Common use of Subordination of Debt Clause in Contracts

Subordination of Debt. Any debt of Borrower now or hereafter held by Guarantor is hereby subordinated to the Indebtedness, and such debt, if Lender so requests, shall be collected, enforced and received by Guarantor as trustee for Lender and be paid over to Lender on account of the Indebtedness, but without reduction or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty.

Subordination of Debt. Any debt present or future indebtedness of Borrower now or hereafter held by to Guarantor is hereby subordinated to the Indebtedness, and Guaranteed Obligations. Any payment of such debt, if Lender so requests, indebtedness of Borrower to Guarantors shall be collected, enforced and received by Guarantor as trustee in trust for the benefit of Lender and be promptly paid over to Lender on account of the IndebtednessGuaranteed Obligations, but without reduction reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Subordination of Debt. Any debt present or future indebtedness of Borrower now or hereafter held by to --------------------- Guarantor is hereby subordinated to the Indebtedness, and Guaranteed Obligations. Any payment of such debt, if Lender so requests, indebtedness of Borrower to Guarantor shall be collected, enforced and received by Guarantor as trustee in trust for the benefit of Lender and be promptly paid over to Lender on account of the IndebtednessGuaranteed Obligations, but without reduction reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

Subordination of Debt. Any debt indebtedness of Borrower to Guarantor now or hereafter held by Guarantor existing is hereby subordinated to the IndebtednessObligations. Guarantor agrees that, and until the Obligations have been fully satisfied, it will not seek, accept or retain for its own accounts, any payment from Borrower or any of its subsidiaries on account of such subordinated debt, if Lender so requests, . Any payments to Guarantor on account of such subordinated debt shall be collected, enforced collected and received by Guarantor as trustee in trust for Lender and shall be paid over to Lender on account of without impairing or releasing the Indebtedness, but without reduction or affecting in any manner the liability obligations of Guarantor under the other provisions of this Guarantyhereunder.