Common use of Provisions Define Relative Rights Clause in Contracts

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior Creditors, on the one hand, and the Junior Creditors, on the other hand, in respect of the Collateral and no other person or entity shall have any right, benefit or other interest under this Agreement. Nothing contained in this Agreement is intended to affect or limit, in any way whatsoever, the security interests, liens and other rights that the Senior Creditors and the Junior Creditors have under the Senior Loan Documents and the Junior Documents, as the case may be, insofar as the rights of the Company or any other person or entity are involved.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior CreditorsLenders, on the one hand, and the Junior CreditorsLenders, on the other hand, in respect of the Collateral and no other person or entity shall have any right, benefit or other interest under this Agreement. Nothing contained in this Agreement is intended to affect or limit, in any way whatsoever, the security interests, liens Liens and other rights that the Senior Creditors Lenders and the Junior Creditors Lenders have under the Senior Loan Documents and the Junior Documents, as the case may be, insofar as the rights of the Company, any Subsidiaries of the Company or any other person or entity are involved.