Payment Subordination Agreement definition

Payment Subordination Agreement has the meaning assigned to such term in the definition of “Permitted Junior Intercreditor Agreement”.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by Guarantor in favor of Agent Bank on behalf of the Lenders on or before the Closing Date in the form of the Payment Subordination Agreement marked "Exhibit I", affixed hereto and by this reference incorporated herein and made a part hereof.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each
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Examples of Payment Subordination Agreement in a sentence

  • Payment Subordination Agreement (for each Subordinated Debt incurred as of the Closing Date).

  • Until Credit Facility Termination, Borrowers and Guarantor shall fully perform and comply with all covenants, terms and conditions imposed or assumed by Borrowers and Guarantor under the Payment Subordination Agreement executed in connection with the Subordinated Debt.

  • Unless otherwise defined herein, capitalized terms used in ----------- this Amendment have the meanings provided in the Payment Subordination Agreement, as amended.

  • Report the amount of any payments made on the CCVLLC Subordinated Note during the fiscal period under review: Interest $______________ Principal $______________ Requirement: Only allowed to extent permitted in the Payment Subordination Agreement (CCVLLC).

  • LDI CORPORATION By: ------------------------------- Title: ----------------------------- EXHIBIT C --------- SEVERANCE PAYMENT SUBORDINATION AGREEMENT This Severance Payment Subordination Agreement (this "Agreement") is entered into between THOMXX X.

  • Subordinated Debt, the rate of interest and repayment terms of which are first approved in writing by Agent Bank and for which a Payment Subordination Agreement has been first executed in favor of Agent Bank on behalf of Lenders.

  • The Credit Agreement (as defined in Section --------------------- I(D) and all other documents executed in connection therewith constitute the only "Superior Indebtedness" of the Purchaser as that term is used in the Note Subordination Agreement (as hereinafter defined) and the Contingent Payment Subordination Agreement (as hereinafter defined).

  • Xxxter, the Purchaser and the Company shall have executed and delivered a Severance Payment Subordination Agreement in the form of Exhibit C attached to this amendment.

  • The Purchaser's credit facility with NationsBank, National Association pursuant to a Credit Agreement dated as of April 9, 1998 constitutes the only "Superior Indebtedness" of the Purchaser as that term is used in the Note Subordination Agreement (as hereinafter defined) and the Contingent Payment Subordination Agreement (as hereinafter defined).

  • By:________________________________ Title:_____________________________ The Borrower hereby accepts and acknowledges receipt of a copy of the foregoing Severance Payment Subordination Agreement and agrees that it will not pay any of the Indebtedness (as defined in the foregoing Agreement) owing by it to Robexx X.


More Definitions of Payment Subordination Agreement

Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each Subordinated Debt Holder intending to loan or advance all or any portion of the Subordinated Debt to Borrower, which shall be executed in favor of Agent Bank on behalf of the Lenders prior to any such loan or advance of funds under the Subordinated Debt in the form of the Payment Subordination Agreement marked "Exhibit P", affixed to the Second Amendment and by this reference incorporated herein and made a part hereof.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each Subordinated Debt Holder intending to loan or advance all or
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Related to Payment Subordination Agreement

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Affiliate Subordination Agreement means an Affiliate Subordination Agreement in the form of Exhibit B pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • 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.

  • Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Subordination Agreement means any subordination agreement in form and substance satisfactory to Administrative Agent entered into from time to time with respect to Subordinated Debt.

  • Payment Agreement means a written agreement which provides

  • Designation Agreement means a designation agreement entered into by a Lender (other than a Designated Bidder) and a Designated Bidder, and accepted by the Agent, in substantially the form of Exhibit D hereto.

  • Repayment Agreement means an agreement

  • Termination Agreement has the meaning set forth in the Recitals.

  • Notice of Replacement Subordination Agent has the meaning specified in Section 3.08.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Senior Subordinated Note Indenture means the Indenture dated as of May 12, 2009, between the Company and U.S. Bank National Association, as trustee, in respect of the 2020 Senior Subordinated Notes and the 2023 Senior Subordinated Notes, as supplemented and amended from time to time.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Subordination Deed means a subordination deed entered into or to be entered into by, inter alia, each Subordinated Creditor and the Agent in agreed form;

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Netting Agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.

  • Collateral Assignment Agreement has the meaning set forth in Section 10.05.

  • Intercreditor Agreement Joinder means an agreement substantially in the form of Exhibit A.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Bailee Agreement means a Bailee Agreement among Seller, Buyer and Bailee in the form of Exhibit IV hereto.

  • Disbursement Agreement that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.