Additional Subordinated Creditors Sample Clauses
Additional Subordinated Creditors. The Borrowers may request that any person becomes a Subordinated Creditor, with the prior approval of the Lender, by delivering to the Lender:
Additional Subordinated Creditors. (a) The Borrower may request that any person becomes a Subordinated Creditor, with the prior approval of the Facility Agent (acting on the authorisation of the Majority Lenders), by delivering to the Facility Agent:
Additional Subordinated Creditors. (a) The Borrower may request that any person becomes a Subordinated Creditor, with the prior approval of the Agent (acting on the instructions of the Majority Lenders), by delivering to the Agent:
(i) a duly executed Subordination Agreement; and
(ii) such Constitutional Documents, corporate authorisations and other documents and matters as the Agent may reasonably require, in form and substance satisfactory to the Agent (acting on the instructions of the Majority Lenders), to verify that the person’s obligations are legally binding, valid and enforceable and to satisfy any applicable legal and regulatory requirements.
(b) A person referred to in paragraph (a) above will become a Subordinated Creditor on the date the Agent enters into the Subordination Agreement delivered under paragraph (a) above.
Additional Subordinated Creditors. Upon execution and delivery by the Agent and an Affiliate of Holdings or the Borrower or a Subsidiary Loan Party of an instrument in the form of Annex 1 attached thereto, such Affiliate or Subsidiary Loan Party shall become a Subordinated Creditor hereunder with the same force and effect as if originally named as a Subordinated Creditor herein. The execution and delivery of any such instrument shall not require the consent of any other Subordinated Creditor hereunder. The rights and obligations of each Subordinated Creditor herein shall remain in full force and effect notwithstanding the addition of any Subordinated Creditor as a party to this Agreement.
Additional Subordinated Creditors. Each Subsidiary that was not in existence or not a Subsidiary on the Closing Date is required to enter into this Agreement as a Subordinated Creditor upon becoming such a Subsidiary. Upon execution and delivery by such Subsidiary of a joinder agreement in the form of Exhibit A hereto, such Subsidiary shall become a Subordinated Creditor hereunder with the same force and effect as if originally named as a Subordinated Creditor herein. The execution and delivery of any such instrument shall not require the consent of any other party hereunder. The rights and obligations of each party hereunder shall remain in full force and effect notwithstanding the addition of any new party as a party to this Agreement.
Additional Subordinated Creditors. If any Guarantor (other than a Foreign Guarantor (as defined in the Indenture)) is owed any Intercompany Subordinated Debt by any Obligor after the date hereof, then such Guarantor will become a Subordinated Creditor party to this Subordination Agreement.
Additional Subordinated Creditors. Each Subsidiary of Lux 1 (other than Holdings and its Subsidiaries) that was not in existence or not a Subsidiary on the Closing Date is required to enter into this Agreement as a Subordinated Creditor upon becoming such a Subsidiary. Upon execution and delivery by the Lenders and such Subsidiary of a joinder agreement in the form of Exhibit A hereto, such Subsidiary shall become a Subordinated Creditor hereunder with the same force and effect as if originally named as a Subordinated Creditor herein. The execution and delivery of any such instrument shall not require the consent of any other party hereunder. The rights and obligations of each party hereunder shall remain in full force and effect notwithstanding the addition of any new party as a party to this Agreement.
Additional Subordinated Creditors. (a) The Borrower may request that any person becomes a Subordinated Creditor, with the prior approval of the Facility Agent, by delivering to the Facility Agent:
(i) a duly executed Subordination Agreement; and
(ii) such constitutional documents, corporate authorisations and other documents and matters as the Facility Agent may reasonably require, in form and substance satisfactory to the Facility Agent, to verify that the person's obligations are legally binding, valid and enforceable and to satisfy any applicable legal and regulatory requirements.
(b) A person referred to in paragraph (a) above will become a Subordinated Creditor on the date the Security Agent enters into the Subordination Agreement. THE FINANCE PARTIES
Additional Subordinated Creditors. Upon the execution and delivery to the Collateral Agents by any Person of a supplemental agreement in substantially the form of Exhibit A attached hereto (each, a "SUPPLEMENTAL AGREEMENT"), which Supplemental Agreement need not be executed by any other party hereto, and the acceptance thereof by both Collateral Agents, such Person shall be a Subordinated Creditor hereunder, and each reference in this Agreement to a "SUBORDINATED CREDITOR" shall include such Person and each reference in any other Senior Debt Document to a "SUBORDINATED CREDITOR" shall include such Person.
Additional Subordinated Creditors. Each Person that is required to become a party to this Agreement to permit the incurrence by any Obligor of any Indebtedness permitted pursuant to clause (f) of Section 7.2.2 of the Credit Agreements shall become a Subordinated Creditor for all purposes of this Subordination Agreement upon execution and delivery by such Person of an Assumption Agreement in the form of Annex I attached hereto, an executed original of which shall be furnished to the Administrative Agent promptly after the execution thereof.