Subordinate Loans definition

Subordinate Loans means, collectively, the Issuer Loan, the Seller Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder, it being understood, acknowledged and agreed that Xxxxxxxx shall not be permitted to incur, assume or guaranty any parity or senior indebtedness of any nature or kind. Each of the foregoing is a “Subordinate Loan.”
Sample 1Sample 2Sample 3
Subordinate Loans has the meaning ascribed thereto in Section 3.01(k);
Sample 1Sample 2Sample 3
Subordinate Loans has the meaning ascribed thereto in the Restructuring Agreement;
Sample 1Sample 2Sample 3

Examples of Subordinate Loans in a sentence

  • If the moneys available from the proceeds of the sale of the Bonds and investment income thereon shall not be sufficient to pay the Project Costs in full, the Borrower shall pay from the Subordinate Loans, the Borrower Contribution and, to the extent necessary, its own funds all of that portion of the Project Costs in excess of the moneys available therefor from the sale of the Bonds and investment income thereon.

  • Borrower shall deliver to Bondowner Representative copies, certified by Borrower to be true and correct, of the documents that evidence and secure the Subordinate Loans, the form and content of which shall be subject to Bondowner Representative’s reasonable approval.

  • Borrower shall at all times fully and timely comply and cause the Property and Improvements to comply with all applicable terms and conditions of the documents that evidence and secure the Subordinate Loans and shall provide Bondowner Representative with such verification of that compliance from time to time as reasonably requested by Bondowner Representative.

  • All representations and warranties made herein, in the certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and delivery of this Agreement and the other Subordinated Loan Documents, and the making of the Subordinate Loans.

  • Notwithstanding any term of this Agreement or the Loan Agreement to the contrary, Borrower and Guarantors shall not use any proceeds from the Lockbox Account, any proceeds from any capital contribution, any proceeds of the Subordinate Loans, or any net sale proceeds from the sale of any of the Rockies Properties or the Texas Properties for the purpose of acquiring any oil and gas properties or leases or drilling any well, without the prior written consent of Lender.


More Definitions of Subordinate Loans

Subordinate Loans means, the Seller Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder and each of the foregoing is a “Subordinate Loan.”
Sample 1Sample 2
Subordinate Loans means the loans from the Subordinate Lenders as listed on the Construction Funds Schedule.
Sample 1Sample 2
Subordinate Loans means, collectively, [ ], [ ], each as defined in the Continuing Covenants Agreement.
Sample 1Sample 2
Subordinate Loans has the meaning given to such term in the Construction Disbursement Agreement.
Sample 1
Subordinate Loans means the County Loan, the City Loan and any other subordinate loan now or hereafter approved by Bondowner Representative.
Sample 1
Subordinate Loans means collectively: (i) that loan in the amount of $ by the California Department of Housing and Community Development to the Borrower; and (ii) that loan in the amount of $ from the Issuer to the Borrower.
Sample 1
Subordinate Loans means, collectively, the Delivery Assurance Loan, the Subordinate AHFC Loan, and the AGC Loans.
Sample 1