Common use of Subordination of the Guaranteed Obligations Clause in Contracts

Subordination of the Guaranteed Obligations. Notwithstanding anything herein to the contrary, the Collateral Agent, for itself and on behalf of each Secured Party, and each Guarantor hereby agrees that the Guaranteed Obligations of CKI and the CKI Affiliates shall be subordinated in right of payment to the CKI and Debenture Obligations to the extent set forth in Section 2.3 of the CKI Intercreditor Agreement.

Subordination of the Guaranteed Obligations. Notwithstanding anything herein or in any other Loan Document to the contrary, the Collateral Agent, for itself and on behalf of each Secured Party, and each Guarantor hereby agrees that the Guaranteed Obligations of CKI and the CKI Affiliates shall be subordinated in right of payment to the CKI Obligations and Debenture 2023 Debentures Obligations to the extent set forth in Section 2.3 of the CKI Intercreditor Agreement.