Common use of Subordination to Payment of Senior Debt Clause in Contracts

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. As to each Obligor, all 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 Discharge of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all 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, all Subordinated Debt, including, without limitation, all payments on account of the Subordinated Debt 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, Payment in full, in cash or cash equivalents Full of the Senior Debt.

Subordination to Payment of Senior Debt. As to each ObligorDebtor, 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 ObligorCreditor, 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 Discharge of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all payments on account of the All Subordinated Debt Payments and Permitted Junior Securities Payments shall be subject, subordinate, 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, payment in full, full in cash or cash equivalents of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all All payments by Borrower 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 DebtDebt (including Obligations in respect of Letters of Credit, unless all such Letters of Credit are cancelled, expired or are cash collateralized or subject to other arrangements reasonably satisfactory to Agent and the Issuing Lender).

Subordination to Payment of Senior Debt. As to each ObligorSubordinated Creditor, 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, 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 equivalents, of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all payments on account of the Subordinated Debt shall be subject, subordinate, and junior, junior in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the prior payment, payment in full, full in cash or cash equivalents of the Senior Debt, the termination of the Loan Documents and any commitments to extend credit thereunder, and the cancellation or collateralization in accordance with the Credit Agreement of all Letters of Credit and Bank Product Obligations (hereinafter, “Paid in Full”).

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 until the Senior DebtDebt shall have been Paid in Full.

Subordination to Payment of Senior Debt. As to each Obligor, all All payments on account --------------------------------------- of the Subordinated Debt shall be subject, subordinate, 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 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 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 payment of the Senior DebtDebt until the Senior Debt has been Paid in Full (as defined in the Loan Agreements).

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, payment in full, in cash or cash equivalents full of the Senior Debt.

Subordination to Payment of Senior Debt. As Except as otherwise provided herein, 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 equivalents, of the Senior DebtDebt applicable to each Obligor.

Subordination to Payment of Senior Debt. As to each ObligorCompany, 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 ObligorLoan 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, all All payments on account of the Subordinated Debt shall be subject, subordinate, 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, payment in full, full in cash or cash equivalents of the Senior Debt.

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 DebtDebt (or the collateralization thereof in a manner reasonably satisfactory to Collateral Agent).

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. As to each Obligor, all Subordinated Debt, including, without limitation, 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 cash, of the Senior DebtDebt (other than obligations under Hedging Agreements not yet due and payable and Contingent Indemnity Obligations) (hereinafter, “Paid in Full”).

Subordination to Payment of Senior Debt. As Subject to the Intercreditor Agreement, 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. As to each Obligor, all payments on account of the All Subordinated Debt Payments and Permitted Junior Securities shall be subject, subordinate, 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, payment in full, full in cash or cash equivalents of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all All payments on account of the Subordinated Debt shall be subject, subordinate, 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, indefeasible payment in full, full in cash or cash equivalents of the Senior Debt.

Subordination to Payment of Senior Debt. As to each Obligor, all payments All Subordinated Debt Payments on account of the Subordinated Debt shall be subject, subordinate, subordinate and junior, junior in right of payment and exercise of remedies, to the extent and in the manner set forth herein, remedies to the prior payment, payment in full, full in cash or cash equivalents of the Senior Debt.

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. To the extent required under any agreements to which any of the Obligors are party, each Obligor hereby consents to the security interest of Agent in each of the Obligor’s personal property and other assets.

Subordination to Payment of Senior Debt. As to each ObligorSubordinated Creditor, 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 DebtDebt (including Obligations in respect of Letters of Credit, unless all such Letters of Credit are cancelled, expired or are cash collateralized).

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 set, forth herein, to the prior payment, in full, in cash or cash equivalents of the Senior Debt.