Common use of Subordination of Interests Clause in Contracts

Subordination of Interests. Each Partner shall, from time to time, take all necessary actions, including execution of appropriate agreements, to pledge and subordinate its Participating Interest, any liens it may hold which are created under this agreement, other than those created pursuant to Section 6.5 hereof, and any other right or interest it holds with respect to the Assets (other than any statutory lien of the Managing Partner) to any secured borrowings for Operations.