Common use of Subordination of Liabilities Clause in Contracts

Subordination of Liabilities. { }1 (the “Debtor”), for itself, and its successors and assigns, covenants and agrees, and { }2 (the “Creditor”) covenants and agrees, that the payment of the principal of, interest on, and all other amounts owing in respect of, the { }3 (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of Senior Indebtedness (as defined in Section 1.07 of this Exhibit).

Subordination of Liabilities. { }1 (1) (the “Debtor”), for itself, and its successors and assigns, covenants and agrees, and { }2 (2) (the “Creditor”) covenants and agrees, that the payment of the principal of, interest on, and all other amounts owing in respect of, the { }3 (3) (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of Senior Indebtedness (as defined in Section 1.07 of this Exhibit).

Subordination of Liabilities. { {___________}1 8 (the “Debtor”), for itself, and its successors and assigns, covenants and agrees, and { {___________}2 9 (the “Creditor”) covenants and agrees, that the payment of the principal of, interest on, and all other amounts owing in respect of, the { {__________}3 10 (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of Senior Indebtedness (as defined in Section 1.07 of this Exhibit).

Subordination of Liabilities. { {___________}1 (the “Debtor”), for itself, and its successors and assigns, covenants and agrees, and { {___________}2 (the “Creditor”) covenants and agrees, that the payment of the principal of, interest on, and all other amounts owing in respect of, the { {__________}3 (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of Senior Indebtedness (as defined in Section 1.07 of this Exhibit).