Common use of Subordination The Guarantor agrees and undertakes with the Finance Parties Clause in Contracts

Subordination The Guarantor agrees and undertakes with the Finance Parties. that all claims of whatsoever nature which it has or may have at any time against the Borrowers or any of them or any other Security Party or any of their respective property or assets shall rank after and be in all respects subordinate to any and all claims, whether actual or contingent, which the Finance Parties have or may have at any time against the Borrowers or any of them or such other Security Party or any of its property or assets and that it will not without the prior written consent of the Agent (acting on the instructions of the Majority Lenders):

Subordination The Guarantor agrees and undertakes with the Finance Parties. that all claims of whatsoever nature which it has or may have at any time against the Borrowers or any of them Borrower or any other Security Party or any of their respective property or assets shall rank after and be in all respects subordinate to any and all claims, whether actual or contingent, which the Finance Parties have or may have at any time against the Borrowers or any of them Borrower or such other Security Party or any of its property or assets and that it will not without the prior written consent of the Agent (acting on the instructions of the Majority Lenders):

Subordination The Guarantor agrees and undertakes with the Finance Parties. that all claims of whatsoever nature which it has or may have at any time against the Borrowers or any either of them or any other Security Party or any of their respective property or assets shall rank after and be in all respects subordinate to any and all claims, whether actual or contingent, which the Finance Parties have or may have at any time against the Borrowers or any either of them or such other Security Party or any of its property or assets and that it will not without the prior written consent of the Agent (acting on the instructions of the Majority Lenders):