Common use of Subordination of Subordinated Debt Clause in Contracts

Subordination of Subordinated Debt. This Agreement, and all amendments, modifications, extensions, renewals, refinancings and refundings hereof, constitute the “Senior Credit Agreement” (or other comparable term) within the meaning of the Subordinated Debt Documents; this Agreement, together with each of the other Loan Documents and all amendments, modifications, extensions, renewals, refinancings and refundings hereof and thereof, constitute “Senior Loan Documents” (or other comparable term) within the meaning the Subordinated Debt Documents; and the Revolving Loans, the Term Loans, the Add-On Term Loans, the Incremental Term Loan A and all other Obligations of the Borrower to the Lenders and the Administrative Agent under this Agreement and all other Loan Documents, and all amendments, modifications, extensions, renewals, refundings or refinancings of any of the foregoing constitute “Senior Indebtedness” (or other comparable term) of the Borrower within the meaning of the Subordinated Debt Documents, and the holders thereof from time to time shall be entitled to all of the rights of a holder of “Senior Indebtedness” (or other comparable term) pursuant to the Subordinated Debt Documents.

Appears in 1 contract

Samples: Credit Agreement (EVO Payments, Inc.)

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Subordination of Subordinated Debt. This Agreement, and all amendments, modifications, extensions, renewals, refinancings and refundings hereof, constitute the “Senior Credit Agreement,(“Senior Indebtedness” or other comparable term) any substantially equivalent term within the meaning of the all Subordinated Debt Documents; this Agreement, together with each of the other Loan Documents and all amendments, modifications, extensions, renewals, refinancings and refundings hereof and thereof, constitute “Senior Loan Documents” (or other comparable term) within the meaning the of all Subordinated Debt Documents; and the Revolving Loans, the Term Loans, the Add-On Term Loans, the Incremental Term Loan A Loans and all other Obligations of the Borrower to the Lenders and the Administrative Agent under this Agreement Agreement, the Notes and all other Loan Documents, and all amendments, modifications, extensions, renewals, refundings or refinancings of any of the foregoing constitute “Senior Indebtedness” (or other comparable term) of the Borrower within the meaning of the all Subordinated Debt Documents, ; and the holders thereof from time to time shall be entitled to all of the rights of a holder of “Senior Indebtedness” (or other comparable term) pursuant to the subordination provisions applicable to such Permitted Subordinated Debt DocumentsDebt.

Appears in 1 contract

Samples: Revolving Credit Agreement (Boston Private Financial Holdings Inc)

Subordination of Subordinated Debt. This Agreement, and all amendments, modifications, extensions, renewals, refinancings and refundings hereof, constitute the “Senior Credit Agreement” (or other comparable term) within the meaning of the Subordinated Debt Documents; this Agreement, together with each of the other Loan Documents and all amendments, modifications, extensions, renewals, refinancings and refundings hereof and thereof, constitute “Senior Loan Documents” (or other comparable term) within the meaning the Subordinated Debt Documents; and the Revolving Loans, the Term Loans, the Add-On Term Loans, the Incremental Term Loan A Loans and all other Obligations of the Borrower to the Lenders and the Administrative Agent under this Agreement and all other Loan Documents, and all amendments, modifications, extensions, renewals, refundings or refinancings of any of the foregoing constitute “Senior Indebtedness” (or other comparable term) of the Borrower within the meaning of the Subordinated Debt Documents, and the holders thereof from time to time shall be entitled to all of the rights of a holder of “Senior Indebtedness” (or other comparable term) pursuant to the Subordinated Debt Documents.

Appears in 1 contract

Samples: Credit Agreement (EVO Payments, Inc.)

Subordination of Subordinated Debt. This Agreement, and all amendments, modifications, extensions, renewals, refinancings and refundings hereof, constitute the “Senior Credit Agreement” (or other comparable term) within the meaning of the Subordinated Debt Documents; this Agreement, together with each of the other Loan Documents and all amendments, modifications, extensions, renewals, refinancings and refundings hereof and thereof, constitute “Senior Loan Documents” (or other comparable term) within the meaning the Subordinated Debt Documents; and the Revolving Loans, the Term Loans, the Add-On Term Loans, the Incremental Term Loan A Loans and all other Obligations of the Borrower to the Lenders and the Administrative Agent under this Agreement and all other Loan Documents, and all amendments, modifications, extensions, renewals, refundings or refinancings of any of the foregoing constitute “Senior Indebtedness” (or other comparable term) of the Borrower within the meaning of the Subordinated Debt Documents, and the holders thereof from time to time shall be entitled to all of the rights of a holder of “Senior Indebtedness” (or other comparable term) pursuant to the Subordinated Debt Documents.

Appears in 1 contract

Samples: Credit Agreement and Security Agreement (EVO Payments, Inc.)

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Subordination of Subordinated Debt. This Agreement, and all amendments, modifications, extensions, renewals, refinancings and refundings hereof, constitute the “Senior Credit Agreement,(“Senior Indebtedness” or other comparable term) any substantially equivalent term within the meaning of the all Subordinated Debt Documents; this Agreement, together with each of the other Loan Documents and all amendments, modifications, extensions, renewals, refinancings and refundings hereof and thereof, constitute “Senior Loan Documents” (or other comparable term) within the meaning the of all Subordinated Debt Documents; and the Revolving Loans, the Term Loans, the Add-On Term Loans, the Incremental Term Loan A Loans and all other Obligations of the Borrower to the Lenders and the Administrative Agent under this Agreement Agreement, the Notes and all other Loan Documents, and all amendments, modifications, extensions, renewals, refundings or refinancings of any of the foregoing constitute “Senior Indebtedness” (or other comparable term) of the Borrower within the meaning of the all Subordinated Debt Documents, ; and the holders thereof from time to time shall be entitled to all of the rights of a holder of “Senior Indebtedness” (or other comparable term) pursuant to the subordination provisions applicable to such Subordinated Debt DocumentsDebt.

Appears in 1 contract

Samples: Revolving Credit Agreement (Boston Private Financial Holdings Inc)

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