Common use of Subordination Default Clause in Contracts

Subordination Default. Any breach or other violation by any holder of the Revolving Subordinated Note of the subordination or enforcement restrictions shall occur.

Appears in 3 contracts

Sources: Incremental Facility Agreement (Anixter International Inc), Five Year Revolving Credit Agreement (Anixter International Inc), Revolving Credit Agreement (Anixter International Inc)

Subordination Default. Any breach or other violation by any holder of the Subordinated ▇▇▇▇▇ Note or Revolving Subordinated Note of the subordination or enforcement restrictions shall occur.

Appears in 1 contract

Sources: Revolving Credit Agreement (Anixter International Inc)

Subordination Default. Any breach or other violation by any holder of the Revolving Subordinated Note Notes of the subordination or enforcement restrictions restrictions, including, without limitation, those in the Subordination Agreement, shall occur.

Appears in 1 contract

Sources: Credit Agreement (Anixter International Inc)