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 Lenders on the one hand and the Subordinated 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 Lenders and any Credit Party and the Subordinated Noteholders, 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, and the Subordinated Obligations, respectively, and all other obligations of such Credit Party, to any Senior Lender or the Subordinated Noteholders, under the Finance Documents or the Subordinated Transaction Documents, as the case may be, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lenders or the Subordinated Noteholders 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 Collateral Agent (on behalf of the Senior Lenders) and the Senior Lenders on the one hand and the Subordinated Noteholders Noteholder 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 Lenders and any Credit Party and the Subordinated NoteholdersNoteholder, 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, and the Subordinated Obligations, respectively, and all other obligations of such Credit Party, to any Senior Lender or the Subordinated NoteholdersNoteholder, under the Finance Documents or the Subordinated Transaction Documents, as the case may be, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lenders or the Subordinated Noteholders Noteholder 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 Collateral Agent (on behalf of the Senior Lenders) and the Senior Lenders on the one hand and the Subordinated 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 Lenders and any Credit Party and the any Subordinated Noteholders, 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, and the Subordinated Obligations, respectively, and all other obligations of such Credit Party, to any Senior Lender or the any Subordinated NoteholdersNoteholder, under the Finance Documents or the Subordinated Transaction Documents, as the case may be, in each case in accordance with their respective terms; or (b) affect the relative rights of the Senior Lenders or the Subordinated Noteholders with respect to any other creditors of any Credit Party.