Subordination Provisions. The Purchaser covenants and agrees, and the Seller, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7:
Appears in 11 contracts
Samples: Mortgage Loan Purchase Agreement (American Residential Eagle Inc), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/)
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerHolder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7paragraph:
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Chemtura CORP), Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):
Appears in 3 contracts
Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), QRS Purchase and Sale Agreement (OUTFRONT Media Inc.), Purchase and Sale Agreement (OUTFRONT Media Inc.)
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests, and any payment hereunder is pari passu in right of payment and performance to all other Junior Liabilities, to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):
Appears in 3 contracts
Samples: Receivables Sale Agreement (C. H. Robinson Worldwide, Inc.), Receivables Sale Agreement (C. H. Robinson Worldwide, Inc.), Purchase and Sale Agreement (Hill-Rom Holdings, Inc.)
Subordination Provisions. The Initial Purchaser covenants and agrees, and the SellerOriginator, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Owens & Minor Inc/Va/), Purchase and Sale Agreement (D & K Healthcare Resources Inc), Purchase and Sale Agreement (Conmed Corp)
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests, to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):
Appears in 2 contracts
Samples: Purchase and Contribution Agreement (United Rentals North America Inc), Receivables Purchase Agreement (United Rentals North America Inc)
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerHolder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7paragraph:
Appears in 1 contract
Subordination Provisions. The Purchaser covenants and ------------------------ agrees, and the SellerOriginator, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:: ---------
Appears in 1 contract
Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerMaster Servicer, as agent for various Sellers hereafter added to the Receivables Sale Agreement, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:
Appears in 1 contract
Samples: Receivables Sale Agreement (General Cable Corp /De/)
Subordination Provisions. The Purchaser [NAME OF PURCHASER] covenants and agrees, and the Sellereach Holder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7:
Appears in 1 contract
Samples: Receivables Purchase and Sale Agreement (Thermadyne MFG LLC)
Subordination Provisions. The Purchaser covenants and agrees, and the ------------------------ Seller, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7:
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)