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 Creditor Obligor against each Debtor Obligor, on the one hand, and of the Lender Group, and the Bank Product Providers against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay its 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member of the Lender Group or the Bank Product Providers) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 3 contracts

Samples: Intercompany Subordination Agreement (Nevada Gold & Casinos Inc), Intercompany Subordination Agreement (Nevada Gold & Casinos Inc), Intercompany Subordination Agreement (Nevada Gold & Casinos Inc)

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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 Creditor Obligor against each Debtor Obligor, on the one hand, and of Agent, the other members of the Lender Group, and the Bank Product Providers against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member Agent, the other members of the Lender Group Group, or the Bank Product Providers) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 2 contracts

Samples: Intercompany Subordination Agreement (Nuverra Environmental Solutions, Inc.), Intercompany Subordination Agreement (Erickson Air-Crane 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 Creditor Obligor against each Debtor Obligor, on the one hand, and of the Lender Group, Administrative Agent and the Bank Product Providers Lenders against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member of the Lender Group Administrative Agent or the Bank Product ProvidersLenders) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 1 contract

Samples: Pledge and Security Agreement (Acutus Medical, 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 Creditor Obligor against each Debtor Obligor, on the one hand, and of the Lender Group, Agent and the Bank Product Providers other members of the Noteholder Group against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member Agent or the other members of the Lender Group or the Bank Product ProvidersNoteholder Group) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Nuverra Environmental Solutions, 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 Creditor Obligor against each Debtor Obligor, on the one hand, and of Agent and the other members of the Lender Group, and the Bank Product Providers Group against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member Agent or the other members of the Lender Group or the Bank Product ProvidersGroup) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Nuverra Environmental Solutions, Inc.)

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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 Creditor Obligor against each Debtor Obligor, on the one hand, and of the Lender Group, Agents and the Bank Product Providers Secured Parties against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (ia) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member of the Lender Group Agents or the Bank Product ProvidersSecured Parties) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Unique Logistics International, 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 Creditor Obligor against each Debtor Obligor, on the one hand, and of Agents and the other members of the Lender Group, and the Bank Product Providers Groups against each Creditor Obligor, on the other hand. Nothing contained in this Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligor, the obligation of the Debtor Obligor to pay 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 any Creditor Obligor against any Debtor Obligor, on the one hand, and of the creditors (other than any member Agents or the other members of the Lender Group or the Bank Product ProvidersGroups) of the Debtor Obligors against the Debtor Obligors, on the other hand.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Nuverra Environmental Solutions, Inc.)

Obligations of the Obligors Not Affected. The provisions of this Second Amended and Restated Subordination Agreement are intended solely for the purpose of defining the relative rights of each Creditor Obligor against each Debtor Obligorthe other Obligors, on the one hand, and of the Lender Group, Agent and the Lenders and Bank Product Providers against each Creditor Obligorthe Obligors, on the other hand. Nothing contained in this Second Amended and Restated Subordination Agreement shall (i) impair, as between each Creditor Obligor and any Debtor Obligorthe other Obligors, the obligation of the Debtor Obligor other Obligors to pay its 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 any Creditor each Obligor against any Debtor Obligorthe other Obligors, on the one hand, and of the creditors (other than any member of Agent and the Lender Group or Lenders and the Bank Product Providers) of the Debtor other Obligors against the Debtor other Obligors, on the other hand.

Appears in 1 contract

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

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