Common use of Acknowledgement of Subordination Clause in Contracts

Acknowledgement of Subordination. Notwithstanding anything contained herein, this Lease is subject and subordinate in all respects to any Superior Security Document, to all other liens granted by the Company to the holder of such Superior Security Document with respect to or in connection with the indebtedness secured by such Superior Security Document, and to all modifications, extensions, refinancings (where such liens continue), or renewals of such lien.

Appears in 5 contracts

Sources: Lease Agreement (Legacy Housing, LTD.), Lease Agreement (Legacy Housing, LTD.), Lease Agreement

Acknowledgement of Subordination. Notwithstanding anything contained herein, and except as may be expressly set forth in a separate agreement among the Issuer, the Company and the Lender secured by such Superior Security Document, this Lease is subject and subordinate in all respects to any Superior Security Document, to all other liens granted by the Company to the holder of any such Superior Security Document with respect to or in connection with the indebtedness secured by such Superior Security Document, and to all modifications, extensions, refinancings (where such liens continue), or renewals of such lien.

Appears in 1 contract

Sources: Lease Agreement (Carbo Ceramics Inc)

Acknowledgement of Subordination. Notwithstanding anything contained herein, this 2008 Lease is subject and subordinate in all respects to any Superior Security Document, to all other liens granted by the Company to the holder of such the Superior Security Document with respect to or in connection with the indebtedness secured by such the Superior Security Document, and to all modifications, extensions, refinancings (where such liens continue), or renewals of such lien.

Appears in 1 contract

Sources: Lease Agreement (Carbo Ceramics Inc)