Common use of Subordination of Other Obligations Clause in Contracts

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of an Event of Default shall be held in trust for the Administrative Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties to be credited and applied against the Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and provided that any such Indebtedness may be collected or received by the Obligee Guarantor at any time no Event of Default exists. Any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of Beneficiaries and shall, upon the Secured Parties occurrence of an Event of Default pursuant to Section 8.01(a), (f) or (g) and shall otherwise upon the demand of the Administrative Agent, forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and and, subject to the rights of the secured parties under the Existing Credit Agreement to any such Indebtedness collected or received by the Obligee Guarantor, any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Beneficiaries and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the any Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether ), other than any Intercompany Note effectively pledged under any of the Collateral Documents as original creditor, assignee, or by way security for any of subrogation, restitution or otherwisethe Obligations, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Beneficiaries and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the applicable Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon (other than any such amounts which are expressly permitted by the occurrence and during the continuance terms of an Event of Default this Agreement to be paid to such Obligee Guarantor) shall be held in trust for the Administrative Agent on behalf for its benefit and the benefit of the Secured Parties and shall forthwith be paid over to the Administrative Agent for its benefit and the benefit of the Secured Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default pursuant to Section 8.1(f) or (g) or (at the election of the Administrative Agent) any other Event of Default, has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Beneficiaries and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other such Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the benefit of the Administrative Agent on behalf and the other Beneficiaries and, following notice thereof from the Administrative Agent (acting at the direction of the Secured Parties and Requisite Lenders), shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without Uniti – Bridge Loan and Security Agreement affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by the Borrower or any other Guarantor (the “Obligee Guarantor”) ), whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether ), other than any Intercompany Note effectively pledged under any of the Collateral Documents as original creditor, assignee, or by way security for any of subrogation, restitution or otherwisethe Obligations, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Beneficiaries and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) ), whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Lenders and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Lenders to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness (including any right of the subrogation or contribution) of any Borrower or any other Guarantor now or hereafter held by owing to any other Guarantor (the “"Obligee Guarantor”") whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for Agent for its benefit and the Administrative Agent on behalf benefit of the Secured Parties Lenders and shall forthwith be paid over to the Administrative Agent for its benefit and the benefit of the Secured Parties Lenders to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any After an Event of Default has occurred and is continuing, any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby shall be subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties Beneficiaries and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower BorrowerCompany or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Secured Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Collateral Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Collateral Agent for the benefit of the Secured Parties to be credited and applied against the Secured Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the any Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “"Obligee Guarantor”) "), whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Pari Passu Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing or in breach of any Pari Passu Documents shall be held in trust for the Administrative Collateral Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Collateral Agent for the benefit of the Secured Parties to be credited and applied against the Secured Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Secured Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of an Event of Default shall be held in trust for the Administrative Collateral Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Collateral Agent for the benefit of the Secured Parties to be credited and applied against the Secured Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness indebtedness of the Borrower or any other Guarantor now or hereafter held by any other either Property Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Debt and to the payment, performance and completion of the Guaranteed Obligations, and any such Indebtedness indebtedness of Borrower to such Property Guarantor collected or received by the Obligee such Property Guarantor upon the occurrence and during the continuance of after an Event of Default (including any Event of Default under any of the Loan Documents) has occurred and is continuing shall be held in trust for the Administrative Agent (on behalf of the Lenders and any Secured Parties Hedge Banks) and shall forthwith be paid over to the Administrative Agent for the benefit (on behalf of the Lenders and any Secured Parties Hedge Banks) to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee such Property Guarantor under any other provision hereofof this Guaranty.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) ), whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Guaranteed Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Guaranteed Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the any Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon (other than any such amounts which are expressly permitted by the occurrence and during the continuance terms of an Event of Default this Agreement to be paid to such Obligee Guarantor) shall be held in trust for the Administrative Agent on behalf for its benefit and the benefit of the Secured Parties and shall forthwith be paid over to the Administrative Agent for its benefit and the benefit of the Secured Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) ), whether as original creditor, assignee, or by way of contribution, subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Guaranteed Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Guaranteed Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness of the Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is shall hereby be subordinated in right of payment to the guaranteed ObligationsGuaranteed Obligations upon the occurrence and during the continuance of an Event of Default, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Parties to be credited and applied against the Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

Subordination of Other Obligations. Any Indebtedness (including any right of the subrogation or contribution) of any Borrower or any other Guarantor now or hereafter held by owing to any other Guarantor (the “"Obligee Guarantor”") whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for Agent for its benefit and the Administrative Agent on behalf benefit of the Secured Parties Lenders and shall forthwith be paid over to the Administrative Agent for its benefit and the benefit of the Secured Parties Lenders to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.. ​

Subordination of Other Obligations. Any Indebtedness of the any Borrower or any other Guarantor now or hereafter held by any other Guarantor (the “Obligee Guarantor”) ), whether as original creditor, assignee, or by way of subrogation, restitution or otherwise, is hereby subordinated in right of payment to the guaranteed Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor upon the occurrence and during the continuance of after an Event of Default has occurred and is continuing shall be held in trust for the Administrative Agent on behalf of the Secured Guaranteed Parties and shall forthwith be paid over to the Administrative Agent for the benefit of the Secured Guaranteed Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.