Subordination of Subordinated Obligations. (a) Creditor covenants and agrees that anything in any agreement or instrument creating, evidencing or relating to the Subordinated Obligations to the contrary notwithstanding, the Subordinated Obligations shall be subordinate and junior in right of payment, distribution and lien to the Lender Indebtedness, and without limiting the generality of the foregoing:
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Samples: Creditor Subordination Agreement (Teamstaff Inc), Creditor Subordination Agreement (Teamstaff Inc)
Subordination of Subordinated Obligations. (a) 23.1 Creditor covenants and agrees that anything in any agreement or instrument creating, evidencing or relating to the Subordinated Obligations to the contrary notwithstanding, the Subordinated Obligations shall be subordinate and junior in right of payment, distribution and lien to the Lender Bank Indebtedness, and without limiting the generality of the foregoing:
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Samples: Revolving Credit and Security Agreement (Universal Power Group Inc.)
Subordination of Subordinated Obligations. (a) Creditor covenants and agrees that anything in any agreement or instrument creating, evidencing or relating to the Subordinated Obligations to the contrary notwithstanding, the Subordinated Obligations obligations shall be subordinate and junior in right of payment, distribution and lien to the Lender Bank Indebtedness, and without limiting the generality of the foregoing:
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Subordination of Subordinated Obligations. (a) Creditor covenants and agrees that Notwithstanding anything in any agreement or instrument creating, evidencing or relating to the Subordinated Obligations to the contrary notwithstandingcontained in this Agreement or any other Loan Document, the Subordinated Obligations shall at all times be subordinate and junior subject in right of payment, distribution priority and lien payment to the Lender Indebtedness, and without limiting the generality prior payment in full of the foregoing:Senior Obligations as set forth herein.
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