Sponsor Subordination Agreement definition

Sponsor Subordination Agreement means the Subordination Agreement dated as of the Closing Date between Sponsor and Agent, and consented to by the Loan Parties, as may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.
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Sponsor Subordination Agreement means that certain Subordination Agreement (Sponsor) dated as of the date hereof, by and among Borrower, Bondowner Representative and Sponsor and recorded in the Official Records substantially concurrently with the Deed of Trust.
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Sponsor Subordination Agreement means a subordination agreement between Agent and Sponsor in form and substance reasonably satisfactory to Agent.
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Examples of Sponsor Subordination Agreement in a sentence

  • Except as specifically noted herein, nothing herein shall in any way modify or limit the effect of terms or conditions set forth in any other Transaction Document, including without limitation the Sponsor Contribution Agreements and the Sponsor Subordination Agreement, executed by Completion Guarantor or any other document, instrument or agreement executed by Completion Guarantor in connection with the Project, but each and every term and condition hereof shall be in addition thereto.

  • Except as specifically noted herein, nothing herein shall in any way modify or limit the effect of terms or conditions set forth in any other transaction document, including without limitation the Sponsor Subordination Agreement, executed by Completion Guarantor or any other document, instrument or agreement executed by Completion Guarantor in connection with CityCenter, but each and every term and condition hereof shall be in addition thereto.

  • Completion Guarantor hereby agrees that all indebtedness now or hereafter owed by Borrower or any of its Subsidiaries to Completion Guarantor or any of its Subsidiaries shall be subordinated in right of payment to the Senior Indebtedness (as defined in the Sponsor Subordination Agreement) as and to the extent provided in the Sponsor Subordination Agreement, and all such present or future indebtedness of Borrower or any of its Subsidiaries shall be subject to the Sponsor Subordination Agreement.

  • If any such additional contributions are in the form of Sponsor Subordinated Debt, Borrower shall issue a Sponsor Subordinated Note in the amount of such contribution, Sponsor or its Subsidiary that funds such contribution shall execute a joinder to the Sponsor Subordination Agreement (unless such Person already is a party thereto) and all such additional Sponsor Subordinated Debt contributions shall constitute Subordinated Indebtedness (as defined in the Sponsor Subordination Agreement).

  • Sponsor may delegate its obligation to fund Equity Contributions to any of its wholly-owned direct or indirect Subsidiaries so long as such Subsidiary is a party to the Sponsor Subordination Agreement; provided, however, under no circumstances shall such delegation relieve Sponsor of its obligations under this Agreement.

  • A true, correct and complete copy of the documentation evidencing the additional Permitted Sponsor Acquisition Subordinated Debt to be incurred by Xxxxx Solutions as of the date hereof (the “New ASE Loan Agreement”), together with a duly executed amendment to the Sponsor Subordination Agreement among Xxxxx Solutions Europe, Agent and Xxxxx Solutions, in form and substance satisfactory to the Co-Collateral Agents.

  • The repayment obligations of Borrower under each Sponsor Subordinated Note shall be subordinated to the Secured Obligations, as set forth in the Sponsor Subordination Agreement.


More Definitions of Sponsor Subordination Agreement

Sponsor Subordination Agreement means that certain Sponsor Subordination Agreement (as amended, restated, supplemented, or otherwise modified from time to time), dated as of August 26, 2015, by and among ACON Equity Partners III, L.P., RMH Franchise Holdings, Inc. and RMH Franchise Corporation and Bank of America, N.A.
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Sponsor Subordination Agreement the subordination agreement in form and substance acceptable to Agent executed and delivered by the Sponsor and Borrower Agent to Agent upon the incurrence of the Sponsor Subordinated Debt. Stockholders Agreement: the Stockholders Agreement dated as of the date hereof, by and among the holders of Equity Interests of the Parent, as in effect on the Closing Date.
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Sponsor Subordination Agreement means that certain Subordination Agreement (Sponsor Loan) dated as of the date hereof, by and among Borrower, Bondowner Representative and Sponsor and recorded in the Official Records substantially concurrently with the Deed of Trust.
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Sponsor Subordination Agreement means that certain Intercreditor Agreement dated as of March ___, 2008 by and between Sun and Collateral Agent, which is in form and substance satisfactory to Collateral Agent.
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Sponsor Subordination Agreement shall have the meaning ascribed thereto in the eighth recital to this Loan Agreement.
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Related to Sponsor Subordination Agreement

  • 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.

  • 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.

  • 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.

  • Sponsor Agreement has the meaning specified in the Recitals hereto.

  • 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.

  • Sponsor Support Agreement has the meaning set forth in the recitals to this Agreement.

  • 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.

  • 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;

  • 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.

  • Senior Subordinated Indenture means the Indenture dated as of October 15, 1997 between the Company and State Street Bank and Trust Company, as trustee, as from time to time amended, restated, supplemented or otherwise modified.

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

  • 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.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Repayment Agreement means an agreement

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

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • 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.

  • Investor Agreement means the Investor and Registration Rights Agreement, dated as of August 10, 2021, by and among the Company, the Peridot Class B Holders and the Li-Cycle Holders.

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Eligible Subordinated Debt means, at any time in respect of any issuer, each series of the issuer’s then-outstanding long-term indebtedness for money borrowed that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks subordinate to the issuer’s then outstanding series of indebtedness for money borrowed that ranks most senior, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding subordinated long-term indebtedness for money borrowed that satisfies the requirements in clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

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