Common use of Subordination of Sums Payable Clause in Contracts

Subordination of Sums Payable. All of the Borrower's obligations, if any, to any of the Guarantors, shareholders, officers or directors of the Borrower for borrowed money shall be subordinated to the Borrower's performance of its obligations to the Bank with respect to the Loan.

Subordination of Sums Payable. All of the Borrower's obligations, if any, to any of the GuarantorsGuarantor, any of its Subsidiaries, and shareholders, officers or directors of the Borrower for borrowed money shall be subordinated to the Borrower's performance of its obligations to the Bank with respect to the Loan.

Subordination of Sums Payable. All of the each Borrower's obligations, if any, to any of the Guarantorsits Subsidiaries, and shareholders, officers or directors of the any Borrower for borrowed money shall be subordinated to the Borrower's performance of its obligations to the Bank with respect to the Loan.