Effectiveness in Insolvency or Liquidation Proceedings. The parties hereto expressly acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of the Bankruptcy Code.
Appears in 2 contracts
Sources: Intercreditor Agreement (Solutia Inc), Intercreditor Agreement (Solutia Inc)
Effectiveness in Insolvency or Liquidation Proceedings. The This Agreement, which the parties hereto expressly acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of the Bankruptcy Code., shall be effective before, during and after the commencement of an Insolvency or
Appears in 1 contract
Sources: Abl/Term Loan Intercreditor Agreement (CPG International Inc.)