Common use of Subordinations Clause in Contracts

Subordinations. Provide Agent with a debt subordination agreement, in form and substance satisfactory to Agent, executed by such Borrower and any Person who is an officer, director or Affiliate of such Borrower to whom such 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 full and final payment and performance of the Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (D & K Healthcare Resources Inc)

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Subordinations. Provide Except for Permitted Purchase Money Indebtedness, provide Agent with a debt subordination agreement, in form and substance satisfactory to Agent, executed by such Borrower and any Person who is an officer, director or Affiliate of such Borrower to whom such 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 full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

Subordinations. Provide Agent with a debt subordination agreementagreements, in form and substance satisfactory to Agent, executed by such Borrower and any Person who is an officer, director or Affiliate of such Borrower to whom such 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 full and final payment and performance of the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Microwave Power Devices Inc)

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Subordinations. Provide Agent with a debt subordination agreementagreement or other instrument, in form and substance satisfactory to Agent, executed by Borrowers, or any of them, and in the case of such Borrower and agreement executed by any Person who is an officer, director or Affiliate of such Borrower the Person to whom such Borrower is Borrowers, or any of them, are or hereafter becomes become indebted for Money BorrowedSubordinated Debt, subordinating in right of payment and claim all of such Indebtedness Subordinated Debt, and any future advances thereon to the full and final payment and performance of the ObligationsObligations (unless otherwise provided in such agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

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