Self-Operative. The subordination herein shall be self-operative, and no further instrument of subordination shall be required to effect the subordination and shall apply with respect to all advances, extensions, renewals, modifications, replacements, consolidations or substitutions of the Loan or the Loan Documents.
Appears in 10 contracts
Samples: Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC)