Permitted Subordinated Loans definition

Permitted Subordinated Loans means unsecured Funded Debt of the Principal Borrower owing to KMI or other Related Parties provided:

Permitted Subordinated Loans. Any subordinated loans made by the Equity Contributors to the Borrower, on terms and conditions satisfactory to the Loan Servicer in its sole discretion.

Permitted Subordinated Loans means any subordinated loans made by any Affiliate of the Borrower to the Borrower in lieu of purchasing Equity Interests, on the terms and conditions set forth in the Sponsor Support Agreement, and which subordinated loans have been pledged in favor of the Collateral Agent for the benefit of the Secured Parties and subject to the terms of the Intercompany Subordination Agreement or other subordination terms in form and substance satisfactory to DOE.

Examples of Permitted Subordinated Loans in a sentence

• The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien, security interest or claim on or to the Collateral, other than the security interests created under this Agreement, Permitted Subordinated Loans or Permitted Junior Participation Interests, and the Borrower will defend the right, title and interest of the Agent and the Secured Parties in and to any of the Collateral against the claims and demands of all persons whomsoever.

• Each of the Lenders hereby authorizes the Agent to execute and deliver on behalf of the Lenders the Collateral Agency and Intercreditor Agreement, the Equity Nomination and Support Agreement, any subordination agreement required in connection with Permitted Subordinated Loans and any document or instrument contemplated in connection therewith, in each case, to the extent this Agreement does not otherwise require the consent of the Required Lenders or all Lenders therefor.

• Each of the Lenders hereby authorizes the Agent to execute and deliver on behalf of the Lenders the Collateral Agency and Intercreditor Agreement, any subordination agreement required in connection with Permitted Subordinated Loans and any document or instrument contemplated in connection therewith, in each case, to the extent this Agreement does not otherwise require the consent of the Required Lenders or all Lenders therefor.

More Definitions of Permitted Subordinated Loans

Permitted Subordinated Loans. Any subordinated loans made by the Equity Investor to the Borrower in lieu of purchase of Equity Interests, on the terms and conditions set forth in the Equity Funding Agreement.

Permitted Subordinated Loans means such loans as the Borrower may borrow, refinance, amend and replace from time to time for the purpose of funding the acquisition of new capital markets businesses (including the acquisition contemplated by the Asset Purchase Agreement) so long as such loans satisfy each of the following requirements: (i) the use of proceeds is limited to funding capital and liquidity requirements and general corporate purposes of the Borrower’s U.S. Broker-Dealer Subsidiary, (ii) the aggregate outstanding amount of such loans does not exceed $100,000,000 at any time outstanding, (iii) the creditors, agents and other parties involved in such loan have recourse only to the Borrower and its Subsidiaries that are Guarantors under this Amended Credit Agreement and their respective assets and properties, (iv) such loans are subordinate in right of payment, collateral and upon liquidation to the prior payment in full of all Indebtedness owed to the Lenders under this Amended Credit Agreement on terms and conditions satisfactory to the Administrative Agent or Required Lenders and (v) no principal payments are due (whether as a result of amortization or mandatory prepayments) until at least 180 days after the Maturity Date.

Permitted Subordinated Loans means unsecured Indebtedness incurred by any Loan Party that is expressly subordinated in right of payment to the Obligations on terms and conditions satisfactory to the Administrative Agent in its reasonable discretion.

Permitted Subordinated Loans means, to the extent permitted by the terms of the TIFIA Loan Agreement and, if applicable, any Pari Passu Loan Agreement, unsecured Indebtedness of the Borrower.