Common use of Subordination of Liens Clause in Contracts

Subordination of Liens. So long as any Obligation remains outstanding or any obligation of the Lenders exists to make Loans under the Credit Agreement, 3TEC hereby subordinates all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document creating or perfecting any such Lien securing all or any portion of the Obligations. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations.

Subordination of Liens. So long as any Obligation the Senior Debt remains ---------------------- outstanding or any obligation of the Senior Lenders exists to make Loans loans under the Senior Credit Agreement, 3TEC the Noteholders hereby subordinates subordinate all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt Notes to all Liens, now existing or hereafter created or arising, securing all or any portion of the ObligationsSenior Debt, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document document creating or perfecting any such Lien securing all or any portion of the ObligationsSenior Debt. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt Notes shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the ObligationsSenior Debt.

Subordination of Liens. So long as any Obligation remains outstanding or any obligation of the Lenders exists to make Loans under the Credit Agreement, 3TEC Shoeinvest hereby subordinates all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document creating or perfecting any such Lien securing all or any portion of the Obligations. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations.

Subordination of Liens. So long as any Obligation remains outstanding or any obligation of the Lenders exists to make Loans under the Credit Agreement, 3TEC SFP hereby subordinates all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document creating or perfecting any such Lien securing all or any portion of the Obligations. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations.

Subordination of Liens. So long as any Obligation remains outstanding or any obligation of the Lenders Lender exists to make Loans under the Credit Agreement, 3TEC Parawon hereby subordinates all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document creating or perfecting any such Lien securing all or any portion of the Obligations. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations.

Subordination of Liens. So long as any Obligation remains outstanding or any obligation of the Lenders exists to make Loans under the Credit Agreement, 3TEC Prudential hereby subordinates all Liens, now existing or hereafter created or arising, securing all or any portion of the Debt to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations, notwithstanding any defect, deficiency, error or omission which may be contained in any Loan Document creating or perfecting any such Lien securing all or any portion of the Obligations. All Liens, now existing or hereafter created or arising, securing all or any portion of the Debt shall at all times remain subordinate, secondary and inferior to all Liens, now existing or hereafter created or arising, securing all or any portion of the Obligations.