Subordinate Lienholders definition

Subordinate Lienholders means AGH Parent LLC and Bainbridge Energy Finance Fund LLC.
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Examples of Subordinate Lienholders in a sentence

  • For the avoidance of doubt, the Subordinate Lienholders and their successors will not have Allowed Claims and their liens, if any, shall be released.

  • Subordinate Lienholders agree that notwithstanding any contrary provision in any agreement between Company and any Subordinate Lienholder, Company may grant a security interest to Senior Lienholder in the Collateral and agrees that the grant of such security interest shall not constitute a default or event of default by Company under any agreement between Company and any Subordinate Lienholder.

  • Each of Senior Lienholder, on the one hand, and Subordinate Lienholders, on the other hand, acknowledges and agrees that to the extent that it (or its agent) retains physical possession or control of any of the Collateral, it (or its agent) shall hold such Collateral on behalf of the other so that for purposes of perfecting any security interest or lien in any Collateral it acts and holds such Collateral on behalf of Senior Lienholder and Subordinate Lienholders.

  • The Borrower will not sell or offer to sell or otherwise transfer or grant or allow the imposition of a lien or security interest upon the Collateral (except for the existing subordinate security interest in favor of the Subordinate Lienholders), will not allow any third party to gain control of all or any part of the Collateral, and will not use any portion thereof in any manner inconsistent with this Agreement or with the terms and conditions of any policy of insurance thereon.

Related to Subordinate Lienholders

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Subordinate Note means each B Note.

  • Senior Lender means each holder of a Senior Note.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Lienholder means a person with a security interest in particular property.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Junior means any person in receipt of less than the adult wage.