Common use of Specified Subordination Agreement Clause in Contracts

Specified Subordination Agreement. Notwithstanding anything herein to the contrary, the Indebtedness evidenced by this Agreement and the other Loan Documents and the exercise of any right or remedy by the Agent or the Lenders hereunder or thereunder are subject to the provisions of the Specified Subordination Agreement (to the extent such Specified Subordination Agreement is then in effect). In the event of any direct conflict between the terms of the Specified Subordination Agreement and any other Loan Document, the terms of the Specified Subordination Agreement (to the extent such Specified Subordination Agreement is then in effect) shall govern. Notwithstanding anything that may be contained herein to the contrary, all of the provisions of this Agreement and the other Loan Documents, including without limitation, the covenants of the Credit Parties contained herein and therein and all of the rights, remedies and powers provided for herein and therein, are subject to the provisions of the Specified Subordination Agreement to the extent such Specified Subordination Agreement is then in effect (it being understood that any breach by any Credit Party of its obligations hereunder or thereunder shall nonetheless constitute a default (and to the extent provided herein or therein, an Event of Default) hereunder or thereunder, as applicable, notwithstanding the foregoing). 12.26

Appears in 4 contracts

Samples: Security Agreement (Rent the Runway, Inc.), Security Agreement (Rent the Runway, Inc.), Security Agreement (Rent the Runway, Inc.)

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Specified Subordination Agreement. Notwithstanding anything herein to the contrary, the Indebtedness evidenced by this Agreement and the other Loan Documents and the exercise of any right or remedy by the Agent or the Lenders hereunder or thereunder are subject to the provisions of the Specified Subordination Agreement (to the extent such Specified Subordination Agreement is then in effect). In the event of any direct conflict between the terms of the Specified Subordination Agreement and any other Loan Document, the terms of the Specified Subordination Agreement (to the extent such Specified Subordination Agreement is then in effect) shall govern. Notwithstanding anything that may be contained herein to the contrary, all of the provisions of this Agreement and the other Loan Documents, including without limitation, the covenants of the Credit Parties contained herein and therein and all of the rights, remedies and powers provided for herein and therein, are subject to the provisions of the Specified Subordination Agreement to the extent such Specified Subordination Agreement is then in effect (it being understood that any breach by any Credit Party of its obligations hereunder or thereunder shall nonetheless constitute a default (and to the extent provided herein or therein, an Event of Default) hereunder or thereunder, as applicable, notwithstanding the foregoing). 12.26.

Appears in 1 contract

Samples: Security Agreement (Rent the Runway, Inc.)

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Specified Subordination Agreement. Notwithstanding anything herein to the contrary, the Indebtedness evidenced secured by this Agreement and the other Loan Documents and the exercise of any right or remedy by the Agent or the Lenders hereunder or thereunder are subject to the provisions of the Specified Subordination Agreement (to the extent such Specified Subordination Agreement is then in effect). In the event of any direct conflict between the terms of the Specified Subordination Agreement and any other Loan Documentthis Agreement, the terms of the Specified Subordination Agreement shall govern (to the extent such Specified Subordination Agreement is then in effect) shall govern). Notwithstanding anything that may be contained herein to the contrary, all of the provisions of this Agreement and the other Loan DocumentsAgreement, including without limitation, the covenants of the Credit Parties Debtors contained herein and therein and all of the rights, remedies and powers provided for herein and thereinherein, are subject to the provisions of the Specified Subordination Agreement to the extent such Specified Subordination Agreement is then in effect (it being understood that any breach by any Credit Party Debtor of its obligations hereunder or thereunder shall nonetheless constitute a default (and Default or an Event of Default to the extent provided herein or therein, an Event of Default) hereunder or thereunder, as applicablein the Credit Agreement, notwithstanding the foregoing). 12.26.

Appears in 1 contract

Samples: Security Agreement (Rent the Runway, Inc.)

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