Subordination of Interests. Each Participant shall, from time to time, take all necessary actions, including execution of appropriate agreements, to pledge and subordinate its Participating Interest, any liens it may hold which are created under this Agreement other than those created pursuant to Section 6.6 hereof, and any other right or interest it holds with respect to the Assets (other than any statutory lien of the Manager) to any secured borrowings for Operations approved by the Management Committee, including any secured borrowings relating to Project Financing, and any modifications or renewals thereof.
Subordination of Interests. Each Member shall from time to time take all necessary or appropriate actions, including but not limited to execution of appropriate agreements, to pledge and subordinate its Ownership Interest, any liens and security interests it may hold created under this Agreement other than those created pursuant to Section 4.3, and any other rights or interests it holds with respect to the Company and the Assets (other than any statutory lien of the Manager) to any secured borrowings approved by the Management Committee, including but not limited to any secured borrowings for Operations relating to Project Financing and any modifications or renewals thereof.
Subordination of Interests. Each Partner shall, from time to time, take all necessary actions, including execution of appropriate agreements, to pledge and subordinate its Participating Interest, any liens it may hold which are created under this agreement, other than those created pursuant to Section 6.5 hereof, and any other right or interest it holds with respect to the Assets (other than any statutory lien of the Managing Partner) to any secured borrowings for Operations.
Subordination of Interests. Each Member shall, from time to time, take all necessary actions, including execution of appropriate instruments and agreements, to pledge and subordinate its Ownership Interest, any Liens it may hold which are created under this Agreement and any other right or interest it holds with respect to Tonkin Springs LLC and the Assets (other than any statutory lien of the Manager) to any secured borrowings for Operations approved by the Management Committee, including any secured borrowings relating to Project Financing, and any modifications or renewals thereof.
Subordination of Interests. Each Participant shall, from time to time, take all necessary actions, including execution of appropriate agreements, to pledge and subordinate its Participating Interest, any liens it may hold which are created under this Agreement other than those created pursuant to SECTION 6.6 hereof, and any other right or interest it holds with respect to the Assets (other than any statutory lien of the Manager) to any secured borrowings for Operations approved by the Management Committee, including any secured borrowings relating to Project Financing, and any modifications or renewals thereof.
Subordination of Interests a. As among Administrative Secured Party and the Beneficial Secured Parties only and subject to paragraph 9.3(e), NationsBank agrees that all valid and perfected rights and interests pertaining to the CompuCom Interest and the RPA Interest under this Agreement are and shall be first, senior and prior to any other rights now or hereafter claimed therein by NationsBank, whether under the Credit Agreement or otherwise, and all security interests, collateral assignments, pledges, liens, mortgages, rights or other interests now or hereafter claimed by NationsBank with respect to the Collateral (other than its interest as a Beneficial Secured Party under this Agreement) shall be and hereby are expressly subordinated and made junior to all such valid and perfected rights and interests pertaining to the CompuCom Interest and the RPA Interest under this Agreement.
b. All sales and transfers of the RPA Interest under the RPA are expressly subject to the interests granted or delegated to Administrative Secured Party under this Agreement. As among Administrative Secured Party and the Beneficial Secured Parties only and subject to paragraph 9.3(e), CFI agrees that all valid and perfected rights and interests pertaining to the CompuCom Interest and the RPA Interest under this Agreement are and shall be first, senior and prior to any other rights now or hereafter claimed therein by CFI, whether under the RPA, the TAA or otherwise, and any and all security interests, collateral assignments, pledges, liens, mortgages, rights or other interests now or hereafter claimed by CFI with respect to the Collateral (other than its interest as a Beneficial Secured Party under this Agreement) shall be and hereby are expressly subordinated and made junior to all such valid and perfected rights and interests pertaining to the CompuCom Interest and the RPA Interest under this Agreement. CFI agrees that it will not sell or transfer any RPA Interest to any Person except EFC pursuant to the TAA subject to the rights of Administrative Secured Party and the Beneficial Secured Parties under this Agreement.
c. All sales and transfers of any portion of the RPA Interest under the TAA are expressly subject to the interests granted to Administrative Secured Party under this Agreement. As among Administrative Secured Party and the Beneficial Secured Parties only, and subject to paragraph 9.3(e), EFC agrees that all valid and perfected rights and interests pertaining to the CompuCom Interest and the ...
Subordination of Interests. 40 9.4 Other Rights; Waiver of Marshaling.................................. 44 9.5
Subordination of Interests. Each Participant shall, from time to time, take all necessary actions, including the execution of appropriate agreements, to pledge and subordinate its Participating Interest, any liens it may hold which are created under this Agreement and any other right or interest it holds with respect to the Lucerne Property (other than an NSR Royalty created pursuant to Section 6.3) and, in the case that the American Flat PP&E option is exercised pursuant to Section 8.9, to the American Flat PP&E, to any secured borrowings of the Project Holding Company for Operations approved by the Board/Manager in accordance herewith.
Subordination of Interests. Each Member shall, from time to time, take all necessary actions, including execution of appropriate agreements, to pledge and subordinate its Ownership Interest, any liens it may hold which are created under this Agreement other than those created pursuant to Section 4.2 hereof, and any other right or interest it holds with respect to the Company and the Assets (other than any statutory lien of the Manager) to any secured borrowings for Operations approved by the Management Committee, including any secured borrowings relating to Project Financing, and any modifications or renewals thereof. Provided, however, under no circumstances shall the subordination required hereunder affect the priority of any lien or security interest granted by a Member to its lender or granted by the Company to the lender of a Member as contemplated by Section 7.2(g) of the Operating Agreement.
Subordination of Interests. CNLV hereby agrees that the USAF Lease and all of CNLV’s rights and interests in, to and under the USAF Lease, including, but not limited to, all of CNLV's rights and interests in, to and regarding the Leased Premises, are hereby subordinated and subjected in all respects to, and will at all times be subordinate, subject and junior in all respects to (a) NV Energy’s rights set forth in the Right of Entry being executed contemporaneously by NV Energy and the United States of America, as amended, renewed and replaced, (“Right of Entry”), (b) NV Energy’s rights set forth in the Grant of Easement being executed contemporaneously by NV Energy and the United States of America, as amended, renewed and replaced, (“Grant of Easement”), and (c) NV Energy’s rights and related restrictions set forth in this Agreement, as they may be modified from time to time by any amendment, modification or replacement of this Agreement (collectively, “Amendments”), the same, and as fully as if, this Agreement, any Amendments, and the Right of Entry had been executed, delivered and recorded in the Official Records of Clark County before execution and delivery of the USAF Lease. CNLV warrants that CNLV has not assigned or encumbered the USAF Lease or any interest of CNLV in or under the USAF Lease.
