Examples of Holder of Subordinated Indebtedness in a sentence
If requested by Agent after the occurrence of an Event, each Holder of Subordinated Indebtedness shall transfer, assign and endorse over to Agent the Subordinated Agreements, as collateral for the obligations hereunder of any Holders of Subordinated Indebtedness.
The provisions of this Agreement are solely to define the relative rights of any Holder of Subordinated Indebtedness and Agent.
Notwithstanding the foregoing, any amounts received by any Holder of Subordinated Indebtedness upon and after the occurrence of an Event shall be subject to the provisions of Section 2.2(c) hereof.
Subordinated Lender agrees that it shall not assign or transfer (other than to another existing Holder of Subordinated Indebtedness) any of the Subordinated Indebtedness or Liens without (i) prior notice being given to Agent and (ii) such assignment or transfer being made expressly subject to the terms of this Agreement.
Each Holder of Subordinated Indebtedness covenants that any transferee from it (other than another existing Holder of Subordinated Indebtedness) of any Subordinated Indebtedness shall, prior to acquiring such interest, execute and deliver a counterpart of this Agreement to each other party hereto.