Subordination on Insolvency. If any of the events set out in Clauses 20.6 (Insolvency) to 20.10 (Analogous proceedings) (inclusive) of the Credit Agreement occurs THEN
Subordination on Insolvency. If there occurs any payment, distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of any kind or character of the Company or the proceeds thereof, to creditors of the Company, by reason of the liquidation, dissolution or other winding-up of the Company or its businesses or any bankruptcy, reorganisation, receivership or insolvency or similar proceeding or any assignment for the benefit of creditors or there is a marshalling of the assets and liabilities of the Company, or the Company becomes subject to any event mentioned in clause 22.6 (Insolvency proceedings) of the Agreement or a voluntary arrangement, then and in any such event:
Subordination on Insolvency. If an Event of Default occurs and is continuing, then:
Subordination on Insolvency. 6.1 Upon the occurrence of an Insolvency Event in relation to the Company, the Intercompany Debts will fully and unconditionally be subordinate in right of payment to any and all claims of the Collateral Agent.
Subordination on Insolvency. (a) Upon any payment or distribution of the assets of the Issuer to creditors upon a total or partial liquidation or a total or partial dissolution of the Issuer or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Issuer or its property:
Subordination on Insolvency. 7.1 If:-
Subordination on Insolvency. 6.1 If while any of LND Liabilities are or may be outstanding:
Subordination on Insolvency. If a Default is outstanding THEN
Subordination on Insolvency. 4.1 Upon the occurrence of an Insolvency Event, the Subordinated Debt, the Subordinated Creditor and the Subordinated Intra-Group Lenders will be subordinated in right of payment to the Senior Debt.
Subordination on Insolvency. Until the Senior Discharge Date, if the Borrower and/or a Guarantor becomes Insolvent, the following provisions shall apply:
