Subordinated Loan Agreement. The Borrower and the Subordinated Lenders may not amend or waive any material term of a Subordinated Loan Agreement without the prior written consent of the Majority Lenders.
Subordinated Loan Agreement. (a) The occurrence of an Event of Default (as defined in the Subordinated Loan Agreement) resulting from Borrower’s failure to comply with Section 2.1.1(b) of the Subordinated Loan Agreement or (b) Bank’s exercise of remedies pursuant to Section 9.1(a) of the Subordinated Loan Agreement; or
Subordinated Loan Agreement. The Agent shall have received evidence that the Subordinated Loan Agreement has been amended, in form and substance reasonably satisfactory to the Agent, to (i) defer maturity of the Subordinated Indebtedness until July 28, 2012 and (ii) reflect the conversion of the Tranche A/B Term Loans described therein into the Preferred Equity Interests, pursuant to the Subordinated Loan Agreement Amendment.
Subordinated Loan Agreement. The occurrence of an Event of Default (as defined in the Subordinated Loan Agreement) under the Subordinated Loan Agreement.
Subordinated Loan Agreement. (a) Notwithstanding anything to the contrary contained in the Subordinated Loan Agreement, HET and HOCI hereby agree to forbear from taking any action in respect of a default by the Company under Section 8 of the Subordinated Loan Agreement, at any time prior to the occurrence of a Flip Event (as defined in the Restated Certificate of Incorporation of JCC Holding as of the date hereof) or after the occurrence of a Cure Event (as defined in the Restated Certificate of Incorporation of JCC Holding as of the date hereof) in respect of any uncured Flip Events, and thereafter such covenants shall be deemed modified to the extent necessary such that they are no more onerous on the Company than the covenants contained in the Indenture as in effect on the date hereof.
(b) Notwithstanding anything to the contrary contained in the Subordinated Loan Agreement, HET and HOCI subordinate to the Lien granted by the Company to the Lenders all rights granted or purported to be granted by the Company to HET and HOCI pursuant to the Subordinated Loan Agreement in any policies of insurance for or revenues from the Casino (collectively, the "Assigned Proceeds").
(c) Each of HET and HOCI, for itself, its successors and assigns, covenants and agrees that its rights as assignee of the Assigned Proceeds are subject to the prior security interest granted in such Assigned Proceeds under the Security Documents to the Lenders. The priorities set forth herein with respect to the Assigned Proceeds are applicable irrespective of (i) the time, order or method of attachment or perfection or recording thereof or of any financing statements or (ii) whether or not the Collateral Agent, the Administrative Agent or any Lender has a valid or perfected security interest in the Assigned Proceeds.
(d) Until all Senior Indebtedness shall have been paid in full in cash, HET and HOCI shall not take any action whatsoever (including any remedial action) to exercise or enforce their rights and remedies in respect of any Assigned Proceeds, provided that in order to satisfy its obligations under any Guaranty and so long as HET and HOCI are not in default under the Bank Completion Guaranty, HET and HOCI may exercise any of their rights in respect of the Assigned Proceeds in order to cause the successful completion of the Casino (it being understood and agreed that the exercise by HET and HOCI of such rights shall continue to be subject to the subordination provisions of this Agreement).
(e) The subordinatio...
Subordinated Loan Agreement. The Company shall cause PCP to satisfy all of its obligations under the Subordinated Loan Agreement dated as of November 1, 1998 (THE "SUBORDINATED LOAN AGREEMENT") by and among PCP (f/k/a PCP Acquisition, Inc.), the lenders which are parties thereto (THE "SUBORDINATED LENDERS") and Canterbury Mezzanine Capital, L.P., as agent, including, without limitation, the repayment in full of the Loans (as defined in the Subordinated Loan Agreement) and all interest accrued thereon. The Company shall use its reasonable best efforts to cause the Subordinated Lenders to exercise the warrants evidenced by the Warrant Certificates (as defined in the Subordinated Loan Agreement) and to convert the Company Class B stock issued to the Subordinated Lenders thereunder into Company Common Stock.
Subordinated Loan Agreement. Borrowers and Guarantor will (i) furnish to Agent copies of all documents, instruments, notices, reports, certificates or other items which are furnished to or received from the administrative agent or any lender pursuant to the terms of the Subordinated Loan Agreement or any Loan Documents (as defined in the Subordinated Loan Agreement), at the same time as the same are furnished to or received from the administrative agent or any lender pursuant to the terms of Subordinated Loan Agreement or any such Subordinated Loan Documents (except to the extent a copy of any such item has previously been furnished to Agent and Lenders), and (ii) grant to Agent for the ratable benefit of the Lenders a first and prior Lien on any of their assets upon which the administrative agent or any lender under the Subordinated Loan Agreement is granted a Lien, prior to granting any such Lien to the administrative agent or any lender under the Subordinated Loan Agreement.
Subordinated Loan Agreement. The Company and the Purchasers --------------------------- shall have entered into the Subordinated Loan Agreement, and the Subordinated Loan Agreement shall be in full force and effect as of the August 2000 Closing.
Subordinated Loan Agreement. To facilitate the carrying out of the Project, PTSMI shall make the entire proceeds of the Loan available to the Company through a Subordinated Loan Agreement between PTSMI and the Company, under which repayment obligations of the Company are subordinated to those of certain senior lenders and other terms and conditions acceptable to the Borrower and the Bank, which, unless otherwise agreed between the Borrower and the Bank, shall include the following: the terms for relending the proceeds of the Loan shall be denominated in Rupiah with a repayment period of at least 24.5 years, including a grace period of at least 9 years and an interest rate of not more than 0.5% above the cost of funds to PTSMI under the Subsidiary Loan Agreement plus any actual income taxes payable by PTSMI as a result of lending to the Company; and
Subordinated Loan Agreement. The Company and TJS will execute and deliver the Subordinated Loan Agreement and each of the Loan Instruments (as defined in the Subordinated Loan Agreement) initially required to be delivered pursuant thereto;
