Senior Subordination Agreement means the subordination agreement dated as of the date hereof between the Senior Administrative Agent, the Senior Collateral Agent, the Agent, the Borrower and each of the Restricted Subsidiaries, as amended, supplemented, modified or replaced from time to time.
Senior Subordination Agreement means the Subordination and Intercreditor Agreement, dated as of the Closing Date, by and among the Collateral Agent, the Lenders and the Senior Lender (and acknowledged by the Borrower), as the same may be amended, restated, supplemented or otherwise modified from time to time.
Senior Subordination Agreement means the Subordination Agreement, dated as of the Original Closing Date, between the Administrative Agent and the holders of the Senior Subordinated Notes, and acknowledged and agreed to by the Loan Parties, as amended by that certain Amendment No. 1 to Subordination Agreement, dated as of August 6, 2010 and as amended by that certain Amendment No. 2 to Subordination Agreement, dated as November 9, 2011.
Examples of Senior Subordination Agreement in a sentence
Without limitation of the foregoing, each Lender authorizes and directs the Collateral Agent to execute the Senior Subordination Agreement, the Collateral Documents, and the other Loan Documents to which the Collateral Agent is a party on behalf of the Lenders and to bind the Lenders by the provisions thereof, each of which has been approved and authorized by such Lender and by which such Xxxxxx hereby agrees to be bound (whether or not originally a party thereto).
Amend, modify or waive any of its rights under its Organization Documents, other than any amendment or modification permitted under Section 7.20, or (b) any Senior Loan Document (other than any amendment, modification, or waiver that is permitted under the terms of the Senior Subordination Agreement).
The Loans shall be subordinated to the Senior Indebtedness to the extent set forth in the Senior Subordination Agreement.
More Definitions of Senior Subordination Agreement
Senior Subordination Agreement means the Subordination Agreement dated as of the date hereof among the Purchasers, the Company, and the Senior Lender, or any such agreement with a Senior Lender in any refinancing permitted pursuant to Section 7.15.
Senior Subordination Agreement means a subordination agreement with a Senior Lender in form and substance approved and executed by Collateral Agent and Lenders, pursuant to which Collateral Agent's and each Lender's rights are made subordinate to the rights of the Senior Lender in certain respects. Without limiting in any respect Collateral Agent's and each Lender's discretion in approving other terms and conditions of a Senior Subordination Agreement, Collateral Agent and Lenders shall be under no obligation to consider such an agreement if it (i) permits Senior Debt exceeding 110% of the principal debt committed by the Senior Lender, (ii) imposes payment blockage or a remedies standstill without written notice to Lenders, (iii) imposes payment blockage for more than one hundred eighty (180) days on account of defaults other than monetary defaults, (iv) imposes a remedies standstill period that extends for more than one hundred eighty (180) days or that impairs Lenders' ability to charge the Default Rate or to obtain equitable relief for non-monetary breaches by Borrowers, (v) requires the release of Collateral Agent's security interest in consensual dispositions of Borrower's assets, (vi) permits the amendment of the senior loan documents without Collateral Agent's and each Lender's consent in any way that would make the documents less advantageous to Borrowers in any material respect, (vii) encumbers or restricts remedies regarding the key man life insurance on Xxxx Daily or the Equity Interests of i3 Verticals that are required to secure the Obligations, or (viii) materially impairs the ordinary rights that Collateral Agent and Lenders would have in a Borrower's bankruptcy case.
Senior Subordination Agreement means that certain Subordination Agreement, dated as of the Closing Date, between Administrative Agent, Senior Credit Agreement Agent and the Credit Parties.
Senior Subordination Agreement means Subordination and Intercreditor Agreement dated as of June 8, 2001 among Holdings, the Borrower, the Purchasers under the Senior Subordinated Loan Agreement, Agent and Canadian Agent, as amended on the Closing Date.
Senior Subordination Agreement. This term is defined in Section 11.1 of the Note Agreement.
Senior Subordination Agreement means the subordination agreement dated as of the Original Closing Date between the Senior Administrative Agent, the Senior Collateral Agent, the Agent, the Borrower and each of the Restricted Subsidiaries, as amended, supplemented, modified or replaced from time to time. “ Share Based Compensation ” means compensation paid by the Borrower to the directors, officers, full - time employees and service providers of the Borrower and the Borrower’s Subsidiaries and Affiliates in the form of common shares pursuant to the Share Option Plan, the Restricted Share Grant Plan, the PB Plan or the Deferred Compensation Plan. 30135002.5
Senior Subordination Agreement means that certain subordination agreement, dated as of the date hereof, by and between PFG and Senior Lender.