Subordination to Loan Facility Agreements Sample Clauses

Subordination to Loan Facility Agreements. 8.1 Anything in this Agreement to the contrary notwithstanding, the amount outstanding hereunder is subordinate and junior to all indebtedness due under or pursuant to (a) that certain facility agreement dated September 22, 2000, as amended from time to time (the "U.S. $440 Million Facility Agreement" and all terms used but not defined herein to be used as defined therein) between Stolt Comex Seaway Finance B.X. (the "SCSFBV"), SOSA, as guarantor, the Bankx, xhe Arrangers, Den norske Bank ASA in its capacity as agent and security trustee (in such capacities the "Agent"), Bank of America N.A., Citibank N.A., and others, as the syndication agents and joint book managers, and IN- Barings LLC, as documentation agent, (b) to that certain facility agreement dated July 9, 2002, as amended from time to time (the "U.S. $100 Million Facility Agreement") between the SCSFBV, SOSA, the banks lixxxx in Schedule 1 thereto as lenders and Nordea (acting through Nordea Bank Norge ASA, Grand Cayman Branch) in its capacity as agent and security trustee, and (c) that certain guarantee facility agreement dated 21 August 2003 (the "44 Facility Agreement") between SCSFBV, the SOSA, the banks listed in Scxxxxle 1 thereto and Den norske Bank ASA as facility agent, security trustee and issuing bank (the "44 Agent" (the "44 Debt"), The terms of said subordination, including restrictions on repayment of principal and payment of interest are set forth in the 50M Note and are incorporated herein. 8.2 Lender and SOSA agree to take all such xxxxs as are necessary to effect and maintain the aforesaid subordination.
Sample 1
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Related to Subordination to Loan Facility Agreements

  • 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.

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof:

  • Credit Agreements Schedule II is a complete and correct list, as of the date of this Agreement, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Material Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $150,000,000 and the aggregate principal or face amount outstanding or which may become outstanding under each such arrangement is correctly described in Schedule II.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

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