No Alteration of Priority. The lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness or the Subordinated Indebtedness, nor by any action or inaction which Creditor may take or fail to take in respect of the Collateral.
Appears in 3 contracts
Samples: Subordination and Intercreditor Agreement (Environmental Tectonics Corp), Subordination and Intercreditor Agreement (Environmental Tectonics Corp), Subordination and Intercreditor Agreement (Environmental Tectonics Corp)
No Alteration of Priority. The lien Lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness or the Subordinated Indebtedness, nor by any action or inaction which Creditor may take or fail to take in respect of the Collateral.
Appears in 2 contracts
Samples: Subordination and Intercreditor Agreement, Subordination and Intercreditor Agreement (Stream Global Services, Inc.)
No Alteration of Priority. The lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness or the Subordinated Indebtedness, nor by any action or inaction which a Creditor may take or fail to take in respect of the Collateral.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Environmental Tectonics Corp)
No Alteration of Priority. The lien Lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness Indebtedness, or any indebtedness payable under the Subordinated IndebtednessNotes, nor by any action or inaction which Creditor any Holder of Senior Indebtedness or Holder of Subordinated Indebtedness may take or fail to take in respect of the Collateral.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Intelefilm Corp)
No Alteration of Priority. The lien Lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Laurus Indebtedness or the Subordinated Roynat Indebtedness, nor by any action or inaction which either Creditor may take or fail to take in respect of the Collateral.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Thomas Equipment, Inc.)
No Alteration of Priority. The lien Lien priorities provided in Section 3.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness or the Subordinated Indebtedness, nor by any action or inaction which either Creditor may take or fail to take in respect of the Collateral.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Chromocell Therapeutics Corp)
No Alteration of Priority. The lien Lien priorities provided in Section 3.2 3(b) hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness or the Subordinated Indebtedness, nor by any action or inaction which either Creditor may take or fail to take in respect of the Collateral.
Appears in 1 contract
Samples: Subordination and Intercreditor Agreement (Frontline Communications Corp)
No Alteration of Priority. The lien priorities provided in Section 3.2 Sections 1.1 and 1.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of any Senior Indebtedness of the Credit Agreement or the Subordinated IndebtednessFirst Collateral Documents or the Second Loan Agreement or the Second Collateral Documents, nor by any action or inaction which Creditor either First Lender or Junior Lender or Borrower may take or fail to take in respect of the Collateral.
Appears in 1 contract
