Subordination. (i) The subordination provisions of the documents evidencing or governing any Subordinated Indebtedness (the “Subordinated Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or # the Borrower or any other Credit Party shall expressly disavow or contest in any manner # the effectiveness, validity or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the Issuer or # that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Credit Party, shall be subject to any of the Subordination Provisions; or

Subordination. (i) The subordination provisions of the documents evidencing or governing any Subordinated Indebtedness (the “Subordinated Provisions”"Subordinated Provisions") shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or # the Borrower or any other Credit Party shall expressly disavow or contest in any manner # the effectiveness, validity or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the Issuer or # that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Credit Party, shall be subject to any of the Subordination Provisions; or

#the subordination provisions of the documents evidencing or governing any Subordinated Indebtedness in excess of ​ which is expressly subordinated in right of payment to the prior payment in full of the Obligations and which is in form and on terms approved in writing by the Administrative Agent (the “Subordinated Provisions”“Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of theany such applicable Subordinatedsubordinated Indebtedness; or # theany Borrower or any other Credit Party shall expresslyGuarantor shall, directly or indirectly, disavow or contest in any manner # the effectiveness, validity or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the IssuerSecured Parties, or # that all payments of principal of or premium and interest on theany such applicable Subordinatedsubordinated Indebtedness, or realized from the liquidation of any property of any Credit Party,Borrower or Guarantor, shall be subject to any of the Subordination Provisions; or

Subordination. (i) The subordinationAny of the subordination, standstill, payover and insolvency related provisions of any of the documents evidencing or governing any Subordinated IndebtednessDebt Documents (the “Subordinated Provisions”“Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness;Debt; or # the Borrower​ or any other Credit Party shall expressly​ shall, directly or indirectly, disavow or contest in any manner # the effectiveness, validity or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders​ and the IssuerSecured Parties or # that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness,Debt, or realized from the liquidation of any property of any Credit Party,​, shall be subject to any of the Subordination Provisions; orProvisions.

Any subordination provisionsprovision in any document or instrument governing Subordinated Debt, or any subordination provision in any guaranty by any Subsidiary of the documents evidencing or governing any Subordinated Indebtedness (the “Subordinated Provisions”) shall, in whole or in part, terminate,Debt, shall cease to be effectivein full force and effect, or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or # the Borrower or any other Credit PartyPerson (including the holder of any applicable Subordinated Debt) shall expressly disavow or contest in any manner # the effectiveness, validityvalidity, binding nature or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the Issuersuch provision; or # that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Credit Party, shall be subject to any of the Subordination Provisions; or