Subordinated Credit Agreement Sample Clauses
Subordinated Credit Agreement. An “Event of Default” under the Subordinated Credit Agreement shall have occurred.
Subordinated Credit Agreement. A new Section 4.9 is added to the LLC Agreement to read as follows:
Subordinated Credit Agreement. Notwithstanding anything in this Agreement to the contrary, the Company and its Subsidiaries may enter into the Subordinated Credit Agreement, and MSG and its Affiliates may exercise any remedies thereunder or any remedies they (or any of them) have as creditors under applicable law. Without limitation of the foregoing, in the event the lender(s) under the Subordinated Credit Agreement foreclose on any equity interests pledged to them, then notwithstanding anything in this Agreement to the contrary, (a) they (or any of them) shall be entitled to exercise all rights with respect thereto without regard to anything in this Agreement to the contrary, and (b) in no event shall any foreclosure or other Transfer of Interests to them or for their benefit be prohibited hereunder.”
Subordinated Credit Agreement. The Subordinated Credit Agreement shall be amended in form and substance satisfactory to the Administrative Agent so that the Leverage Ratio covenant contained in Section 7.03 of the Subordinated Credit Agreement shall be amended to provide for a maximum Leverage Ratio on every date which is at least .50 (.25 for the period from the Status Reset Date during the Fiscal Quarter commencing January 1, 2004 to the day immediately prior to the Status Reset Date during the Fiscal Quarter commencing April 1, 2004) greater than the maximum Leverage Ratio for each such date required under the Credit Agreement pursuant to this Amendment.
Subordinated Credit Agreement. On the Closing Date, the Company and certain Insiders will execute and delivere a subordinated revolving line of credit agreement, in the form annexed as Exhibit 10.12 of the Registration Statement (the "Subordinated Credit Agreement"), pursuant to which such Insiders have agreed to make available to the Company a revolving line of credit to pay certain costs and expenses that may arise prior to a Business Combination or to pay costs, expenses and claims in connection with the Company's dissolution and liquidation of the Trust Fund to its public stockholders.
Subordinated Credit Agreement. The Administrative Agent shall have received a copy of the executed Subordinated Credit Agreement and other documents executed in connection with the Subordinated Credit Agreement, which Subordinated Credit Agreement and other credit documents (i) shall qualify as Permitted Subordinated Refinancing Indebtedness, as such term is amended by this Amendment, and (ii) shall otherwise be in form and substance reasonably satisfactory to the Administrative Agent.
Subordinated Credit Agreement. The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Agents and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice.
Subordinated Credit Agreement. Make any amendments or modifications to the Subordinated Credit Agreement except as permitted pursuant to the terms of the Intercreditor Agreement.
Subordinated Credit Agreement. Seller and X.X. Xxxxx International Co. (“Borrower”) are parties to that certain Subordinated Credit Agreement, dated as of January 14, 2008, as amended from time to time (the “Credit Agreement”). In the event that Borrower should be in Default under its covenant in Section 10.01 (Total Leverage Ratio) and/or Section 10.03 (Fixed Charge Coverage Ratio) of the Credit Agreement, Seller will agree to enter into a agreement with Borrower to amend such covenants under the Credit Agreement on terms no less favorable to Seller, including, without limitation, in respect of increased rates of interest and applicable fees, than the terms on which the lenders under the MS Facility may agree (for clarity, giving effect to any variations in such rates or other terms over equivalent time periods, as may be reflected in Borrower’s agreement with such lenders in respect of such terms), to amend the MS Facility in relation to a default or prospective default under its financial covenants therein, provided that such terms agreed to with the lenders under the MS Facility are reasonably consistent with market practice for similarly situated borrowers under similar circumstances. Such amendment shall otherwise be in customary form and reasonably acceptable to Seller.
Subordinated Credit Agreement. The Borrower represents and warrants that the Credit Agreement dated as of October 31, 1996, between the Borrower and Bank of America Illinois has been terminated and is no longer in effect.