Common Contracts

2 similar Intercreditor and Subordination Agreement contracts by Industrial Services of America Inc

INTERCREDITOR AND SUBORDINATION AGREEMENT
Intercreditor and Subordination Agreement • March 25th, 2016 • Industrial Services of America Inc • Sanitary services • Connecticut

THIS INTERCREDITOR AND SUBORDINATION AGREEMENT (this “Agreement” as further defined below) is entered into as of this 29th day of February, 2016 by K&R, LLC, a Kentucky limited liability company (“Subordinated Lender” as further defined below), INDUSTRIAL SERVICES OF AMERICA, INC., a Florida corporation (“Company”) and the other “Debtors” signatory hereto, for the benefit of MIDCAP BUSINESS CREDIT LLC, a Texas limited liability company (“Senior Lender” as further defined below).

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INTERCREDITOR AND SUBORDINATION AGREEMENT
Intercreditor and Subordination Agreement • March 25th, 2016 • Industrial Services of America Inc • Sanitary services • Connecticut

THIS INTERCREDITOR AND SUBORDINATION AGREEMENT (this “Agreement” as further defined below) is entered into as of this 29th day of February, 2016 by 7100 GRADE LANE LLC, a Kentucky limited liability company (“Subordinated Lender” as further defined below), INDUSTRIAL SERVICES OF AMERICA, INC., a Florida corporation (“Company”) and the other “Debtors” signatory hereto, for the benefit of MIDCAP BUSINESS CREDIT LLC, a Texas limited liability company (“Senior Lender” as further defined below).

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