Common use of Subordinations Clause in Contracts

Subordinations. Provide Lender with a debt subordination -------------- agreement, in form and substance satisfactory to Lender, executed by such Borrower and any Person who is an officer, director or Affiliate of such Borrower to whom such Borrower is or hereafter becomes indebted for Money Borrowed, subordinating in right of payment and claim all of such Indebtedness and any future advances thereon to the full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

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Subordinations. Provide Lender with a debt subordination -------------- agreementagreements, in form and substance satisfactory to Lender, executed by such Borrower and from any Person who is an officer, director or Affiliate of such any Borrower to whom such Borrower is or hereafter becomes indebted for Money Borrowed, subordinating in right of payment and claim all of such Indebtedness and any future advances thereon to the full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (CFP Holdings Inc)

Subordinations. Provide Lender with a debt subordination -------------- agreement, in form and substance satisfactory to Lender, executed by such Borrower the Borrowers and any Person who is an officer, director or Affiliate of such Borrower to whom such Borrower is or hereafter becomes indebted for Money Borrowedmoney borrowed, subordinating in right of payment and claim all of such Indebtedness and any future advances thereon to the full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

Subordinations. Provide Lender with a debt subordination -------------- agreementagreement or other instrument, in form and substance satisfactory to Lender, executed by such Borrower and in the case of such agreement executed by any Person who is an officer, director or Affiliate of such Borrower the Person to whom such Borrower is or hereafter becomes indebted for Money BorrowedSubordinated Debt, subordinating in right of payment and claim all of such Indebtedness Subordinated Debt, and any future advances thereon to the full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

Subordinations. Provide Lender with a debt subordination -------------- agreementagreement or other instrument, in form and substance satisfactory to Lender, executed by Borrowers, or any of them, and in the case of such Borrower and agreement executed by any Person who is an officer, director or Affiliate of such Borrower the Person to whom such Borrower is Borrowers, or any of them, are or hereafter becomes become indebted for Money BorrowedSubordinated Debt, subordinating in right of payment and claim all of such Indebtedness Subordinated Debt, and any future advances thereon to the full and final payment and performance of the ObligationsObligations (unless otherwise provided in such agreement).

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc)

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Subordinations. Provide Lender with a debt subordination -------------- agreementagreement or other instrument, in form and substance satisfactory to Lender, executed by such Borrower and in the case of such agreement executed by any Person who is an officer, director or Affiliate of such Borrower the Person to whom such Borrower is or hereafter becomes indebted for Money BorrowedSubordinated Debt, subordinating in right of payment and claim all of such Indebtedness Subordinated Debt, and any future advances thereon to the full and final payment and performance of the ObligationsObligations (unless otherwise provided in such agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

Subordinations. Provide Lender with a debt subordination -------------- agreement, in form and substance satisfactory to Lender, executed by such Borrower and any Person who is an officer, director or Affiliate of such Borrower to whom such Borrower is or hereafter becomes indebted for Money Borrowed, subordinating in right of payment and claim all of such Indebtedness and any future advances thereon to the full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

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