No Debt Subordination Clause Samples
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No Debt Subordination. Nothing in this Agreement shall be construed to be or operate as a subordination of any of the Noteholder Debt to any of the Revolver Lender Debt, or vice versa.
No Debt Subordination. Nothing contained in this Agreement shall constitute a subordination of the Subordinated Lienholder Obligations to the prior payment in full of the Senior Lienholders Obligations. Notwithstanding the existence of a Remedies Block, unless an Enforcement Action is pending, this Agreement shall not prohibit a Credit Party from making any regularly scheduled or other ordinary course voluntary payments on the Subordinated Lienholder Obligations in accordance with the Subordinated Lienholder Documents, other than from the proceeds of Collateral, as permitted by Section 8.3 hereof.
No Debt Subordination. Nothing contained in this Agreement is intended to subordinate any debt claim by a Second Lien Secured Party to a debt claim by a First Lien Secured Party. All debt claims of the First Lien Secured Parties and the Second Lien Secured Parties are intended to be pari passu.
No Debt Subordination. Nothing in this Agreement shall be construed to be or operate as a subordination of any of the Senior Obligations to the Trade Obligations, or vice versa.
No Debt Subordination. Nothing in this Agreement shall be construed to be or operate as a subordination of any of the Obligations owed to a Secured Creditor in right of payment to the Obligations owed to any other Secured Creditor.
No Debt Subordination. Nothing in this Agreement shall be deemed to subordinate the right of the Revolving Facility Lenders or the Noteholders to receive payment, whether before or after the occurrence of any default, event of default or insolvency proceeding (other than payments from Collateral, to the extent contrary to the provisions of this Agreement).
No Debt Subordination. This agreement is to order the priority of security interests and does not constitute a subordination of debt. Except for application of the proceeds of the disposition of Collateral after a Lender has given written notice to the other Lender and the Borrower that an Event of Default (as defined in the Loan Documents) has occurred and is continuing under any of the Loan Documents to the extent that such proceeds are required to be shared hereunder, any Lender may accept and retain payments made by the Borrower in accordance with the terms of the Loan Documents.
No Debt Subordination. Subject to the provisions of Section 4.1, nothing contained in this Agreement is intended to subordinate any claim for payment by a holder of either the Post Road Claim or the Thermo Claim, so long as such receipt is not the direct or indirect result of the exercise of rights or remedies as a secured creditor or enforcement of any Lien in contravention of this Agreement.
No Debt Subordination. 6 Section 2.3. Restrictions on Enforcement Action .................................................... 6 Section 2.4. No Restriction on Terms of Power Purchase Agreements................... 6
No Debt Subordination. Subject to the provisions of Section 4.2, nothing contained in this Agreement is intended to subordinate any claim for payment by a holder of Junior Claims to a claim for payment by a holder of Senior Claims so long as such receipt is not the direct or indirect result of the exercise by the Applicable Secured Party of rights or remedies as a secured creditor or enforcement of any Lien held by such Secured Party in contravention of this Agreement .