Subordination Events. Until the Senior Debt is Discharged, if:
Subordination Events. The Borrower will not engage or permit any Affiliate to engage in any activities relating to any Obligor and/or with respect to any Loan that would subject a Loan to the risk of (i) equitable subordination under Section 510(c) of the Bankruptcy Code, or (ii) recharacterization as an equity security under Section 105(a) of the Bankruptcy Code or otherwise, as a result of the conduct of the Borrower, the Servicer, the Originator or any of their respective Affiliates (items (i), and (ii) above, each a “Subordination Event”).
Subordination Events. (a) In this Agreement, "
Subordination Events. The Servicer will not engage or permit any Affiliate to engage in any activities relating to any Obligor and/or with respect to any Loan that would subject a Loan to the risk of a Subordination Event.
Subordination Events. The Borrower will not engage or permit any Affiliate to engage in any activities relating to any Obligor and/or with respect to any Loan Asset that would subject a Loan Asset to the risk of (i) equitable subordination under Section 510(c) of the Bankruptcy Code, or (ii) recharacterization as an equity security under Section 105(a) of the Bankruptcy Code or otherwise, as a result of the conduct of the Borrower, the Manager, the Performance Guarantor or any of their respective Affiliates (items (i), and (ii) above, each a “Subordination Event”); it being understood and agreed that a restructuring of a Loan Asset, either in or out of court, may result in the Borrower holding equity securities of an Obligor.
Subordination Events. The Manager will not engage in any activities relating to any Obligor and/or with respect to any Loan Asset that would subject a Loan Asset to the risk of a Subordination Event.
Subordination Events. The Seller will not engage or permit any Affiliate to engage in any activities relating to any Obligor and/or with respect to any Purchased Collateral Debt Obligation that would subject a Purchased Collateral Debt Obligation to the risk of (i) equitable subordination under Section 510(c) of the Bankruptcy Code, or (ii) recharacterization as an equity security under Section 105(a) of the Bankruptcy Code or otherwise, as a result of the conduct of the Seller, the Servicer, the Investment Manager, the Buyer or any of their respective Affiliates.
Subordination Events. The Servicer will not engage in any activities relating to any Obligor and/or with respect to any Collateral Debt Obligation that would subject a Collateral Debt Obligation to the risk of a Subordination Event.
Subordination Events. Notwithstanding anything to the contrary in this Deed, each of the Borrower, BET and EPHL agrees that the subordination of the ranking of the rights of payment of the Finance Parties created by this Deed in favour of EPHL and BETdoes not affect nor limit, in any way, the rights of the Finance Parties against any other asset or Liability of the Borrower under or concerning a Finance Document.
Subordination Events. If any Event of Default specified in subclauses 12.1(h) (Insolvency) to 12.1(1) (Analogous proceedings) (inclusive) of the Senior Facilities Agreement occurs to or in respect of any Obligor, then the Senior Subordinated Debt owed by the Insolvent Obligor will be subordinate in right of payment to the Senior Debt owed by such Insolvent Obligor.
