SUBORDINATION AGREEMENT; CONSENT Sample Clauses

SUBORDINATION AGREEMENT; CONSENT. The Company shall have delivered to Purchaser, and Purchaser shall have executed and delivered, a Subordination Agreement (the "FIDELITY SUBORDINATION AGREEMENT"), dated as of the Closing, by and among the Purchaser, Fidelity Funding of California, Inc., Fidelity Funding, Inc., the Company and ACS Acquisition Corp., consenting to the transactions contemplated by this Agreement, in form and substance satisfactory to Purchaser in its sole discretion. The Company shall have delivered to Purchaser a Consent, dated as of the Closing, by Flowserve Corporation, as successor in interest to Durco International Inc., consenting to the transactions contemplated by this Agreement, in form and substance satisfactory to Purchaser in its sole discretion.
Sample 1
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SUBORDINATION AGREEMENT; CONSENT. Bank agrees that the payments from the Bank to PFG provided for herein and the application of such payments to the indebtedness of the Company to PFG as provided herein shall be permitted under the Subordination Agreement between Bank and PFG dated June 7, 2004. Bank acknowledges receipt of the PFG Amendment and consents to the transactions described therein (the “Transactions“), including the incurrence of term loans of up to $2,000,000 and the assignment of certain assets described in this Assignment to PFG. Bank agrees that the consummation of the Transactions shall not constitute a default under the Loan Agreement.
Sample 1

Related to SUBORDINATION AGREEMENT; CONSENT

  • Subordination Agreements Subordination Agreements with respect to all Subordinated Debt.

  • 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.

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

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively:

  • Arrangement Agreement This Plan of Arrangement is made pursuant to the Arrangement Agreement.

  • Agreement Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • Modification Agreements The Servicer or the related Subservicer, as the case may be, shall be entitled to (A) execute assumption agreements, substitution agreements, and instruments of satisfaction or cancellation or of partial or full release or discharge, or any other document contemplated by this Servicing Agreement and other comparable instruments with respect to the Mortgage Loans and with respect to the Mortgaged Properties subject to the Mortgages (and the Company shall promptly execute any such documents on request of the Servicer) and (B) approve the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property or other similar matters, if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby. A partial release pursuant to this Section 3.05 shall be permitted only if the Combined Loan-to-Value Ratio for such Mortgage Loan after such partial release does not exceed the Combined Loan-to-Value Ratio for such Mortgage Loan as of the Cut-Off Date. Any fee collected by the Servicer or the related Subservicer for processing such request will be retained by the Servicer or such Subservicer as additional servicing compensation.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Subordination Terms The payment by the Company of the principal of, premium, if any, and interest on any series of Securities issued hereunder shall be subordinated to the extent set forth in an indenture supplemental hereto relating to such series.

  • Forbearance Agreement Except as otherwise expressly provided herein, (i) the Forbearance Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the date hereof (A) all references in the Forbearance Agreement to "this Forbearance Agreement ", "hereto", "hereof", "hereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this Amendment, and (B) all references in the Financing Agreement or any other Loan Document to the " Forbearance Agreement ", "thereto", "thereof", "thereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this amendment. This Amendment shall be effective only in the specific instances and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Forbearance Agreement or the Financing Agreement which terms and conditions shall remain in full force and effect. 6.

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