Common use of Subordination of Guaranteed Obligations Clause in Contracts

Subordination of Guaranteed Obligations. Notwithstanding anything to the contrary in this Agreement, the Company, each Guarantor and the Lenders, in making the Loans hereunder, agrees and covenants that the Guaranteed Obligations shall be subordinated and junior in right of payment to the prior payment in full of the Senior Indebtedness, in the same manner, and to the same extent, as the Loan Obligations are subordinated and junior in right of payment to the Senior Indebtedness pursuant to the Intercreditor Agreement, if any.

Subordination of Guaranteed Obligations. Notwithstanding anything to --------------------------------------- the contrary in this Agreement, the Company, each Guarantor and the LendersLender, in making the Loans hereunder, agrees and covenants that the Guaranteed Obligations shall be subordinated and junior in right of payment to the prior payment in full of the Senior Indebtedness, in the same manner, and to the same extent, as the Loan Obligations are subordinated and junior in right of payment to the Senior Indebtedness pursuant to the Intercreditor Agreement, if any.

Subordination of Guaranteed Obligations. Notwithstanding anything to --------------------------------------- the contrary in this Agreement, the Company, each Guarantor and the Lenders, in making the Loans hereunder, agrees and covenants that the Guaranteed Obligations shall be subordinated and junior in right of payment to the prior payment in full of the Senior Indebtedness, in the same manner, and to the same extent, as the Loan Obligations are subordinated and junior in right of payment to the Senior Indebtedness pursuant to the Intercreditor Agreement, if any.

Subordination of Guaranteed Obligations. Notwithstanding anything to the contrary in this Agreement, the Company, each Guarantor and the LendersLender, in making the Loans hereunder, agrees and covenants that the Guaranteed Obligations shall be subordinated and junior in right of payment to the prior payment in full of the Senior Indebtedness, in the same manner, and to the same extent, as the Loan Obligations are subordinated and junior in right of payment to the Senior Indebtedness pursuant to the Intercreditor Agreement, if any.