Common use of Obligations of the Obligors Not Affected Clause in Contracts

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product Provider) of the other Obligors against the other Obligors, on the other hand.

Appears in 4 contracts

Samples: Intercompany Subordination Agreement, Intercompany Subordination Agreement (Velocity Express Corp), Intercompany Subordination Agreement (Velocity Express Corp)

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Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of Agent and the Lender Group, the Bank Product Provider and Agent on behalf thereof Lenders against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than Agent or the Lender Group and the Bank Product ProviderLenders) of the other Obligors against the other Obligors, on the other hand.

Appears in 3 contracts

Samples: Intercompany Subordination Agreement (Jack Cooper Logistics, LLC), Intercompany Subordination Agreement (Oasis Interval Ownership, LLC), Intercompany Subordination Agreement (155 East Tropicana, LLC)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof Group against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderGroup) of the other Obligors against the other Obligors, on the other hand.

Appears in 3 contracts

Samples: Intercompany Subordination Agreement (GNLV Corp), Intercompany Subordination Agreement (Elgar Holdings Inc), Financing Agreement (Dice Holdings, Inc.)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, Agents and the Bank Product Provider and Agent on behalf thereof Lenders against the other Obligors, on the other hand. Nothing contained in this Agreement shall (ia) impair, as between each Obligor and the other Obligors, the obligation of the each other Obligors Obligor to pay their its respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (iib) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group Agents and the Bank Product ProviderLenders) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Financing Agreement (Global Geophysical Services Inc)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, Agent and the Bank Product Provider and Agent on behalf thereof Lenders against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the each other Obligors Obligor to pay their its respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group Agent and the Bank Product ProviderLenders) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Composite Technology Corp)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof Trustee against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderTrustee) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (SMART Modular Technologies (DE), Inc.)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof Secured Parties against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the each other Obligors Obligor to pay their its respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderSecured Parties) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Financing Agreement (GP Investments Acquisition Corp.)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof Secured Parties against the other Obligors, on the other hand. Nothing contained in this Agreement shall (ia) impair, as between each Obligor and the other Obligors, the obligation of the each other Obligors Obligor to pay their its respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (iib) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderSecured Parties) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Credit Agreement (Pope & Talbot Inc /De/)

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Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of Agent and the Lender Group, the Lenders and Bank Product Provider and Agent on behalf thereof Providers against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than Agent and the Lender Group Lenders and the Bank Product ProviderProviders) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (SMART Modular Technologies (DE), Inc.)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of Agent and the Lender Group, the Bank Product Provider and Agent on behalf thereof Lenders against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group Agent and the Bank Product ProviderLenders) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (New York & Company, Inc.)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider Group and Agent on behalf thereof against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderGroup) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Iron Age Holdings Corp)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider Group and Agent on behalf thereof against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderGroup) of the other Obligors Obligosr against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Star Telecommunications Inc)

Obligations of the Obligors Not Affected. The provisions of this Agreement are intended solely for the purpose of defining the relative rights of each Obligor against the other Obligors, on the one hand, and of the Lender Group, the Bank Product Provider and Agent on behalf thereof against the other Obligors, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Obligor and the other Obligors, the obligation of the other Obligors to pay their respective obligations with respect to the Subordinated Debt as and when the same shall become due and payable, or (ii) otherwise affect the relative rights of each Obligor against the other Obligors, on the one hand, and of the creditors (other than the Lender Group and the Bank Product ProviderLender) of the other Obligors against the other Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Mortons Restaurant Group Inc)

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