Subordinate Lenders definition

Subordinate Lenders has the meaning ascribed thereto in Section 3.01(k);

Subordinate Lenders means, the Seller with respect to the Seller Loan, and the foregoing is a “Subordinate Lender.”

Subordinate Lenders means, collectively, the lenders of the Subordinate Debt, each being referred to as a “Subordinate Lender,” as the context may require.

Examples of Subordinate Lenders in a sentence

• The Subordinate Loan Documents are in full force and effect and the Borrower has paid all commitment fees and other amounts due and payable to the Subordinate Lender(s) thereunder.

• If the Subordinate Lender fails to deliver the Exercise Notice to the Senior Lender within such ten (10) Business Day period, the Subordinate Lender shall be deemed to have elected not to exercise the Purchase Option with respect to the applicable Default Notice, provided that such election shall not prejudice the Subordinate Lender's right to exercise the Purchase Option in the event of the delivery of any subsequent Default Notices.

• Subordinate Lenders hereby acknowledge and agree that they are willing to and hereby do subordinate the Subordinate Obligations and the collateral securing such obligations to the Senior Obligations.

• Discussion The following sections of the Code are proposed for modification: 1.

• Subsequent to the delivery of the Remedy Notification and the resulting formation of the Lenders Committee, then, until the date the Senior Obligations are Paid in Full, Subordinate Lenders shall not exercise any Remedy without either (a) direction or approval by the Lenders Committee or (b) express approval provided herein.

More Definitions of Subordinate Lenders

Subordinate Lenders means the entities making the Subordinate Loans.

Subordinate Lenders means those lenders from time to time party to the

Subordinate Lenders means WOF, Xxxxxx, Xxxxx and White collectively;

Subordinate Lenders. – means, individually or collectively as the context

Subordinate Lenders means, collectively, the Issuer with respect to the Issuer Loan, and the Seller with respect to the Seller Loan, and each of the foregoing is a “Subordinate Lender.”

Subordinate Lenders means the County, the City, Sponsor and any other subordinate lender now or hereafter approved by Bondowner Representative.

Subordinate Lenders means, collectively, the Governmental Lender (in its capacity as lender with respect to the Loan, as such term is defined in the Construction Funding Agreement), and the City of Walnut Creek, California (in its capacity as lender with respect to the Loan, as such term is defined in the Construction Funding Agreement).