Common use of Subordination of Remedies Clause in Contracts

Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following the occurrence of any Event of Default and until such Event of Default is cured or waived, each Obligor shall not, without the prior written consent of Collateral Agent:

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Elgar Holdings Inc)

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Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following the occurrence of any Event of Default and until such Event of Default is cured or waived, each no Obligor shall notshall, without the prior written consent of Collateral the Agent:

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Composite Technology Corp)

Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following upon the occurrence of any Event of Default and until such Event of Default is cured or waived, each except for Subordinated Debt Payments made (i) to a Borrower or (ii) in connection with any transaction permitted under Section 7.3(i) of the Second Amended and Restated Loan and Security Agreement, no Obligor shall notshall, without the prior written consent of Collateral Agent:

Appears in 1 contract

Samples: Intercompany Subordination Agreement (SMART Modular Technologies (WWH), Inc.)

Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following the occurrence of any Event of Default and until such Event of Default is cured or waived, each Obligor shall not, without the prior written consent of Collateral AgentFoothill:

Appears in 1 contract

Samples: Subordination Agreement (Fitzgeralds Gaming Corp)

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Subordination of Remedies. As long as any Until Discharge of Senior Debt shall remain outstanding and unpaidDebt, following the occurrence and during the continuance of any Event of Default and until such Event of Default is cured or waived, each no Obligor shall notshall, without the prior written consent of Collateral Agent:

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Jack Cooper Logistics, LLC)

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