Subordination to Payment of Senior Debt. As to each Obligor, all payments on account of the Subordinated Debt shall be subject, subordinate, and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the prior payment, in full, in cash or cash equivalents of the Senior Debt.
Subordination to Payment of Senior Debt. All payments on account of the Subordinated Debt shall be subject, subordinate and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the prior payment, in full, in cash (or other consideration acceptable to Foothill in its sole discretion and agreed to by Foothill) of the Senior Debt.
Subordination to Payment of Senior Debt. As to each Loan Party, all payments on account of the Subordinated Debt shall be subject, subordinate, and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the prior payment, in full, in cash or cash equivalents of the Senior Debt.
Subordination to Payment of Senior Debt. As to each Obligor, until the Termination Date, all payments on account of the Subordinated Debt shall be subject, subordinate, and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the payment in full in cash (except as otherwise expressly set forth in the Loan Documents) of the Senior Debt (other than Contingent Indemnity Obligations).
Subordination to Payment of Senior Debt. Each Subordinated Creditor hereby agrees that all Subordinated Debt now or hereafter owned or held by or owing to it, and any interest therein, is and shall be subject, subordinate, and junior, in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the prior payment in full in cash of all Senior Debt.
Subordination to Payment of Senior Debt. Notwithstanding any --------------------------------------- other provision of the Management Agreement, all fees payable to the Manager pursuant to the Management Agreement (other than expense reimbursement payable to the Manager in accordance with the terms of the Management Agreement) (the "Management Fees") are and shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to the prior indefeasible payment in full, satisfaction and discharge or defeasance in accordance with the Operative Documents of all Senior Debt (as defined below).
Subordination to Payment of Senior Debt. The right to payment and satisfaction of the Subordinated Debt is hereby subject, subordinate, and junior, to the extent and in the manner set forth herein, to the prior payment in full of the Senior Debt.
