Management Fee Subordination Agreement definition

Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

Management Fee Subordination Agreement means a Management Fee Subordination Agreement substantially in the form of Exhibit F between the Manager (or, as contemplated by Section 8.11, any other Person to whom the Borrowers or any of their Subsidiaries may be obligated to pay Management Fees), the Borrowers and the Administrative Agent, as the same shall be modified and supplemented and in effect from time to time.

Management Fee Subordination Agreement means the Management Fee Subordination Agreement dated as of the Closing Date among Comvest Advisors LLC, Operating Advisory Group, LLC and Agent, and consented to by the Loan Parties, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Examples of Management Fee Subordination Agreement in a sentence

• Each Lender further agrees to be bound by the terms and conditions of the Intercreditor Agreement, Seller Debt Subordination Agreement, Sponsor Debt Subordination Agreement, Management Fee Subordination Agreement and any other subordination or intercreditor agreement pertaining to the Revolving Loan Documents or any other Subordinated Debt.

• The subordination provisions of the Management Fee Subordination Agreement shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable subordinated obligations covered thereby.

• No Loan Party shall amend or otherwise modify, or waive any rights under (i) any Closing Date Acquisition Document in any manner materially adverse to Lender, (ii) any Subordinated Debt Document, except as permitted under the applicable subordination agreement to which Lender is a party or (iii) the Sponsor Management Agreement, except as permitted under the Management Fee Subordination Agreement.

• Each Lender hereby irrevocably appoints, designates and authorizes the Agent to enter into the Intercreditor Agreement, Seller Debt Subordination Agreement, Sponsor Debt Subordination Agreement, Management Fee Subordination Agreement, and any other subordination or intercreditor agreement pertaining to the Revolving Loan Documents or any other Subordinated Debt, on its behalf and to take such action on its behalf under the provisions of any such agreement.

• The undersigned further acknowledge and agree that the foregoing Management Fee Subordination Agreement may be modified and amended at any time or times without notice to or the consent of the undersigned and that the undersigned is not an intended beneficiary of any of the rights, benefits or privileges granted to the Lender pursuant to such Agreement.

More Definitions of Management Fee Subordination Agreement

Management Fee Subordination Agreement means an agreement satisfactory to the Administrative Agent in form and substance among the Administrative Agent and the parties to the Management Fee Documents that subordinates the obligations of the Borrower under the Management Fee Documents to the Obligations upon the occurrence and continuation of an Event of Default and the commencement of an exercise of remedies against any portion of the Collateral by the Administrative Agent.

Management Fee Subordination Agreement shall have the meaning set forth in Section 7.18 hereof.

Management Fee Subordination Agreement means a management fee subordination agreement, dated as of even date with this Agreement, among the Sponsor, Holdings, Borrower and Administrative Agent.

Management Fee Subordination Agreement means a Subordination Agreement between the Manager, the Borrower and the Administrative Agent in substantially the form of Exhibit F, as said Agreement shall, subject to Section 6.14, be modified and supplemented and in effect from time to time.

Management Fee Subordination Agreement the Management Fee Subordination Agreement, dated as of the Closing Date, among the Loan Parties, Wynn Resorts, the 2014 Notes Indenture Trustee and the Administrative Agent.

Management Fee Subordination Agreement means that certain Management Fees Subordination Agreement among Agent, the managers and Borrowers executed in connection herewith, as the same may be amended, modified, restated or supplemented from time to time.

Management Fee Subordination Agreement means a Management Fee Subordination Agreement substantially in the form of Exhibit J among the Sponsors, Borrower, Subsidiary Guarantors and the Collateral Agent.