Common use of Subordinations Clause in Contracts

Subordinations. Borrower shall provide Lender with a subordination agreement, in form satisfactory to Lender, executed by any Person who is an owner or agent of Borrower to whom Borrower is or hereafter becomes indebted for money borrowed, subordinating in right of payment and claim all of such indebtedness and any future advances thereon to the claims of Lender on the Revolving Note and the other Obligations so long as any amount remains unpaid on the Revolving Note or any of the Obligations. Such subordination agreement shall provide, among other things, that no principal or interest on any such indebtedness shall be repaid unless and until there is no outstanding balance due and payable on the Revolving Note or on any other Obligations of Borrower to Lender.

Subordinations. Borrower shall provide Lender with a --------------- subordination agreement, in form satisfactory to Lender, executed by any Person person who is an owner officer or agent director of Borrower to whom Borrower is or hereafter becomes indebted for money borrowed, subordinating in right of payment and claim all of such indebtedness and any future advances thereon to the claims of Lender on the Revolving Note Notes and the other Obligations so long as any amount remains unpaid on the Revolving Note Notes or any of the Obligations. Such subordination agreement shall provide, among other things, that no principal or interest on any such indebtedness shall be repaid unless and until there is no outstanding balance due and payable on the Revolving Note Notes or on any other Obligations of Borrower to Lender.

Subordinations. Borrower shall provide Lender with a -------------- subordination agreement, in form satisfactory to Lender, executed by any Person who is an owner officer or agent director of Borrower to whom Borrower is or hereafter becomes indebted for money borrowedborrowed in excess of $100,000, subordinating in right of payment and claim all of such indebtedness and any future advances thereon to the claims of Lender on the Revolving Note and the other Obligations so long as any amount remains unpaid on the Revolving Note or any of the Obligations. Such subordination agreement shall provide, among other things, that no principal or interest on any such indebtedness shall be repaid unless and until there is no outstanding balance due and payable on the Revolving Note or on any other Obligations of Borrower to Lender.