Subordinated Security Sample Clauses
A Subordinated Security clause establishes that certain security interests or claims are ranked below others in terms of repayment priority. In practice, this means that if the borrower defaults or the company is liquidated, holders of subordinated securities will only be paid after senior creditors have been fully satisfied. This clause is commonly used in financing arrangements to clarify the order in which creditors are repaid, thereby managing risk and making the capital structure transparent for all parties involved.
Subordinated Security. 8 Subsidiary...................................................... 8
Subordinated Security. Notwithstanding any other provision to the contrary, this Deed must be read and construed in all respects, and the exercise of any rights under this Deed and the enforcement of any rights under this Deed must be subject in each case to the terms of the:
(a) Senior Subordination Agreement; and
Subordinated Security. 12 Schedule Form of Notice............................................14 THIS DEED is made on the day of 1996 ----------- ------------------------- BETWEEN:
Subordinated Security. 11 Schedule 1 Charged Accounts.......................................13 Schedule 2 Form of Notice and Acknowledgement.....................14 Execution Block THIS DEED is made on the day of 1996 ------------- ------------------------- BETWEEN: