Common use of Intercompany Subordination Clause in Contracts

Intercompany Subordination. In furtherance, and not in limitation, of -------------------------- Sections 6.1 and 11.4, each Borrower agrees, for itself and each future holder of the Subordinated Obligations (as defined below), that the Subordinated Obligations are expressly "subordinate and junior in right of payment" (as that phrase is defined below) to all Obligations.

Intercompany Subordination. In furtherance, and not in limitation, -------------------------- of -------------------------- Sections 6.1 and 11.4, each Borrower agrees, for itself and each future holder of the Subordinated Obligations (as defined below), that the Subordinated Obligations are expressly "subordinate and junior in right of payment" (as that phrase is defined below) to all Obligations.