Common use of Subordination to Senior Obligations Clause in Contracts

Subordination to Senior Obligations. (i) Each Credit Party hereby covenants and agrees that, as provided herein, all indebtedness, intercompany charges and other sums owing and claims of any nature whatsoever owed to such Credit Party by any other Credit Party (“Intercompany Obligations”), the payment of the principal of and interest thereon and any lien or security interest therefor are hereby expressly made subordinate and subject in right of payment to this Agreement or the prior payment in full of: (A) all Secured Debt and all other obligations now or hereafter incurred by any of the Credit Parties under this Agreement or any of the other Loan Documents, (B) interest thereon (including, without limitation, any such interest accruing subsequent to the filing by or against any of the Credit Parties of any proceeding brought under Chapter 11 of the Bankruptcy Code, whether or not such interest is allowed as a claim pursuant to the provisions of such Chapter), and (C) all fees, expenses, indemnities and other amounts now or hereafter payable pursuant to or in connection with this Agreement and all other Loan Documents (collectively the “Senior Obligations”), and any lien on any property or asset securing the Senior Obligations.

Subordination to Senior Obligations. (i) Each Credit Party hereby covenants and agrees that, as provided herein, all indebtedness, intercompany charges and other sums owing and claims of any nature whatsoever owed to such Credit Party by any other Credit Party (“Intercompany Obligations”), the payment of the principal of and interest thereon and any lien or security interest therefor are hereby expressly made subordinate and subject in right of payment to this Agreement or the prior payment in full of: (A) all Secured Debt and all other obligations now or hereafter incurred by any of the Credit Parties under this Agreement or any of the other Loan Documents, (B) interest thereon (including, without limitation, any such interest accruing subsequent to the filing by or against any of the Credit Parties of any proceeding brought under Chapter 11 of the Bankruptcy CodeCodeany Debtor Relief Law, whether or not such interest is allowed as a claim pursuant to the provisions of such ChapterChapterDebtor Relief Law), and (C) all fees, expenses, indemnities and other amounts now or hereafter payable pursuant to or in connection with this Agreement and all other Loan Documents (collectively the “Senior Obligations”), and any lien on any property or asset securing the Senior Obligations.

Subordination to Senior Obligations. (ia) Each Credit Party Guarantor hereby covenants and agrees that, as provided herein, all indebtedness, intercompany charges and other sums owing and claims of any nature whatsoever owed to such Credit Party Guarantor by any other Credit Party Corporation (“"Intercompany Obligations”"), the payment of the principal of and interest thereon and any lien or security interest therefor are hereby expressly made subordinate and subject in right of payment to this Agreement or the prior payment in full of: (Ai) all Secured Debt and all other obligations now or hereafter incurred by any of the Credit Parties Corporations under this Agreement or any of the other Loan Purchaser Documents, (Bii) interest thereon (including, without limitation, any such interest accruing subsequent to the filing by or against any of the Credit Parties Corporations of any proceeding brought under Chapter 11 of the 11 U.S.C. ss.101 et seq., as from time to time hereafter amended and any successor or similar statute ("Bankruptcy Code"), whether or not such interest is allowed as a claim pursuant to the provisions of such Chapter), and (Ciii) all fees, expenses, indemnities and other amounts now or hereafter payable pursuant to or in connection with this the Purchase Agreement and all other Loan Purchaser Documents (collectively the “"Senior Obligations”"), and any lien on any property or asset securing the Senior Obligations.

Subordination to Senior Obligations. (ia) Each Credit Party Guarantor hereby covenants and agrees that, as provided herein, all indebtedness, intercompany charges and other sums owing and claims of any nature whatsoever owed to such Credit Party Guarantor by any other Credit Party (“"Intercompany Obligations”"), the payment of the principal of and interest thereon and any lien or security interest therefor are hereby expressly made subordinate and subject in right of payment to this Agreement or the prior payment in full of: (Ai) all Secured Debt and all other obligations now or hereafter incurred by any of the Credit Parties under this Agreement or any of the other Loan Documents, (Bii) interest thereon (including, without limitation, any such interest accruing subsequent to the filing by or against any of the Credit Parties of any proceeding brought under Chapter 11 of the 11 U.S.C. ss.101 et seq., as from time to time hereafter amended and any successor or similar statute ("Bankruptcy Code"), whether or not such interest is allowed as a claim pursuant to the provisions of such Chapter), and (Ciii) all fees, expenses, indemnities and other amounts now or hereafter payable pursuant to or in connection with this the Loan Agreement and all other Loan Documents (collectively the “"Senior Obligations”"), and any lien on any property or asset securing the Senior Obligations.