Subordination Clause Example with 4 Variations from Business Contracts

This page contains Subordination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Subordination. Each Guarantor hereby subordinates the payment of all obligations and indebtedness of Borrower owing to such Guarantor, whether now existing or hereafter arising, including but not limited to, any obligation of Borrower to such Guarantor as subrogee of Administrative Agent or any Lender Party or resulting from such Guarantor's performance under this Guaranty, to the payment in full in cash of all Guaranteed Obligations. If Administrative Agent so requests, any such obligation or indebtedness of ...Borrower to such Guarantor shall be enforced and performance received by such Guarantor as trustee for Administrative Agent and the proceeds thereof shall be paid over to Administrative Agent on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of such Guarantor under this Guaranty. View More
Found in RENTECH, INC. contract

Variations of a "Subordination" Clause from Business Contracts

Subordination. Each Guarantor hereby subordinates the payment of all obligations and indebtedness of the Borrower owing to such Guarantor, whether now existing or hereafter arising, including but not limited to, to any obligation of the Borrower to such Guarantor as subrogee of Administrative Agent or any Lender Party the Secured Parties or resulting from such Guarantor's performance under this Guaranty, to the indefeasible payment in full in cash Cash of all Guaranteed Obligations. If Administrative Agent the... Lender on behalf of the Secured Parties so requests, requests following the occurrence and during the continuation of an Event of Default, any such obligation or indebtedness of the Borrower to such any Guarantor shall be enforced and performance received by such the applicable Guarantor as trustee for Administrative Agent the Lender and the proceeds thereof shall be paid over to Administrative Agent the Lender for the benefit of the Secured Parties on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of such any Guarantor under this Guaranty. Guaranty (other than with respect to the amount of Guaranteed Obligations after giving effect to any such amounts applied thereto). 3 9. Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed in connection with any case commenced by or against any Guarantor or the Borrower under any Debtor Relief Laws or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Lender on behalf of the Secured Parties. View More
Found in ATRION CORP contract
Subordination. Each Guarantor hereby subordinates the payment of all obligations and indebtedness of Borrower owing to such Guarantor, whether now existing or hereafter arising, including but not limited to, any obligation of the Borrower to such Guarantor as subrogee of Administrative Agent or any the Lender Party Parties or resulting from such the Guarantor's performance under this Guaranty, to the indefeasible payment in full in cash of all Guaranteed Obligations. If the Administrative Agent so requests, an...y such obligation or indebtedness of the Borrower to such any Guarantor shall be enforced and performance received by such Guarantor as trustee for the Administrative Agent for the benefit of the Lender Parties and the proceeds thereof shall be paid over to the Administrative Agent for the benefit of the Lender Parties on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of such each Guarantor under this Guaranty. -3- 9. Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against any Guarantor or the Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Guarantor immediately upon demand by the Administrative Agent. View More
Found in ROWAN COMPANIES PLC contract
Subordination. Each Guarantor hereby subordinates the payment of all obligations and indebtedness of Borrower owing to such Guarantor, the Guarantors, whether now existing or hereafter arising, including but not limited to, to any obligation of Borrower to such any Guarantor as subrogee of Administrative Agent or any Lender Party or resulting from such any Guarantor's performance under this Guaranty, to the payment in full in cash of all Guaranteed Obligations. Obligations, provided that any such payment may b...e made by Borrower to any Guarantor if no default then exists under the Facilities Agreement or would result from such payment. If Administrative Agent any Creditor so requests, any such obligation or indebtedness of Borrower to such any Guarantor shall be enforced and performance received by such Guarantor as trustee for Administrative Agent and the proceeds thereof shall be paid over to Administrative Agent on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of such Guarantor under this Guaranty. View More
Found in Better Choice Co Inc. contract
Subordination. Each Guarantor hereby subordinates the payment of all obligations and indebtedness of Borrower owing to such Guarantor, whether now existing or hereafter arising, including but not limited to, any obligation of Borrower to such Guarantor as subrogee of Administrative Agent or any Lender Party or resulting from such Guarantor's performance under this Guaranty, to the indefeasible payment in full in cash of all Guaranteed Obligations. If Administrative Agent so requests, any such obligation or ind...ebtedness of Borrower to such Guarantor shall be enforced and performance received by such Guarantor as trustee for Administrative Agent and the proceeds thereof shall be paid over to Administrative Agent on account of the Guaranteed Obligations, but without reducing or affecting in any manner the liability of such Guarantor under this Guaranty. View More
Found in RENTECH, INC. contract