Common use of Subordination of Inside Debt Clause in Contracts

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender a subordination agreement on Lender’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower Borrowers to its officers, directors, directors and shareholders and Affiliates (collectively, other than Indebtedness currently outstanding under the Senior Secured Convertible Debentures) (“Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on LenderBank’s standard form. Borrower represents Borrowers represent and warrants warrant that as of the Effective Date there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower Borrowers shall cause the person Person to whom such Inside Debt will be owed to execute and deliver to Lender Bank a subordination agreement on LenderBank’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on LenderBank’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding, except as provided in the Representations. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender Bank a subordination agreement on LenderBank’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding, except for the following: None. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender a subordination agreement on Lender’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding, except for the following: NONE. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender a subordination agreement on Lender’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding, except for the Indebtedness referred to in Section 8(a)(1) above. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender a subordination agreement on Lender’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “"Inside Debt”") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s 's standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, . Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender a subordination agreement on Lender’s 's standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “Inside Debt”) shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on LenderBank’s standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender Bank a subordination agreement on LenderBank’s standard form.

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors, directors and shareholders and Affiliates (collectively, “"Inside Debt”") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Lender’s Bank's standard form. Borrower represents and warrants that as of the Effective Date there is no Inside Debt presently outstanding, except as provided in the Representations. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Lender Bank a subordination agreement on Lender’s Bank's standard form.