Common use of Subordination of Certain Indebtedness Clause in Contracts

Subordination of Certain Indebtedness. Cause any indebtedness of the Company, incurred after the date of this Agreement, to any shareholder, director or officer of the Company, or to any Affiliate of the Company or of any Subsidiary of the Company, or to any guarantor, which indebtedness has a term of more than one (1) year or is in excess of Twenty-Five Thousand Dollars ($25,000) to be subordinated to all Obligations by the execution of a Subordination of Debt Agreement in the form of Exhibit F hereto and deliver to the Lender an executed copy of said Agreement, certified by the corporate secretary of the Company to be true and complete and in full force and effect.

Subordination of Certain Indebtedness. Cause any indebtedness of the ------------------------------------- Company, incurred after the date of this Agreement, to any shareholder, director or officer of the Company, or to any Affiliate of the Company or of any Subsidiary of the Company, or to any guarantor, which indebtedness has a term of more than one (1) year or is in excess of Twenty-Five One Hundred Thousand Dollars ($25,000100,000) to be subordinated to all Obligations by the execution of a Subordination of Debt Agreement in the form of Exhibit F hereto and deliver to the Lender an executed --------- copy of said Agreement, certified by the corporate secretary of the Company to be true and complete and in full force and effect.

Subordination of Certain Indebtedness. Cause any indebtedness of the Company, incurred after the date of this Agreement, to any shareholder, director or officer of the Company, or to any Affiliate of the Company or of any Subsidiary of the Company, or to any guarantorGuarantor, which indebtedness has a term of more than one (1) year or is in excess of Twenty-Five Thousand Dollars ($25,000) 100,000 to be subordinated to all Obligations by the execution of a Subordination of Debt Agreement in the form of Exhibit EXHIBIT F hereto and deliver to the Lender an executed copy of said Agreement, certified by the corporate secretary of the Company to be true and complete and in full force and effect.

Subordination of Certain Indebtedness. Cause any indebtedness of the CompanyBorrowers, incurred after the date of this Agreement, to any shareholder, director or officer of the CompanyBorrowers, or to any Affiliate of the Company Borrowers or of any Subsidiary of the Company, or to any guarantorBorrowers, which indebtedness has a term of more than one (1) year or is in excess of Twenty-Five One Hundred Thousand Dollars ($25,000100,000) to be subordinated to all Obligations by the execution of a Subordination of Debt Agreement in the form of Exhibit F hereto and deliver to the Lender an executed copy of said Agreement, certified by the respective corporate secretary of the Company Borrowers to be true and complete and in full force and effect.

Subordination of Certain Indebtedness. Cause any indebtedness of the Companyeither Borrower, incurred after the date of this Agreement, to any shareholder, director or officer of the Companyeither Borrower, or to any Affiliate of the Company either Borrower or of any Subsidiary of the Company, or to any guarantoreither Borrower, which indebtedness has a term of more than one (1) year or is in excess of Twenty-Five Hundred Thousand Dollars ($25,000500,000) to be subordinated to all Obligations Obligations, by the execution of a Subordination of Debt Agreement in the form of Exhibit F hereto and deliver to the Lender an executed copy of said Agreement, certified by the corporate secretary of the Company applicable Borrower to be true and complete and in full force and effect.