Common use of Subordination of Certain Indebtedness Clause in Contracts

Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or officer of any partner or Affiliate of Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent of a Subordination of Debt Agreement, on the form prescribed by Credit Agent, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 2 contracts

Samples: Mortgage Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

AutoNDA by SimpleDocs

Subordination of Certain Indebtedness. Cause Borrower shall cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director manager or officer of any partner or other Affiliate of Borrower, Borrower or to Guarantor to be subordinated to the Obligations by the execution and delivery to Credit Administrative Agent of a Subordination of Debt Agreement, on the form prescribed by Credit Agent, Administrative Agent and certified by the corporate secretary manager of the Borrower to be true and complete and in full force and effect.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Subordination of Certain Indebtedness. Cause any indebtedness Indebtedness of a Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or director, officer of any partner or Affiliate of Borrower, such Borrower to be subordinated to the Obligations by the execution and delivery to Credit Agent Lender of a Subordination of Debt Agreement, on the form prescribed by Credit AgentLender, certified by the corporate secretary of the such Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Centerline Holding Co)

Subordination of Certain Indebtedness. Cause any indebtedness of the Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or officer of any partner or Affiliate of the Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent Lender of a Subordination of Debt Agreement, on the form prescribed by Credit Agentthe Lender, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Credit and Security Agreement (Walker & Dunlop, Inc.)

Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or officer of any partner or Affiliate of Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Administrative Agent of a Subordination of Debt Agreement, on the form prescribed by Credit the Administrative Agent, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or director, officer of any partner or Affiliate of Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent Lender of a Subordination of Debt Agreement, on the form prescribed by Credit AgentLender, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc)

AutoNDA by SimpleDocs

Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or director, officer of any partner or Affiliate of Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent Lender of a Subordination of Debt Agreement, on the form prescribed by Credit AgentLender, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc)

Subordination of Certain Indebtedness. Cause any indebtedness of Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or officer of any partner or Affiliate of Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent Lender of a Subordination of Debt Agreement, on the form prescribed by Credit AgentLender, certified by the corporate secretary of the Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Subordination of Certain Indebtedness. Cause any indebtedness of either Borrower for borrowed money to any partner or Affiliate or any member, shareholder, director or officer of any partner or Affiliate of such Borrower, to be subordinated to the Obligations by the execution and delivery to Credit Agent of a Subordination of Debt Agreement, on the form prescribed by Credit Agent, certified by the corporate secretary of the applicable Borrower to be true and complete and in full force and effect.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!