Examples of Subordination and Intercreditor Agreement in a sentence
Junior Creditor, Owner, Borrower and Lender have caused this Subordination and Intercreditor Agreement to be executed as of the date first above written.
This Agreement is subject to the Subordination and Intercreditor Agreement, under which the Obligations and the rights and remedies of the Subordinate Lender hereunder are subordinated in the manner and to the extent set forth therein to the prior payment of certain obligations to the holders of the GSSIF Subordination Agreement.
This Agreement is subject to the Subordination and Intercreditor Agreement, under which the Obligations and the rights and remedies of the Subordinate Lender hereunder are subordinated in the manner and to the extent set forth therein to the prior payment of certain obligations to the holders of the Senior Loan.
In order to secure the full payment and performance by Borrower of all of the Obligations, Borrower is (a) entering into this Agreement and (b) granting a lien and security interest in the Collateral with the priority set forth in the Subordination and Intercreditor Agreement, in each case for the benefit of Subordinate Lender.
In the event of any conflict, ambiguity or inconsistency between the terms and conditions of this Agreement and the terms and conditions of the Subordination and Intercreditor Agreement, the terms and conditions of the Subordination and Intercreditor Agreement shall control.