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 Lender on the one hand and the Subordinated Lenders on the other, and no other Person shall have any right, benefit or other interest under this Agreement. Except as expressly set forth in this Agreement, nothing herein shall: (a) impair, as between any Credit Party and the Senior Lender and any Credit Party and any Subordinated Lender, the obligation of such Credit Party, which is absolute and unconditional, to pay principal of, interest on and all other portions of the Senior Obligations, on the one hand, and the Subordinated Obligations and all other obligations of such Credit Party, if any, to any Subordinated Lender, on the other hand, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lender or Subordinated Lenders with respect to any other creditors of any Credit Party.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior Lender Agent on the one hand and the Subordinated Lenders on the other, and no other Person shall have any right, benefit or other interest under this Agreement. Except as expressly set forth in this Agreement, nothing herein shall: (a) impair, as between any Credit Party and the Senior Lender Lenders and any Credit Party and any Subordinated Lender, the obligation of such Credit Party, which is absolute and unconditional, to pay principal of, interest on and all other portions of the Senior Obligations, on the one hand, and the Subordinated Obligations and all other obligations of such Credit Party, if any, to any Subordinated Lender, on the other hand, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lender Lenders or Subordinated Lenders with respect to any other creditors of any Credit Party.

Provisions Define Relative Rights. This Agreement is intended solely for the purpose of defining the relative rights of the Senior Lender Collateral Agent on the one hand and the Subordinated Lenders Noteholders on the other, and no other Person shall have any right, benefit or other interest under this Agreement. Except as expressly set forth in this Agreement, nothing herein shall: (a) impair, as between any Credit Party and the Senior Lender Noteholders and any Credit Party and any Subordinated LenderNoteholder, the obligation of such Credit Party, which is absolute and unconditional, to pay principal of, interest on and all other portions of the Senior Obligations, on the one hand, and the Subordinated Obligations and all other obligations of such Credit Party, if any, to any Subordinated LenderNoteholder, on the other hand, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lender Noteholders or Subordinated Lenders Noteholders with respect to any other creditors of any Credit Party.