Common use of Subordination; Subrogation Clause in Contracts

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances and other Obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 6 contracts

Samples: Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (Claires Stores Inc), Term Loan Credit Agreement (Claires Stores Inc)

AutoNDA by SimpleDocs

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 5 contracts

Samples: Guarantee and Collateral Agreement (Noranda Aluminum Holding CORP), Guarantee and Collateral Agreement (Noranda Aluminum Holding CORP), Credit Agreement (Noranda Aluminum Holding CORP)

Subordination; Subrogation. (a) Each The Guarantor hereby subordinates any and all debts, liabilities, receivables, advances and other Obligations owed to such the Guarantor by each other Loan Party the Borrower of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 3 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (Claires Stores Inc), Guarantee and Collateral Agreement (Claires Stores Inc)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances and other Obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 2 contracts

Samples: Credit Agreement (Claires Stores Inc), Amendment No. 3 and Waiver (Claires Stores Inc)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Berry Plastics Holding Corp), Second Lien Guarantee and Collateral Agreement (Covalence Specialty Adhesives LLC)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 1 contract

Samples: Second Lien Bridge Credit Agreement (Berry Global Group Inc)

Subordination; Subrogation. (a) Each Guarantor Holdings hereby subordinates any and all debts, liabilities, receivables, advances and other Obligations owed to such Guarantor it by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.036.01:

Appears in 1 contract

Samples: Guarantee and Pledge Agreement (Cke Restaurants Inc)

AutoNDA by SimpleDocs

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances and other Securities Obligations owed to such Guarantor by each other Loan Securities Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Securities Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 1 contract

Samples: Collateral Agreement (Aeroways, LLC)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations obligations owed to such Guarantor by each other Loan Party Guarantor and by each other Affiliate of whatever nature at any time outstanding BSC (the "Subordinated Obligations") to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Bear Stearns Companies Inc)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations obligations owed to such Guarantor by each other Loan Party Guarantor and by each other Affiliate of whatever nature at any time outstanding BSC (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (J P Morgan Chase & Co)

Subordination; Subrogation. (a) Each Guarantor hereby subordinates any and all debts, liabilities, receivables, advances liabilities and other Obligations obligations owed to such Guarantor by each other Loan Party of whatever nature at any time outstanding (the “Subordinated Obligations”) to the Obligations to the extent and in the manner hereinafter set forth in this Section 6.03:

Appears in 1 contract

Samples: Abl Credit Agreement (Noranda Aluminum Holding CORP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!