Transfer of Subordinated Debt. No Obligor may assign or transfer its rights and obligations in respect of the Subordinated Debt without the prior written consent of Agent, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form reasonably satisfactory to Agent.
Transfer of Subordinated Debt. (a) The Credit Union or its duly appointed agent shall maintain a register (the “Subordinated Securities Register”) for the Subordinated Debt in which it shall register the issuance and transfer of the Subordinated Debt. All transfers of the Subordinated Debt shall be recorded on the Subordinated Securities Register maintained by the Credit Union or its agent, and the Credit Union shall be entitled to regard the registered Holder of such Subordinated Security as the actual owner of the Subordinated Security so registered until the Credit Union or its agent is required to record a transfer of such Subordinated Security on its Subordinated Securities Register. The Credit Union or its agent shall, subject to applicable securities laws, be required to record any such transfer when it receives the Subordinated Security to be transferred duly and properly endorsed by the registered Holder or by its attorney duly authorized in writing.
(b) The Credit Union shall at any time, upon written request of the Holder of Subordinated Security and surrender of the Subordinated Security for such purpose, at the expense of the Credit Union, issue new Subordinated Debt in exchange therefor in such denominations of at least $1,000, as shall be specified by the Holder of such Subordinated Security, in an aggregate principal amount equal to the then unpaid principal amount of the Subordinated Debt surrendered and substantially in the form of Annex A, with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Subordinated Security surrendered. All Subordinated Debt issued upon any registration of transfer of exchange pursuant to this Section 6.6(b) shall be valid obligations of the Credit Union, evidencing the same debt, and entitled to the same benefits under this Agreement, as the Subordinated Debt surrendered upon such registration of transfer or exchange.
(c) All Subordinated Debt presented for registration of transfer or for exchange or payment shall be duly endorsed by, or be accompanied by, a written instrument or instruments of transfer in a form satisfactory to the Credit Union duly executed by the Holder or such Holder’s attorney duly authorized in writing.
(d) No service charge shall be incurred for any exchange or registration of transfer of Subordinated Debt, but the Credit Union may require payment of a sum sufficient to cover any tax, fee or other governmental charge that may be imposed in connection therew...
Transfer of Subordinated Debt. No Creditor may assign or transfer its rights and obligations in respect of the Subordinated Debt without the prior written consent of Agent, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form satisfactory to Agent.
Transfer of Subordinated Debt. Each Obligor may not assign or transfer its rights and obligations in respect of the Subordinated Debt except to another Obligor without the prior written consent of Agent, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form satisfactory to Agent.
Transfer of Subordinated Debt. The Creditor shall not sell, pledge, assign or otherwise transfer, at any time while this Agreement remains in effect, any rights, claim or interest of any kind in or to any of the Junior Debt, either principal or interest, without first notifying Silicon and making such transfer expressly subject to this Subordination Agreement in form and substance satisfactory to Silicon. The Creditor represents and warrants to Silicon that the Creditor has not sold, pledged, assigned or otherwise transferred any of the Junior Debt, or any interest therein or collateral or security therefor to any other person. The Creditor will concurrently endorse all notes and other written evidence of the Junior Debt with a statement that they are subordinated to the Senior Debt pursuant to the terms of this Agreement, in such form as Silicon shall require, and the Creditor will exhibit the originals of such notes and other written evidence of the Junior Debt to Silicon so that Silicon can confirm that such endorsement has been made (but no failure to do any of the foregoing shall affect the subordination of the Junior Debt provided for herein, which shall be fully effective upon execution of this Agreement).
Transfer of Subordinated Debt. The Creditor may not assign or transfer its rights and obligations under the Note Purchase Agreement or the Subordinated Note or any interest in the Subordinated Debt or any collateral therefor without the prior written consent of the Required Secured Parties, and any such transferee or assignee, as a condition to acquiring the Subordinated Note or interest in the Subordinated Debt or collateral shall agree to be bound hereby, in form satisfactory to the Collateral Agent and the
Transfer of Subordinated Debt. The Creditors shall not sell, pledge, assign or, otherwise transfer, at any time while this Agreement remains in effect, any rights, claim or interest of any kind in or to any of the Junior Debt, either principal or interest, without first notifying
Transfer of Subordinated Debt. The Creditor may not assign or transfer its rights and obligations under the Note Purchase Agreement or the Subordinated Note or any interest in the Subordinated Debt or any collateral therefor without the prior written consent of the Required Secured Parties, and any such transferee or assignee, as a condition to
Transfer of Subordinated Debt. Except as expressly permitted by the Credit Agreement (assuming, solely for purposes of this Section 11, that each Subordinated Creditor is a Loan Party under the Credit Agreement), no Subordinated Creditor may assign or transfer its rights and obligations in respect of the Subordinated Debt without the prior written consent of the Agent, provided that any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form reasonably satisfactory to the Agent.
Transfer of Subordinated Debt. Except as expressly permitted by the Credit Agreement, Guarantor may not assign or transfer its rights and obligations in respect of the Subordinated Debt without the prior written consent of Agent, provided that any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form reasonably satisfactory to Agent.
