Common use of Subordinated Liabilities Clause in Contracts

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured Liabilities. (b) This Agreement does not purport to rank any of the Subordinated Liabilities as between themselves.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Liabilities owed by the Debtors and the Third Party Security Providers to the Secured LiabilitiesParties and the Subordinated Liabilities are postponed and subordinated to the Liabilities owed by the Debtors and the Third Party Security Providers to the Unsecured Creditors and the Intra-Group Lenders. (b) This Agreement does not purport to rank any of the Subordinated Liabilities as between themselves.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured LiabilitiesLiabilities owed by the Debtors to the Primary Creditors. (b) This Agreement does not purport to rank any of the Subordinated Liabilities as between themselves.

Subordinated Liabilities. (a) Each of the Parties agrees that the Subordinated Liabilities are postponed and subordinated to the Secured Senior Liabilities. (b) This Agreement does not purport to rank any of the Subordinated Liabilities Liabilities, as between themselves.