Common use of Subordination Provisions Clause in Contracts

Subordination Provisions. Notwithstanding any other provision of the Subordinated Lending Agreements to the contrary, any Distribution with respect to the Subordinated Indebtedness is and shall be expressly junior and subordinated in right of payment to all amounts due and owing upon all Senior Indebtedness outstanding from time to time. Specifically, but not by way of limitation:

Appears in 4 contracts

Samples: Subordination Agreement (Fusion Connect, Inc.), Subordination Agreement (Fusion Connect, Inc.), Subordination Agreement (Fusion Connect, Inc.)

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Subordination Provisions. Notwithstanding To induce Senior Lender to enter into the Loan Agreement and to make loans and advances thereunder, notwithstanding any other provision of the Subordinated Lending Agreements Indebtedness to the contrary, any Distribution with respect to the Subordinated Indebtedness is and shall be expressly junior and subordinated in right of payment to all amounts due and owing upon all Senior Indebtedness outstanding from time to time. Specifically, but not by way of limitation:

Appears in 3 contracts

Samples: Subordination Agreement (National Record Mart Inc /De/), Subordination and Intercreditor Agreement (Frontline Communications Corp), Subordination Agreement (Ventures National Inc)

Subordination Provisions. Notwithstanding any other provision of the Subordinated Lending Agreements Indebtedness to the contrary, any Distribution with respect to the Subordinated Indebtedness is and shall be expressly junior and subordinated in right of payment to all amounts due and owing upon all Senior Indebtedness outstanding from time to timetime to the extent and on the terms and conditions set forth herein. SpecificallyNotwithstanding anything herein to the contrary, but not by this Agreement shall in no way impair or otherwise affect the obligation of limitation:Borrower to make payments of any nature pursuant to the terms of the Subordinated Loan Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Gulfmark Offshore Inc)

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Subordination Provisions. Notwithstanding any other provision of the Subordinated Lending Agreements Indebtedness to the contrary, any Distribution with respect to the Subordinated Indebtedness is and shall be expressly junior and subordinated in right of payment to all amounts due and owing upon all Senior Indebtedness outstanding from time to time. Specifically, but not by way of limitation:time to the extent and on the terms and conditions set forth herein.

Appears in 1 contract

Samples: Subordination Agreement (NRG Generating U S Inc)

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