Common use of Subordination of Liens Clause in Contracts

Subordination of Liens. (a) The Subordinated Lender hereby covenants and agrees that any Liens and rights of any kind the Subordinated Lender may now have and hereafter acquire (or be deemed to now have or hereafter acquire) against either Company or any Obligor and/or any Company Property, if any, shall be subordinate and subject to the Liens and rights against either Company, Obligors and/or Company Property of the Senior Lenders arising from or out of the Senior Indebtedness, regardless of the order, time or manner in which any Liens attach to or are perfected in any Company Property.

Subordination of Liens. (a) The Each Subordinated Lender Claimant hereby covenants and agrees that any Liens and rights of any kind the such Subordinated Lender Claimant may now have and hereafter acquire (or be deemed to now have or hereafter acquire) against either Company the Company, the Management Co., or any Obligor and/or any Company Property, if any, shall be subordinate and subject to the Liens and rights against either the Company, the Management Co., Obligors and/or Company Property of the Senior Lenders arising from or out of the Senior Indebtedness, regardless of the order, time or manner in which any Liens attach to or are perfected in any Company Property.

Subordination of Liens. (a) The Each Subordinated Lender hereby covenants and agrees that any Liens and rights of any kind the such Subordinated Lender may now have and or hereafter acquire (or be deemed to now have or hereafter acquire) whether pursuant to the Security Documents or otherwise against either Company any Borrower or any Obligor Loan Party and/or any Company Property, if any, shall be subordinate and subject to the Liens and rights against either Companyany Borrower, Obligors any Loan Party and/or any Company Property of the Senior Lenders arising from or out of the Senior Indebtedness, regardless of the order, time or manner in which any Liens attach to or are perfected in any Company Property.

Subordination of Liens. (a) The 3.1 Subordinated Lender hereby covenants and agrees that any Liens and rights of any kind the Subordinated Lender may now have and hereafter acquire (or be deemed to now have or hereafter acquire) against either the Company or any Obligor and/or any Company Property, if any, shall be subordinate subordinate, to the extent and in the manner hereinafter set forth, and subject to the Liens and rights against either the Company, Obligors and/or Company Property of the Senior Lenders Lender arising from or out of the Senior Indebtedness, regardless of the order, time or manner in which any Liens attach to or are perfected in any Company Property.