JUNIOR CREDITORS Sample Clauses

JUNIOR CREDITORS. No Junior Creditor will hold or have the benefit of any security or guarantee in respect of the Junior Debt (save to the extent required or not prohibited by to the Senior Finance Documents).
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JUNIOR CREDITORS. CII VENTURES II LLC By: ----------------------------- Title: --------------------------- By: ------------------------------- Name: ----------------------------- Title: ----------------------------- /s/ XXXXXXX X. XXXXX, XX -------------------------------------- XXXXXXX X. XXXXX, XX, an individual /s/ R. XXXXXXXX XXXXX -------------------------------------- R. XXXXXXXX XXXXX, an individual SUBORDINATION AGREEMENT OBLIGORS: -------- CAIS, INC. By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- CAIS INTERNET, INC. By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- CAIS SOFTWARE SOLUTIONS, INC. By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- BUSINESS ANYWHERE USA, INC. By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- CAIS PURCHASING COMPANY By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- SUBORDINATION AGREEMENT SENIOR CREDITORS: ---------------- NORTEL NETWORKS INC. By: ---------------------------------- Name: -------------------------------- Title: -------------------------------- SUBORDINATION AGREEMENT SCHEDULE 1 ---------- OUTSTANDING SUBORDINATED INDEBTEDNESS
Sample 1
JUNIOR CREDITORS. By: ---------------------------------- Name: Title: Address for Notice: With a copy to: |---------------------| By: --------------------------------- Name: Title: Address for Notice: Attn: Chief Executive Officer
Sample 1
JUNIOR CREDITORS. Until the Senior Discharge Date, no Junior Creditor will (except with the consent of the Majority Senior Creditors): (a) assign, transfer or dispose of any of the Junior Debt owing to it or its proceeds or any interest in that Junior Debt or its proceeds, or any security therefor, to or in favour of any person or transfer by novation or otherwise any of its rights or obligations under any Junior Finance Document to any person; or (b) subordinate any of the Junior Debt owing to it or its proceeds to any sums owing by an Obligor to any person (other than Senior Debt and Hedging Liabilities owing to the Senior Creditors and the Hedging Banks respectively), unless, in the case of (a) above only, that person is not prohibited from having such involvement by the terms of the Junior Finance Documents and agrees with the parties hereto that it is bound by all the terms of this Agreement as a Junior Creditor by executing a deed of accession substantially in the form set out in Schedule 8 or a Novation Certificate (as defined in the Junior Facility Agreement).
Sample 1

Related to JUNIOR CREDITORS

  • Junior Liens It being understood that B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Mortgage Loan that is cross-collateralized and cross-defaulted with another Mortgage Loan, as of the Cut-off Date there are no subordinate mortgages or junior mortgage liens encumbering the related Mortgaged Property other than Permitted Encumbrances, mechanics’ or materialmen’s liens (which are the subject of the representation in paragraph (7) above), and equipment and other personal property financing. The Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor other than as set forth on Exhibit C-32-1.

  • Rights of Creditors (a) This Agreement is unfunded. Neither the Director nor any other persons shall have any interest in any specific asset or assets of the Funds by reason of any Deferral Accounts hereunder, nor any rights to receive distribution of his Deferral Accounts except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the Funds, subject to the claims of their general creditors and no person other than the Funds shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor. (b) The rights of the Director and the Beneficiaries to the amounts held in the Deferral Accounts are unsecured and shall be subject to the creditors of the Funds. With respect to the payment of amounts held under the Deferral Accounts, the Director and his Beneficiaries have the status of unsecured creditors of the Funds. This Agreement is executed on behalf of the Funds by an officer, or other representative, of the Funds as such and not individually. Any obligation of the Funds hereunder shall be an unsecured obligation of the Funds and not of any other person.

  • Unsecured General Creditor The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.

  • Secured Party In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms of the Indenture that apply to the Indenture Trustee.

  • Secured Parties Each Secured Party that is not a party to the Credit Agreement who obtains the benefit of this Agreement shall be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of the Credit Agreement, and with respect to the actions and omissions of the Administrative Agent hereunder or otherwise relating hereto that do or may affect such Secured Party, the Administrative Agent and each of its Affiliates shall be entitled to all of the rights, benefits and immunities conferred under Article IX of the Credit Agreement.

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

  • Secured Party Performance of Debtor Obligations Without having any obligation to do so, the Administrative Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

  • Senior Debt The Obligations constitute “Senior Indebtedness” (or any comparable term) or “Senior Secured Financing” (or any comparable term) under, and as defined in, the documentation governing, any Indebtedness that is subordinated to the Obligations expressly by its terms.

  • CLAIMS OF CREDITORS The Contract Value and other benefits under this Contract are exempt from the claims of creditors to the extent permitted by law.

  • Debtor-Creditor Relationship The relationship between the Lenders and Agent, on the one hand, and the Loan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.

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