Subordination of Intercompany Loans. All loans or fees owed to any Guarantor or any other Consolidated Company, or any Affiliate of any thereof, shall, at all times, be subordinate to the Loans and the Borrower shall cause its Subsidiaries and/or Affiliates from time to time to execute and deliver to the Administrative Agent and the Required Lenders subordination agreements in form and content satisfactory to the Administrative Agent and the Required Lenders.
Appears in 2 contracts
Samples: Contribution Agreement (Planet Hollywood International Inc), Security Agreement (Able Telcom Holding Corp)
Subordination of Intercompany Loans. All loans or fees owed to any Guarantor or any other Consolidated Company, or any Affiliate of any thereof, shall, at all times, be subordinate to the Loans and the Borrower shall cause its Subsidiaries and/or Affiliates from time to time to execute and deliver to the Administrative Agent and the Required Lenders subordination agreements in form and content satisfactory to the Administrative Agent and the Required Lenders.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Planet Hollywood International Inc)
Subordination of Intercompany Loans. All loans or fees owed to any Guarantor or any other Consolidated Company, or any Affiliate of any thereof, shall, at all times, be subordinate to the Loans Notes and the Borrower Company shall cause its Subsidiaries and/or Affiliates from time to time to execute and deliver to the Administrative Agent Purchaser and the Required Lenders Requisite Purchasers subordination agreements in form and content satisfactory to the Administrative Agent and the Required LendersRequisite Purchasers.
Appears in 1 contract
Samples: Note Purchase Agreement (Consolidated Stainless Inc)
