Subordinated Debt Agreement Sample Clauses

Subordinated Debt Agreement. As additional partial consideration for the transfer of MRYP Newco Properties, ERP Operating Partnership and MRYP Newco will become parties to the $20.0 million, 15-year, Subordinated Debt Agreement, bearing interest payable quarterly and accruing as follows:

Subordinated Debt Agreement. Except as contemplated regarding prepayment penalties in Section 6.18, BIB and Parent shall cause Dilmun to enforce the terms of the Subordinated Debt Agreement in accordance with its terms as in effect on the date hereof, including, without limitation, the obligation to pay principal, interest and all other fees, charges and expenses thereunder.

Subordinated Debt Agreement. All Obligations shall be senior in right of payment to the Loan under and as defined in the Subordinated Debt Agreement and shall constitute "Senior Indebtedness" for all purposes of the Subordinated Debt Agreement.

Subordinated Debt Agreement. Holdings agrees to deliver to the Agent and the Banks, not later than October 15, 1996, an acknowledgment from the holders of the Subordinated Notes, or an amendment or modification to the Subordinated Debt Agreement, the effect of which is to acknowledge or confirm that the Loans made or to be made under the Agreement

Subordinated Debt Agreement. (i) The “Commitment” under and as defined in the Subordinated Debt Agreement will be terminated, (ii) the Subordinated Agreement will be terminated, (iii) GMAC-RFC will have no obligation to make any “Advances” under and as defined in the Subordinated Debt Agreement and (iv) the “Maturity Date” under and as defined in the Subordinated Debt Agreement will be deemed to have occurred.

Subordinated Debt Agreement. Any Subordinated Debt Agreement is determined by a court of competent jurisdiction to be unenforceable by the Agent.