Common use of Continuing Subordination Clause in Contracts

Continuing Subordination. This Agreement shall in all ------------------------ respects be a continuing agreement and shall remain in full force and effect, notwithstanding, without limitation, the dissolution or insolvency of the Borrower, any Debtor or any of the Subordinated Lenders. All of the agreements and obligations of each of the Subordinated Lenders under this Agreement shall remain in effect in full until all such Senior Claims (including without limitation any extensions, renewals or refinancings of any thereof and all interest and expenses relating to such Senior Claims) shall have been finally paid in cash in full and all of the Commitments shall have been terminated (subject to reinstatement if any such Senior Claims shall thereafter cease to have been paid in full in cash).

Appears in 2 contracts

Samples: Senior Revolving Loan Agreement (Consol Energy Inc), Subordination Agreement (Consol Energy Inc)

AutoNDA by SimpleDocs

Continuing Subordination. This Agreement shall in all ------------------------ ------------------------- respects be a continuing agreement and shall remain in full force and effect, notwithstanding, without limitation, the dissolution or insolvency of the Borrower, any Debtor or any of the Subordinated Lenders. All of the agreements and obligations of each of the Subordinated Lenders under this Agreement shall remain in effect in full until all such Senior Claims (including without limitation any extensions, renewals or refinancings of any thereof and all interest and expenses relating to such Senior Claims) shall have been finally paid in cash in full and all of the Commitments shall have been terminated (subject to reinstatement if any such Senior Claims shall thereafter cease to have been paid in full in cash).

Appears in 1 contract

Samples: Execution (Consol Energy Inc)

AutoNDA by SimpleDocs

Continuing Subordination. This Agreement shall in all ------------------------ ------------------------------------ respects be a continuing agreement and shall remain in full force and effect, notwithstanding, without limitation, the dissolution or insolvency of the Borrower, any Debtor or any of the Subordinated Lenders. All of the agreements and obligations of each of the Subordinated Lenders under this Agreement shall remain in effect in full until all such Senior Claims (including without limitation any extensions, renewals or refinancings of any thereof and all interest and expenses relating to such Senior Claims) shall have been finally paid in cash in full and all of the Commitments shall have been terminated (subject to reinstatement if any such Senior Claims shall thereafter cease to have been paid in full in cash).

Appears in 1 contract

Samples: Senior Revolving Loan Agreement (Consol Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.