Existing Subordination Agreement definition
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 amends and restates the Existing Subordination 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.
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.
Hallmark Cards represents and warrants that all of the support obligations described in Section 6 of the Existing Subordination Agreement have been satisfied on or prior to the date of execution of this Agreement.
The Union recognizes that it must represent all employees in the bargaining unit equally, without discrimination, irrespective of membership or non-membership in the Union.
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.
The parties hereto agree that the Senior Documents and Subordinated Documents remain in full force and effect and any reference to the Existing Subordination Agreement in any Senior Document or any Subordinated Document shall be deemed to reference this Agreement.
This Agreement amends, restates and supersedes in its entirety the Existing Subordination Agreement.
Upon the Effective Date, the Existing Subordination Agreement is hereby amended by amending and restating the definition of “Borrower” therein to mean and refer to individually and collectively, as context so requires, both Existing Borrowing and New Borrower.