Examples of Junior Creditor Documents in a sentence
The provisions of this Agreement are intended by the parties to control any conflicting provisions in the Senior Creditor Documents or the Junior Creditor Documents, including any covenants prohibiting further borrowing or encumbrances of Collateral.
This Agreement shall continue in full force and effect and shall be irrevocable by any party hereto until the earliest to occur of the following: (i) the parties hereto in writing mutually agree to terminate this Agreement; (ii) the Junior Creditor Obligations are fully paid and discharged and the Junior Creditor Documents are terminated; or (iii) the Senior Creditor Obligations are fully paid and discharged and the Senior Creditor Documents are terminated.
Junior Creditor acknowledges and agrees that the terms and provisions of this Agreement do not violate any term or provision of any of the Junior Creditor Documents.
Junior Creditor hereby acknowledges Eltrax's (and each other Borrower's) grant of Liens in the Collateral to Agent as security for the Senior Creditor Obligations and agrees that the existence of any such Liens shall not constitute an Event of Default under any of the Junior Creditor Documents.
The Junior Creditor will not agree to any amendment, restatement or other modification of any Junior Creditor Documents, including, without limitation, the Subordinated Note, without the prior written consent of the Senior Creditors.
Title: SANUWAVE SERVICES, LLC Title: This Affirmation of Intercreditor Agreement (this “Affirmation”) is executed by and between Xxxxxxx Capital Finance, a division of Independent Bank (together with its successors and permitted assigns, “Senior Creditor”), and NH Expansion Credit Fund Holdings LP, as Agent for the Holders (under and as defined in the Junior Creditor Documents (as defined below)) (together with its successors and permitted assigns, “Junior Creditor”), as of February 25, 2022.
This Agreement shall continue in full force and effect and shall be irrevocable by any party hereto until the earliest to occur of the following: (i) the parties hereto in writing mutually agree to terminate this Agreement; (ii) the Junior Creditor Obligations are fully discharged and the Junior Creditor Documents are terminated; or (iii) the Senior Creditor Obligations are fully paid and discharged and the Senior Creditor Documents are terminated.
The consent by the Senior Creditors to the execution and delivery of the Junior Creditor Documents and the grant to the Collateral Agent on behalf of the Junior Creditors of a Lien on the Common Collateral and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Creditors to any Grantor shall be deemed to have been given and made in reliance upon this Agreement.
Junior Creditor represents and warrants that as of the date hereof, the aggregate principal amount of indebtedness due and owing from Infiniti and guaranteed by Borrower to Junior Creditor is Fifteen Million and 00/100 Dollars ($15,000,000.00) and such amount is evidenced by the Junior Creditor Documents.
Such activity created an immediately apparent danger to the safety of other motorists on 421 that Byardand others attempted to alleviate by actual physical effort.