Common use of Subordination Provisions Clause in Contracts

Subordination Provisions. The Purchaser covenants and agrees, and the Seller, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7:

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerHolder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7paragraph:

Subordination Provisions. The Initial Purchaser covenants and agrees, and the SellerOriginator, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests, and any payment hereunder is pari passu in right of payment and performance to all other Junior Liabilities, to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):

Subordination Provisions. The Purchaser covenants and agrees, and the ------------------------ Seller, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7:

Subordination Provisions. The Purchaser [NAME OF PURCHASER] covenants and agrees, and the Sellereach Holder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph 7:

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerMaster Servicer, as agent for various Sellers hereafter added to the Receivables Sale Agreement, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:

Subordination Provisions. The Purchaser covenants and ------------------------ agrees, and the SellerOriginator, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests to the extent and in the manner set forth in the following clauses of this paragraph Section 7:: ---------

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerHolder, by its acceptance of this Note, likewise covenants and agrees, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities to the extent and in the manner set forth in the following clauses of this paragraph 7paragraph:

Subordination Provisions. The Purchaser Buyer covenants and agrees, and the SellerCompany, by its acceptance of this Note, likewise covenants and agrees, in each case, for the benefit of the other and for the benefit of the Senior Interest Holders, that the payment of all Junior Liabilities is hereby expressly subordinated in right of payment to the payment and performance of the Senior Liabilities Interests, to the extent and in the manner set forth in the following clauses of this paragraph 7:Section 7 (the “Subordination Provisions”):