Common use of No Debt Subordination Clause in Contracts

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. Nothing in this Agreement shall be deemed to subordinate the right of the Revolving Facility ABL Lenders or the Noteholders Term Loan Lenders 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).