Subordination of Obligations. The payment and performance of any and all Subordinated Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, are expressly subordinated to the Senior Obligations, to the extent and in the manner set forth in this Agreement and notwithstanding anything to the contrary in any of the Subordinated Documents, without regard to the date any loan or extension of credit is made to Company.
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Samples: Construction and Funding Contract (Blue Dolphin Energy Co), Intercreditor and Subordination Agreement (Blue Dolphin Energy Co)
Subordination of Obligations. (a) The payment and performance of any and all Subordinated Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, Obligations (as defined below) are expressly subordinated to the Senior ObligationsObligations (as defined below), to the extent and in the manner set forth in this Subordination Agreement and notwithstanding anything to the contrary in any of the Subordinated DocumentsLoan Documents (as defined below), without regard to the date any loan or extension of credit is made to CompanyBorrower.
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Samples: Subordination Agreement (Kentucky USA Energy, Inc.)
Subordination of Obligations. (a) The payment and performance of any and all Subordinated Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, Obligations (as defined below) are expressly subordinated to the Senior ObligationsObligations (as defined below), to the extent and in the manner set forth in this Subordination Agreement and notwithstanding anything to the contrary in any of the Subordinated DocumentsLoan Documents (as defined below), without regard to the date any loan or extension of credit is made to CompanyParent.
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Samples: Subordination Agreement (Kentucky USA Energy, Inc.)
Subordination of Obligations. (a) The payment and performance of any and all Subordinated Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, Obligations are expressly subordinated to the Senior ObligationsObligation, to the extent and in the manner set forth in this Subordination Agreement and notwithstanding anything to the contrary in any of the Subordinated DocumentsLoan Documents (as defined below), without regard to the date any loan or extension of credit the Loan is made to Companyfunded.
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