Other Creditors. Nothing contained in this Agreement is intended to or shall impair, as between and among the Loan Parties, their creditors (other than their Senior Creditors) and the Subordinated Creditors, the obligations of each Loan Party to pay to the applicable Subordinated Creditors of such Borrower Company the Subor dinated Obligations of such Loan Party as and when the same shall become due and payable in accordance with the terms thereof, or affect the relative rights of the Subordinated Creditors and the other creditors of such Loan Party (other than their Senior Creditors).
Appears in 3 contracts
Samples: Guarantee and Subordination Agreement (Winstar Communications Inc), Guarantee and Subordination Agreement (Winstar Communications Inc), Credit Agreement (Winstar Communications Inc)
Other Creditors. Nothing contained in this Agreement is intended to or shall impair, as between and among the Loan PartiesBorrower Companies, their creditors (other than their Senior Creditors) and the Subordinated Creditors, the obligations of each Loan Party Borrower Company to pay to the applicable Subordinated Creditors of such Borrower Company the Subor dinated Subordinated Obligations of such Loan Party Borrower Company as and when the same shall become due and payable in accordance with the terms thereof, or affect the relative rights of the Subordinated Creditors and the other creditors of such Loan Party the Borrower Company (other than their Senior Creditors).
Appears in 3 contracts
Samples: Common Agreement (Velocom Inc), Security Agreement (Leap Wireless International Inc), Subordination Agreement (Leap Wireless International Inc)
