Common use of Subordination of Debt Clause in Contracts

Subordination of Debt. All indebtedness and other obligations of Borrower, other than Permitted Indebtedness, to any other creditor shall be subordinated in right of repayment to all indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.

Appears in 2 contracts

Samples: Credit Agreement (Nimble Storage Inc), Credit Agreement (Nimble Storage Inc)

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Subordination of Debt. All indebtedness and other obligations of Borrower, Borrower to any person other than Permitted IndebtednessBank (each, a “Subordinated Creditor”), as well as to any other creditor all of Borrower’s shareholders, shall be subordinated in right of repayment to all indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Corsair Components, Inc.)

Subordination of Debt. All indebtedness and other obligations of Borrower, other than Permitted Indebtedness, Borrower to any other creditor party other than any Permitted Convertible Indebtedness (as defined below) shall be subordinated in right of repayment to all indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.” 2. Section 5.4 of the Agreement hereby is amended and restated in its entirety to read as follows:

Appears in 2 contracts

Samples: Credit Agreement (Endologix Inc /De/), Credit Agreement (Endologix Inc /De/)

Subordination of Debt. All indebtedness Indebtedness and other obligations of Borrower, other than Permitted Indebtedness, Borrower to any other creditor (other than Permitted Indebtedness defined in Section 5.4 below) shall be subordinated in right of repayment to all indebtedness Indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.

Appears in 1 contract

Samples: Credit Agreement (Maxwell Technologies Inc)

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Subordination of Debt. All indebtedness and other obligations of Borrower, other than Permitted Indebtedness, Borrower to any other creditor party shall be subordinated in right of repayment to all indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.. DOCSOC/1656044v2/018854-0004 Exhibit 10.27

Appears in 1 contract

Samples: Credit Agreement (Endologix Inc /De/)

Subordination of Debt. All indebtedness and other obligations of Borrower, other than Permitted Indebtedness, Borrower to any other creditor party shall be subordinated in right of repayment to all indebtedness and other obligations of Borrower to Bank, as evidenced by and subject to the terms of subordination agreements in form and substance satisfactory to Bank.

Appears in 1 contract

Samples: Credit Agreement (Endologix Inc /De/)

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