Common use of Subordination of Debt Clause in Contracts

Subordination of Debt. Provide Bank with a debt subordination --------------------- agreement, in form and substance satisfactory to Bank, executed by Borrower and any Person who is an officer, director, shareholder or Affiliate of Borrower to whom Borrower is or hereafter becomes indebted, subordinating, in right of payment and claim all of Debt owed by Borrower to any said Person and any future advances thereon to the full and final payment of the Obligations.

Subordination of Debt. Provide Bank with a debt subordination --------------------- agreement, in form and substance satisfactory to Bank, executed by Borrower and any Person who is an officer, director, shareholder or Affiliate of Borrower to whom Borrower is or hereafter becomes indebted, subordinating, subordinating in right of payment and claim all of Debt owed by Borrower to any said Person and any future advances thereon to the full and final payment of the Obligations.

Subordination of Debt. Provide Bank with a debt subordination --------------------- agreement, in form and substance satisfactory to Bank, executed by Borrower Borrowers and any Person who is an officer, director, shareholder shareholder, member or Affiliate of any Borrower to whom such Borrower is or hereafter becomes indebted, subordinating, subordinating in right of payment and claim all of Debt owed owned by such Borrower to any said Person and any future advances thereon to the full and final payment of the Obligations.

Subordination of Debt. Provide Bank with a debt subordination --------------------- agreement, in form and substance satisfactory to Bank, executed by Borrower and each Subordinate Lender, and a debt and subordination agreement, in form and substance satisfactory to Bank, executed by Borrower and any Person who is an officer, director, shareholder or Affiliate of Borrower to whom Borrower is or hereafter becomes indebted, subordinating, subordinating in right of payment and claim all of such Debt owed by Borrower to any said Person and any future advances thereon to the full and final payment of the Obligations.