Senior Subordination Agreement means that certain Subordination Agreement dated as of the date hereof, among Agent and Lenders (as senior lenders), Senior Subordinated Creditor (as junior lender) and the Credit Parties, in form and substance reasonably satisfactory to Agent, as the same may from time to time be amended, restated or otherwise modified.
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.
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.
Examples of Senior Subordination Agreement in a sentence
This Note and the other Notes Documents and all rights, remedies and obligations under this Note and the other Notes Documents are subject to the Amended and Restated Senior Subordination Agreement, dated as of April 30, 2009, by and among the Holders, the Collateral Agent and CapitalSource Finance LLC in the form attached hereto as Exhibit B, as it may be amended or modified from time to time in accordance with the terms thereof (the “Intercreditor Agreement”) and the ComVest Subordination Agreement.
This Note and the other Notes Documents and all rights, remedies and obligations under this Note and the other Notes Documents are subject to the Amended and Restated Senior Subordination Agreement, dated as of April 30, 2009 by and among the Holders, the Collateral Agent and CapitalSource Finance LLC (the “Intercreditor Agreement”).
The lien upon such policy shall be of first priority and shall not be subject to any restriction under the Senior Subordination Agreement.
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 security interest in such Equity Interests shall be of first priority and shall not be subject to any restriction under the Senior Subordination Agreement except as Lenders and Collateral Agent may otherwise agree.
More Definitions of Senior Subordination Agreement
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. 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.
Senior Subordination Agreement means the amended and restated subordination agreement dated as of the Closing Date between the Senior Administrative Agent, the Agent, the Borrower and each of the Restricted Subsidiaries, as may be amended, restated, 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 Compensation Plan, the Restricted Share Grant Plan, the PB Plan or the Deferred Compensation Plan. “ Share Compensation Plan ” means the 2020 share compensation plan pursuant to which common shares of the Borrower are granted to directors, officers and full - time employees of and service providers to the Borrower, and its Subsidiaries and Affiliates, as supplemented, amended or restated from time to time. “ Shell Energy ” means Shell Energy North America (Canada) Inc., formerly known as Coral Energy Canada Inc. “ Sold Unbilled Accounts Receivable ” means all present and future amounts that have not yet been billed to a Customer in respect of gas, electricity or JustGreen Products that has been delivered to such Customer pursuant to a Customer Contract and which have been assigned or sold to an LDC concurrently with the delivery of such gas, electricity or JustGreen Products and which are subject to a Collection Service Agreement. “ Specified Canadian Pension Plan ” means any Canadian Pension Plan which contains a “defined benefit provision”, as defined in subsection 147.1(1) of the Income Tax Act (Canada). “ Specified Lender ” mean the entity disclosed by the Borrower to the Agent on the confidential schedule delivered prior to the Closing Date, together with its affiliates (including funds and accounts for which it serves as investment manager or advisor). “ Subsidiary ” means, at any time, as to any Person, any other Person, if at such time the first mentioned Person owns, directly or indirectly, alone or together with one or more of its Affiliates, securities or other ownership interests in such other Person having ordinary voting power to elect a majority of the board of directors or persons performing similar functions for
Senior Subordination Agreement means the Subordination Agreement dated the Closing Date among the Agent, the Junior Note Purchaser and the Note Purchaser and acknowledged by the Related Parties.
Senior Subordination Agreement means that certain Subordination and Intercreditor Agreement dated as of July 17, 2012, by and between the Purchaser and the Senior Lender, as the same may be amended, modified, supplemented or restated from time to time in accordance with the terms hereof.