Common use of Subordinated Notes Clause in Contracts

Subordinated Notes. Each of the Subordinated Notes are owned directly by an Originator, free and clear of any Adverse Claim.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD)

Subordinated Notes. Each of the Subordinated Notes are Note is owned directly by an Originator, free and clear of any Adverse ClaimClaim (other than Permitted Adverse Claims).

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Oncor Electric Delivery Co LLC), Purchase and Sale Agreement (Oncor Electric Delivery Co LLC)

Subordinated Notes. Each of the Subordinated Notes are is owned directly by an the applicable Originator, free and clear of any Adverse Claim.

Appears in 1 contract

Sources: Receivables Purchase Agreement (StarTek, Inc.)