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

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. All As to each Obligor, 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 other consideration acceptable to Foothill in its sole discretion and agreed to by Foothill) payment of the Senior DebtDebt until the Senior Debt has been Paid in Full (as defined in the Credit Agreement).