Termination of Subordination. This Agreement shall continue in full force and effect, and the obligations and agreements of the Subordinating Creditor and the Borrower hereunder shall continue to be fully operative, until all of the Senior Debt shall have been indefeasibly paid in full in cash, all Letters of Credit shall have been terminated or shall have expired (or shall have been cash collateralized in accordance with Section 10.3(e) of the Credit Agreement), and all Revolving Credit Commitments shall have been terminated. To the extent that the Borrower or any other borrower or guarantor of, or provider of collateral for, the Senior Debt makes any payment on the Senior Debt that is subsequently invalidated, declared to be fraudulent or preferential or set aside or is required to be repaid to a trustee, receiver or any other party under the Bankruptcy Code or any other bankruptcy, insolvency or reorganization act, state or federal law, common law or equitable cause (such payment being hereafter referred to as a “Voided Payment”), then to the extent of such Voided Payment, that portion of the Senior Debt that had been previously satisfied by such Voided Payment shall be reinstated and continue in full force and effect as if such Voided Payment had never been made. To the extent that the Subordinating Creditor has received any payments with respect to the Subordinated Debt subsequent to the date of Agent’s or any Lender’s initial receipt of such Voided Payment and such payments received by the Subordinating Creditor have not been invalidated, declared to be fraudulent or preferential or set aside or required to be repaid to a trustee, receiver or any other party under the Bankruptcy Act or any other bankruptcy act, state or federal law, common law or equitable cause, the Subordinating Creditor shall be obligated and hereby agrees that any such payment so made or received shall be deemed to have been received in trust for the benefit of the Agent, and the Subordinating Creditor hereby agrees to pay to the Agent, upon demand, the full amount so received by the Subordinating Creditor during such period of time to the extent necessary fully to restore to the Agent the amount of such Voided Payment. This Agreement will automatically terminate upon the indefeasible payment in full in cash of the Senior Debt, the expiration or termination of all Letters of Credit (or the cash collateralization thereof in accordance with Section 10.3(e) of the Credit Agreement), and the termination of all Re...
Termination of Subordination. This Agreement and the subordination granted herein shall terminate when Bank Debt is finally and unavoidably paid. Bank Debt shall be deemed not to be paid in full, for purposes of this Agreement, so long as the Bank has any obligation with respect to the Bank Debt, to make further advances to the Borrowers. However, this Agreement and the subordination granted herein shall continue to be effective or be reinstated if any payment of Bank Debt is rescinded, avoided, or for any reason returned by Bank because of any adverse claim or threatened action as though such payment had not been made.
Termination of Subordination. This Article 12 shall continue in full force and effect, and the obligations and agreements of the holders of Subordinated Indebtedness and the Company hereunder shall continue to be fully operative, until all of the Senior Indebtedness shall have been paid or provided for in full in cash and such provision or payment shall be final and not avoidable. To the extent that the Company or any guarantor of or provider of collateral for the Senior Indebtedness makes any payment on the Senior Indebtedness that is subsequently invalidated, declared to be fraudulent or preferential or set aside or is required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or reorganization act, state or federal law, common law or equitable cause (such payment being hereinafter referred to as a "VOIDED PAYMENT"), then to the extent of such Voided Payment, that portion of the Senior Indebtedness that had been previously satisfied by such Voided Payment shall be revived and continue in full force and effect as if such Voided Payment had never been made. In the event that a Voided Payment is recovered from any holder of Senior Indebtedness, an event of default shall be deemed to have existed and to be continuing under the applicable Senior Indebtedness from the date of such holder's initial receipt of such Voided Payment until the full amount of such Voided Payment is restored to such holder of
Termination of Subordination. This Agreement shall continue in full force and effect, and the obligations and agreements of the holders of Subordinated Debt and the Obligors hereunder shall continue to be fully operative, until all of the Senior Debt shall have been irrevocably paid and satisfied in full in cash or cash equivalents acceptable to the holders of Senior Debt and such full payment and satisfaction shall be final and not avoidable and irrevocable termination of the lending commitments under the Senior Debt (subject to any reinstatement as provided in Section 6).
Termination of Subordination. 58 12.18 Notices to Holders of Senior Indebtedness..................59
Termination of Subordination. The provisions of this §20 shall continue in full force and effect, and the obligations and agreements of the Purchaser and the Issuer hereunder shall continue to be fully operative, until the Discharge of the Senior Debt Obligations, irrespective of any amendment, amendment and restatement, modification, supplement, waiver, restructuring, renewal, replacement, extension, or refinancing (including as Permitted Refinancing Indebtedness) of the OpCo Credit Agreement.
Termination of Subordination. This Agreement shall automatically ---------------------------- terminate and be of no further force and effect at such time as Secured Obligations have been satisfied and all of the Mortgages have been released.
Termination of Subordination. This Agreement shall continue and shall be irrevocable until the date all of the Senior Obligations have been Finally Paid by Borrower or otherwise discharged and released by the Senior Lender.
Termination of Subordination. If at any time prior to the Maturity Date of the Securities, the security interest granted to the holders of Senior Debt is terminated, the provisions of this Article 10 shall automatically terminate.
Termination of Subordination. 7 12. Notices..................................................................8 13.
