Common use of Subordination of Interests Clause in Contracts

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 Member shall shall, from time to time time, take all necessary or appropriate actions, including but not limited to execution of appropriate instruments and agreements, to pledge and subordinate its Ownership Interest, any liens and security interests Liens it may hold which are created under this Agreement other than those created pursuant to Section 4.3securing repayment of an outstanding Elected Loan or Demand Loan, and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time 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 which are created under this Agreement other than those created pursuant to Section 4.34.3 hereof, and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time 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 which are created under this Agreement other than those created pursuant subject to Section 4.3the terms of this Agreement, and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time 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 which are created under this Agreement other than those created pursuant to Section 4.3SECTION 4.3 hereof, ----------- and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time time, take all necessary or appropriate actions, including but not limited to execution of appropriate instruments and agreements, to pledge and subordinate its Ownership Interest, any liens and security interests Liens it may hold which are created under this Agreement other than those created pursuant to Section 4.3Agreement, and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time time, take all necessary or appropriate actions, including but not limited to execution of appropriate agreements, to pledge and subordinate its Ownership Membership Interest, any liens and security interests it may hold which are created under this Agreement other than those created pursuant to Section 4.35.14 hereof, and any other rights right or interests 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 but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.

Subordination of Interests. Each Member shall shall, from time to time 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 which are created under this Agreement other than those created pursuant to Section 4.34.3 hereof, and any other rights right or interests interest it holds with respect to the Company and the Properties and Assets (other than any statutory lien of the Manager) to any secured borrowings for Operations approved by the Management Committee, including but not limited to any secured borrowings for Operations relating to Project Financing Financing, and any modifications or renewals thereof.