Common use of Subordination of Subordinated Debt Clause in Contracts

Subordination of Subordinated Debt. The Company, for itself and its successors and assigns, covenants and agrees, and the Subordinated Creditor, for itself and its successors and assigns, likewise covenants and agrees, that, to the extent and in the manner set forth in this Agreement, the Subordinated Debt, is hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Debt.

Subordination of Subordinated Debt. The CompanyEach Obligor, for itself and its successors and assigns, covenants and agrees, and the each Subordinated Creditor, for itself and its successors and assigns, Lender likewise covenants and agrees, that, to the extent and in the manner set forth in this Agreement, the Subordinated Debt, is and the payment from whatever source of the principal of, and interest on, the Subordinated Debt, are hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Debt.

Subordination of Subordinated Debt. The CompanyEach Obligor, for itself and its successors and assigns, covenants and agrees, and the each Subordinated Creditor, for itself on its own behalf and its successors and assignson behalf of each subsequent holder of Subordinated Debt, likewise covenants and agrees, that, to the extent and in the manner set forth in this Agreement, the Subordinated Debt, is and the payment from whatever source of the principal of, and interest on, the Subordinated Debt, are hereby expressly made subordinate and subject in right of payment to the prior payment in full in cash of all Senior Debt.