Examples of Existing Subordination Agreement in a sentence
This Agreement is entitled to all of the rights and benefits originally pertaining to the Existing Subordination Agreement and such rights as such rights and benefits may have been amended as provided in the Credit Agreement.
This Agreement is not intended to constitute, and does not constitute, an interruption, suspension of continuity, discharge of prior duties, termination, novation or satisfaction of the obligations or liabilities represented by the Existing Subordination Agreement.
This Agreement amends and restates the Existing Subordination Agreement.
It is a condition precedent to the Credit Agreement that the Companies and the Administrative Agent enter into this Agreement for the purpose of amending and restating the Existing Subordination Agreement.
This is because when emotional information is presented subliminally, it is processed independently from attention and also rapidly, automatically and unconsciously (Pessoa and Adolphs, 2010).
On the date of this Agreement, each Existing Subordination Agreement is terminated and the terms thereof are immediately replaced by the terms of this Agreement.
This Agreement amends and restates in its entirety the Existing Subordination Agreement and is not and shall not constitute a novation thereof.
The parties hereto previously entered into that certain Subordination Agreement, dated June 24, 2014 {as amended prior to the date hereof, the “Existing Subordination Agreement”), and the parties desire to amend and restate the Existing Subordination Agreement as hereinafter set forth.
This Agreement shall amend and restate the Existing Subordination Agreement in its entirety and the rights and obligations of the parties under the Existing Subordination Agreement shall be subsumed within, and be governed by, this Agreement; provided, however, that this Agreement shall not be deemed to evidence or result in a novation of the obligations of the Subordinated Creditors under the Existing Subordination Agreement.
The Existing Subordination Agreement is, subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, hereby amended as of the date set forth above by inserting the following language at the end of Section 3 of the Existing Subordination Agreement: “Notwithstanding anything herein to the contrary, the Loan Parties shall be permitted to repay any of the Subordinated Debt in accordance with the Loan Agreement.” Section 4.