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 the Agent:

Appears in 2 contracts

Samples: Intercompany Subordination Agreement (Frontstep Inc), Intercompany Subordination Agreement (Iron Age Holdings Corp)

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Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following the occurrence and during the continuance of any Event of Default with respect to any Senior Debt and until such Event of Default is cured or waivedthe Subordinated Creditor for Subordinated Debt shall have received written notice from the Agent, each Obligor Subordinated Creditor shall not, without the prior written consent of the Agent:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Fifth Street Asset Management Inc.)

Subordination of Remedies. As long as any Senior Debt shall remain outstanding and unpaid, following the occurrence and during the continuance of any Event of Default with respect to any Senior Debt and until such Event of Default is cured or waivedthe Subordinated Creditor for Subordinated Debt shall have received written notice from the Agent, each Obligor Subordinated Creditor shall not, without the prior written consent of the Agent:

Appears in 1 contract

Samples: Credit Agreement (Ares Management Lp)

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 other than any Borrower shall not, without the prior written consent of the Agent:

Appears in 1 contract

Samples: Intercompany Subordination Agreement (New York & Company, Inc.)

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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(a) of the Loan Agreement, no Obligor shall notshall, without the prior written consent of the Agent:

Appears in 1 contract

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

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