Common use of Provide Bank with Clause in Contracts

Provide Bank with. a debt subordination agreement, in form and substance satisfactory to Bank, executed by Borrower and any Person who is an officer, director, shareholder, partner, member, owner or Affiliate of Borrower to whom Borrower is or hereafter becomes indebted, subordinating in right of payment and claim all of Debt owed by Borrower to any said Person and any future advances thereon to the full and final payment of the Obligations.

Appears in 2 contracts

Sources: Revolving Loan Agreement (European Micro Holdings Inc), Revolving Loan Agreement (European Micro Holdings Inc)