Examples of Subordinated Administrative Agent in a sentence
Any Payment Default Notice shall be deemed received by the Term Lenders upon the date of actual receipt by the Term Lenders or the Subordinated Administrative Agent of such Payment Default Notice in writing.
Except as otherwise provided in this Agreement, the Subordinated Administrative Agent and the Administrative Agent will be entitled to manage and supervise their respective extensions of credit to the Borrower in accordance with law and their usual practices, modified from time to time as they deem appropriate.
In the event the Subordinated Administrative Agent or the Senior Administrative Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, or (c) to disclose any other information.
At any time that the Term Lenders are not permitted to receive payments on the Subordinated Obligations pursuant to either Section 2.01 or Section 2.03 of this Agreement, the Term Lenders and the Subordinated Administrative Agent or other representative of the Term Lenders will not commence any Enforcement Action relative to the Borrower or any Subsidiary during the Standstill Period.
No amendment, waiver or modification of any of the provisions of this Agreement shall be effective unless the same shall be in writing and signed by the Senior Administrative Agent, the Subordinated Administrative Agent and, only if the rights or duties of the Borrower or any Guarantor are directly affected thereby, such Person.
The Term Lenders agree that any notices required to be given to the Term Lenders shall be effective if such notice is given to the Subordinated Administrative Agent or other representative of the Term Lenders.
Notwithstanding any provision of the Subordinated Obligations to the contrary, the Subordinated Administrative Agent consents to the incurrence of the Senior Indebtedness in amounts up to the caps on the principal amount thereof set forth in the definition of Senior Indebtedness.
Any Non- Payment Default Notice shall be deemed received by the Term Lenders upon the date of actual receipt by the Term Lenders or the Subordinated Administrative Agent or other representative of such Non-Payment Default Notice in writing.
The Subordinated Administrative Agent and the Senior Administrative Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances.
The Subordinated Administrative Agent expressly waives all notice of the acceptance of and reliance on this Agreement by the Senior Revolving Lenders.