ACKNOWLEDGMENT OF SUBORDINATION Sample Clauses

ACKNOWLEDGMENT OF SUBORDINATION. Lender acknowledges that it hereby intentionally waives, relinquishes and subordinates the priority and superiority of the lien or charge of the Lender Security Agreement in favor of the lien or charge of the Bank One Security Interest upon the Residual Interest, and understands that in reliance upon and in consideration of this waiver, relinquishment and subordination, specific loans and advances are being and will be made and specific monetary and other obligations are being and will be entered into by third parties which would not be made or entered into but for such reliance upon this waiver, relinquishment and subordination. Lender agrees to execute such further documents as either Bank One or the Company may reasonably request to reflect, implement or confirm such subordination.

ACKNOWLEDGMENT OF SUBORDINATION. Lessee acknowledges that the Lease is subordinated to the Deed of Trust pursuant to and in accordance with the terms of the Lease.

ACKNOWLEDGMENT OF SUBORDINATION. Notwithstanding anything contained herein, this Lease is subject and subordinate in all respects to any Superior Security Document, to all other liens granted by the Lessee to the holder of a Superior Security Document with respect to or in connection with the indebtedness secured by the Superior Security Document, and to all modifications, extensions, refinancings (where such liens continue) or renewals of such lien.

ACKNOWLEDGMENT OF SUBORDINATION. The Company hereby acknowledges that any present and future Indebtedness (other than Operating Bank Account Indebtedness that does not represent the transfer of Designated Asset Sale Proceeds) payable by the Borrower to the Company is Subordinated in accordance with the terms of the Credit Agreement."

ACKNOWLEDGMENT OF SUBORDINATION. To the extent practicable, any promissory note or other evidence of indebtedness representing Subordinated Debt shall contain provisions substantially similar to the foregoing and effectuating the intention of this Section 4 that the Subordinated Debt be subordinated in payment to this Note as provided herein.

ACKNOWLEDGMENT OF SUBORDINATION. Subordinate Lender hereby acknowledges a Lien on Collateral securing any Senior Loan Obligations (including for the avoidance of doubt any Senior Loan Obligation arising out of Refinancing Indebtedness) will at all times be senior and prior in all respects to any Lien on such Collateral securing Subordinate Loan Obligations.

ACKNOWLEDGMENT OF SUBORDINATION. Each Holder of the Subordinated Obligations acknowledges and agrees that: (1) the holders of Senior Obligations have relied on the terms and provisions of this Subordination Agreement in executing and delivering the Credit Agreement and in entering into Qualifying Xxxxxx contemplated thereby and shall continue to rely on such terms and provisions in entering into Qualifying Xxxxxx from time to time, and the provisions of this Subordination Agreement are for the benefit of and may be enforced by the holders of the Senior Obligations; and (2) the Holders of the Subordinated Obligations will not challenge the validity or enforceability of the subordination provisions contained in this Subordination Agreement.

ACKNOWLEDGMENT OF SUBORDINATION. Notwithstanding anything contained herein, this Lease is subject and subordinate in all respects to any Specified Mortgage and any Loan Document, to all other liens granted by Lessee to the holder of such Specified Mortgage with respect to or in connection with the indebtedness secured by any Specified Mortgage, and to all modifications, extensions, refinancings (where such liens continue) or renewals of such lien.

ACKNOWLEDGMENT OF SUBORDINATION. Reference is hereby made to the Note and Common Unit Acquisition Agreement, dated as of December 6, 1999 (the "ACQUISITION AGREEMENT") among the Company, BRS Equipment Company, Inc., Xxx Xxxxxxx and

ACKNOWLEDGMENT OF SUBORDINATION. Creditor hereby acknowledges and remakes for the benefit of Lender the subordination of the Subordinated Debt to the Senior Debt (as defined in the Subordination Agreement, as amended), subject to the terms and provisions thereof.