Subordination of Intercompany Loans. Each Loan Party covenants and agrees that any existing and future debt obligation of Holdco, EnergySolutions or any Subsidiary to any Non-U.S. Subsidiary shall be subordinated to the Loans.

Appears in 3 contracts

Samples: Second Lien Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.)

Subordination of Intercompany Loans. Each Loan Party covenants and agrees that any existing and future debt obligation of ~~Holdco,~~ EnergySolutions or any Subsidiary to any Non-U.S. Subsidiary shall be subordinated to the Loans.

Appears in 2 contracts

Samples: Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.)

Subordination of Intercompany Loans. Each Loan Party covenants and agrees that any existing and future debt obligation of ~~Holdco~~Parent, EnergySolutions or any Subsidiary to any Non-U.S. Subsidiary shall be subordinated to the Loans.

Appears in 2 contracts

Samples: Credit Agreement (EnergySolutions, Inc.), Credit Agreement (EnergySolutions, Inc.)

Common use of Subordination of Intercompany Loans Clause in Contracts