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Common use of No Debt Subordination Clause in Contracts

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.

Appears in 5 contracts

Sources: Credit Agreement (ATD Corp), Credit Agreement (American Tire Distributors Holdings, Inc.), Loan and Security Agreement (Texas Market Tire, Inc.)

Related Clauses

  • Lien Subordination
  • Payment Subordination
  • NO SUBORDINATION
  • SUBORDINATION OF NOTES
  • Agreement of Subordination

Parent Clauses

  • Lien Priorities
  • MISCELLANEOUS
  • Relationships Among Secured Creditors
  • Subordination of Junior Liens Certain Agreements
  • Termination; Release of Guarantors and Borrowers

Sub-Clauses

  • Rights as Unsecured Creditors
  • Notice of Exercise of Second Liens
  • Automatic Release of Second Priority Liens
  • Exercise of Rights and Remedies
  • No Interference
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