, all such Indebtedness, together with all interest thereon and fees and other charges in connection therewith, and all Liens securing any such Indebtedness shall at all times be second, subordinate and inferior in right of payment, in lien priority and in all other respects to the Debt and fulfillment of any such indebted Guarantor's obligations hereunder or under any of the other Note Documents and all Liens from time to time securing the Debt. The provisions of this Section are in addition to, and cumulative of, any other provisions contained in any other Note Document or other document, instrument or writing.

Appears in 1 contract

Samples: Note Agreement (NPC International Inc)

Subordination of Company's Obligations to Guarantors. Each Guarantor agrees that if, for any reason whatsoever, Company now or hereafter owes any Indebtedness, directly or indirectly, to any Guarantor, or any Guarantor now or hereafter owes any Indebtedness, directly or indirectly, to any other Guarantor, all such Indebtedness, together with all interest thereon and fees and other charges in connection therewith, and all Liens securing any such Indebtedness shall at all times be second, subordinate and inferior in right of payment, in lien priority and in all other respects to the Debt Guaranteed Obligations and the fulfillment of any such indebted Guarantor's ’s obligations hereunder or under any of the Note other Loan Documents and all Liens from time to time securing the DebtGuaranteed Obligations. The provisions of this Section are in addition to, and cumulative of, any other provisions contained in any Note other Loan Document or other document, instrument or writing.

Appears in 1 contract

Samples: Term Loan Agreement (Whole Foods Market Inc)

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Subordination of Company's Obligations to Guarantors. Each Guarantor agrees that if, for any reason whatsoever, Company now or hereafter owes any Indebtedness, directly or indirectly, to any Guarantor, or any Guarantor now or hereafter owes any Indebtedness, directly or indirectly, to any other Guarantor, all such Indebtedness, together with all interest thereon and fees and other charges in connection therewith, and all Liens securing any such Indebtedness shall at all times be second, subordinate and inferior in right of payment, in lien priority and in all other respects to the Debt and the fulfillment of any such indebted Guarantor's obligations hereunder or under any of the Note other Loan Documents and all Liens from time to time securing the Debt. The provisions of this Section are in addition to, and cumulative of, any other provisions contained in any Note other Loan Document or other document, instrument or writing.

Appears in 1 contract

Samples: Master Guaranty (NPC International Inc)

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