Common use of Subordination of Subordinated Indebtedness Clause in Contracts

Subordination of Subordinated Indebtedness. The payment of the ------------------------------------------ Subordinated Indebtedness and the rights of the holders thereof are subordinated to the payment of the Superior Indebtedness and the rights of the holders thereof to the extent specified in this section 1.

Appears in 2 contracts

Samples: Subordination Agreement (Navisite Inc), Note and Warrant Purchase Agreement (Navisite Inc)

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Subordination of Subordinated Indebtedness. The payment of the ------------------------------------------ Subordinated Indebtedness and the rights of the holders thereof are subordinated to the payment of the Superior Senior Indebtedness and the rights of the holders thereof to the extent specified in this section Section 1.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

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