Common use of Subordination of Guarantees Clause in Contracts

Subordination of Guarantees. The Guarantor covenants and agrees, and each Holder of a Note and the related Guarantee, by its acceptance thereof, likewise covenants and agrees, that, notwithstanding anything to the contrary contained herein or in the Guarantees, to the extent and in the manner hereinafter set forth in this Section 6.8, the Guarantees in respect of the Notes are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Guarantor Indebtedness. “

Subordination of Guarantees. The SECTION 14.01 Notwithstanding anything to the contrary contained in this Indenture, the Company and the Guarantor covenants each covenant and agreesagree, and each Holder of a Note and the related GuaranteeSecurities, by its his or her acceptance thereof, likewise covenants and agrees, that, notwithstanding anything to that the contrary contained herein or in the GuaranteesGuarantees shall, to the extent and in the manner hereinafter set forth in this Section 6.8Article Fourteen set forth, the Guarantees in respect of the Notes are hereby expressly made subordinate be subordinated and subject in right of payment to the prior payment in full of all Senior Guarantor Indebtedness. “Indebtedness of the Guarantor.