Examples of Manager Subordination Agreement in a sentence
On the Issue Date, the Company and Harrxx'x Xxxagement Company shall have duly authorized, executed and delivered a Subordination Agreement in the form of Exhibit J (as modified, supplemented or amended from time to time, the "Manager Subordination Agreement"), and the Manager Subordination Agreement shall be in full force and effect.
The Administrative Agent shall have received a duly executed Timber Manager Subordination Agreement, or a duly executed Reaffirmation of Timber Manager Subordination Agreement, as applicable, dated as of the date hereof, together with a copy of each Timberland Operating Agreement and its corresponding Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
To the extent required to be -------------------------------- executed and delivered pursuant to Section 8.14, each Manager Subordination Agreement is in full force and effect and all Obligations hereunder and under the other Credit Documents are within the definition of "senior debt" or any substantially similar definition contained in the subordination provisions of each Manager Subordination Agreement.
If at any time the Administrative Agent consents to the appointment of a new or additional timber manager, such new or additional manager and the applicable Loan Parties (and applicable Subsidiaries, if any) shall, as a condition of the Administrative Agent’s consent, execute an agreement either substantially in the form of the Timber Manager Subordination Agreement as of the Effective Date or in form and content acceptable to the Administrative Agent in its sole discretion.
Manager Subordination Agreement (Noteholders) K ...........................................................