Common use of Continuing Subordination Clause in Contracts

Continuing Subordination. The subordination effected by this Agreement is a continuing subordination and may not be modified or terminated by any Subordinated Lender or any other holder of any Subordinated Debt until all of the Senior Debt shall have been Paid in Full. At any time and from time to time, without the consent of or notice to the Subordinated Lenders or any other holder of any Subordinated Debt, and without impairing or affecting the obligations of any of them hereunder:

Appears in 3 contracts

Samples: Subordination Agreement (Time America Inc), Subordination Agreement (Time America Inc), Subordination Agreement (Time America Inc)

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Continuing Subordination. The subordination effected by this Agreement these provisions is a continuing subordination and may not be modified or terminated by any Subordinated Lender or any other holder of any Subordinated Debt until Senior Lender has no further commitments to lend to Borrower and all of the Senior Debt shall have been Paid indefeasibly paid in Fullfull. At any time and from time to time, without the consent of or notice to the Subordinated Lenders Lender or any other holder of any Subordinated Debt, and without impairing or affecting the obligations of any of them hereunder:

Appears in 1 contract

Samples: Subordination Agreement (Quest Resource Corp)

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