Agreement re TMIH Subordinated Loan Agreement Sample Clauses

Agreement re TMIH Subordinated Loan Agreement. Without prejudice to the rights of the Agents and the Lenders to exercise their remedies in respect of their Lien on the TMIH Subordinated Loan and the TMIH Subordinated Loan Agreement, and their and their respective transferee’s and assigns’ rights upon foreclosure to act freely to exercise all rights and remedies under the TMIH Subordinated Loan Agreement, the Company hereby expressly agrees that prior to payment in full of all outstanding Obligations and termination of the Commitments, the Company will not demand payment of the TMIH Subordinated Loan, or exercise any rights or remedies under the TMIH Subordinated Loan Agreement to collect principal amounts, interest or other amounts owing thereunder, in cash or in Equity Interests, by acceleration, demand or otherwise, if such action could, directly or indirectly, give rise to any tax or other liability owed by TMIH or to any action referred to in Section 7.1(f) with respect to TMIH, or grounds therefor.
Sample 1
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Related to Agreement re TMIH Subordinated Loan Agreement

  • Intercompany Subordination Agreement The Administrative Agent shall have received the Intercompany Subordination Agreement, duly executed and delivered by each Loan Party.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Subordination Agreement Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes and (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes under Section 8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Agreement to Pay; Subordination In furtherance of the foregoing and not in limitation of any other right that the Security Agent, the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Loan Party to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each of the Guarantors hereby promises to and will forthwith pay, or cause to be paid, to the Security Agent, the Administrative Agent or such other Secured Party as designated thereby in cash the amount of such unpaid Guaranteed Obligations. Upon payment by any Guarantor of any sums to the Security Agent, the Administrative Agent or any other Secured Party as provided above, all rights of such Guarantor against any Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Guaranteed Obligations. If any amount shall erroneously be paid to any Guarantor on account of such subrogation, contribution, reimbursement, indemnity or similar right, such amount shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Security Agent or Administrative Agent (as applicable) to be credited against the payment of the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement. Any right of subrogation of any Guarantor shall be enforceable solely after the indefeasible payment in full in cash of all the Guaranteed Obligations and solely against the Guarantors and the Borrower, and not against the Secured Parties, and neither the Security Agent, the Administrative Agent nor any other Secured Party shall have any duty whatsoever to warrant, ensure or protect any such right of subrogation or to obtain, perfect, maintain, hold, enforce or retain any collateral securing or purporting to secure any of the Guaranteed Obligations for any purpose related to any such right of subrogation.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:

  • Loan Agreement and Note Lender shall have received a copy of this Agreement and the Note, in each case, duly executed and delivered on behalf of Borrower.

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