Junior Liabilities definition

Junior Liabilities means all obligations of Buyer to the Holder under this Note.

Junior Liabilities means all Liabilities to any of the Junior Creditors from time to time outstanding pursuant to the Junior Loan Documents (including, without limitation, all principal, interest, fees, Liabilities relating to or arising out of any warrants or other any equity interests in any Debtor, Liabilities arising out of any guarantees, and all indemnities, costs, and expenses).

Junior Liabilities means all obligations of the Purchaser to the Seller under this Note and under all similar notes issued by the Purchaser to the Seller in connection with any previous or future securitization transactions.

Examples of Junior Liabilities in a sentence

• Any and all loans made by the Subordinated Lenders to the Company and/or any of its Subsidiaries, together with all other obligations of the Company and/or any of its Subsidiaries to any Subordinated Lender (in each case, including any interest, fees or penalties related thereto), howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent or now or hereafter existing, or due or to become due are referred to as "Junior Liabilities".

• The obligations under this Note are expressly subordinated in right of payment to the payment and performance of the Senior Interests, and any payment hereunder is pari passu in right of payment and performance to all other Junior Liabilities, to the extent and in the manner set forth in the following clauses of this Section 7 (the “Subordination Provisions”).

• Notwithstanding the failure to execute or deliver any such agreement, the subordination effected hereby shall survive any sale, assignment, disposition or other transfer of all or any portion of the Junior Liabilities, and the terms of this Agreement shall be binding upon the successors and assigns of the Junior Creditors.

• To the extent and in the manner hereinafter set forth in this Agreement, the Junior Liabilities are hereby expressly made subordinate, junior and subject in right of payment to the full and final payment of the Senior Liabilities in cash.

• The Debtors shall not, and shall procure that no other member of the Group will, make, and the Junior Lenders shall not with actual knowledge accept, any Payments of the Junior Liabilities at any time unless that Payment is permitted under Clause 4.3 (Permitted Payments: Junior Liabilities).

More Definitions of Junior Liabilities

Junior Liabilities means all obligations of the Initial Purchaser to the Originator under this Note.

Junior Liabilities means at any time, all present and future liabilities and obligations at any time, of Tianjin Shuzhi, the Offshore Guarantor, the Borrower and/or any member of the Group to the Junior Investor in respect of the Junior Preferred Shares and the Junior Investment Documents, both actual and contingent and whether incurred solely or jointly or in any other capacity.

Junior Liabilities means all obligations of the Sponsor to the Servicer under this Note.

Junior Liabilities. (which term shall not include any Liabilities to the undersigned arising from any other arrangement or transaction, including without limitation, liabilities relating to purchase of products from the undersigned and its affiliates); it being expressly understood and agreed that the term "Senior Liabilities", as used herein, shall include, without limitation, any and all interest accruing on any of the Senior Liabilities after the commencement of any proceedings referred to in paragraph 6 hereof, notwithstanding any provision or rule of law which might restrict the rights of Lender, as against Borrower or anyone else, to collect such interest. Copies of all instruments, agreements and documents representing the Junior Liabilities currently in existence are attached hereto as Schedule A (the "Subordinated Debt Documents"). The undersigned agrees that the Purchase Agreement and the Convertible Note shall not be amended or restated without the prior written consent of Lender.

Junior Liabilities is defined in Section 2.7(a).

Junior Liabilities means any and all liability or obligation of Company to make any penalty or liquidated damages payment (or payment of any other kind) to Investor under and pursuant to Section 2.1 of the Investor Rights Agreement.

Junior Liabilities means the principal of and interest on the indebtedness evidenced by the Subordinated Note and any note issued in renewal thereof or substitution therefor and all other indebtedness, obligations and liabilities of PXP to the Parent arising under the Subordinated Loan Agreement as the same may from time to time be amended or modified.