Common use of Subordination of Inside Debt Clause in Contracts

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("“Inside Debt"”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ____________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders for borrowed money ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. [Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________]. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________None. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors directors, shareholders, and shareholders subsidiaries ("“Inside Debt"”) shall, at all times, be subordinated to the Obligations pursuant to a one or more subordination agreement on Silicon's standard formagreements in form and substance satisfactory to Silicon (individually and collectively, the “Insider Subordination Agreement”). Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard forman Insider Subordination Agreement.