Common use of Subordination Absolute Clause in Contracts

Subordination Absolute. Neither the subordination provided for herein nor the rights of Bank hereunder shall be affected, modified or impaired by (a) any extension, renewal, modification, restatement, forbearance or waiver of any terms of any Bank Security Documents or any other instrument or document executed in connection herewith nor (b) any release, modification or substitution of any collateral therefor.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Universal Power Group Inc.)

Subordination Absolute. Neither the subordination provided for ----------------------- herein nor the rights of Bank hereunder shall be affected, modified or impaired by (a) any extension, renewal, modification, restatement, forbearance or waiver of any terms of any Bank Security Documents or any other instrument or document executed in connection herewith nor (b) any release, modification or substitution of any collateral therefortherefore.

Appears in 1 contract

Sources: Creditors' Subordination Agreement (Zunicom Inc)