Common use of Subordination of intra-Group debt Clause in Contracts

Subordination of intra-Group debt. Save as required under agreements governing any Financial Indebtedness of the Group, the Issuer shall ensure that its obligations under all agreements related to intra- Group loans, if any, provided to it by any Group Company shall be subordinated in all respects to its obligations to the Bondholders under this Bond Agreement.

Subordination of intra-Group debt. Save as required under agreements governing any Financial Indebtedness of the Group, the The Issuer shall ensure that its obligations under all agreements related to intra- intra-Group loans, if any, provided to it by any Group Company shall be subordinated in all respects to its obligations to the Bondholders under this Bond Agreement.