Examples of Subordinated Agreements in a sentence
If requested by Agent after the occurrence of an Event, each Holder of Subordinated Indebtedness shall transfer, assign and endorse over to Agent the Subordinated Agreements, as collateral for the obligations hereunder of any Holders of Subordinated Indebtedness.
Proceeds of the Collateral include insurance proceeds, and therefore, notwithstanding the terms set forth in the Senior Lending Agreements or Subordinated Agreements, the priorities set forth in Section 3.2 govern the ultimate disposition of casualty insurance proceeds.
Nothing in this Agreement shall impair, as between each Loan Party and Subordinated Lender the unconditional and absolute obligation of such Loan Party to punctually pay the principal, interest and any other amounts and obligations owing under Subordinated Agreements in accordance with the terms thereof, subject to the rights of Agent under this Agreement.
For purpose of clarification, the imposition of any increase of the interest rate pursuant to the Reimbursement Agreement in accordance with the terms thereof, from five percent (5%) to up to seven percent (7%), shall not be deemed to be an amendment or modification of any of the Subordinated Agreements.