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Common use of Payment Subordination Clause in Contracts

Payment Subordination. Without limiting the foregoing provisions of this Section 2, and notwithstanding any other provision of this Agreement, the parties hereto agree as follows:

Appears in 4 contracts

Sources: Senior Secured Convertible Promissory Note Purchase Agreement (Kior Inc), Subordination Agreement (Kior Inc), Senior Secured Promissory Note and Warrant Purchase Agreement (Kior Inc)

Related Clauses

  • Lien Subordination
  • Agreement to Pay; Subordination
  • Agreement of Subordination
  • Subrogation; Subordination
  • After Subordination Period

Parent Clauses

  • Subordination
  • Guarantee
  • General Limitation on Guarantee Obligations
  • Collateral and Guaranty Matters
  • Compensation

Sub-Clauses

  • Subordination
  • Permitted Payments
  • Blockage Period
  • Restriction on Action by Second-Lien Claimholders
  • Restriction on Payments
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