Subordinated Claimholders definition

Subordinated Claimholders means, at any relevant time, individually and collectively, the Subordinated Agent, the Subordinated Lenders, or any other holders of the Subordinated Obligations from time to time.

Subordinated Claimholders means (a) prior to the Discharge of First Lien Obligations, the Second Lien Claimholders and the Third Lien Claimholder and (b) following the Discharge of First Lien Obligations but prior to the Discharge of Second Lien Obligations, the Third Lien Claimholder.

Subordinated Claimholders has the meaning given in the preamble. “Subordinated Debt Documents” means (i) the Bond Indenture, (ii) the Subordinated Loan Agreement, (iii) the bond resolution adopted by the Issuer on August 8, 2007 that became effective on September 3, 2007, relating to the Subordinated Bonds, (iv) each of the Subordinated Bonds, (v) each of the Subordinated Security Documents, (vi) the Tax Exemption Agreement and Certificate, (vii) the Bond Purchase Agreement, (viii) the Continuing Disclosure Agreement, (ix) the Environmental and ADA Indemnification Agreement, dated as of October 1, 2007, by the Borrower in favor of the Bond Trustee, (x) each other document (other than the Agreement as to Payment of Expenses) executed on or prior to the date hereof in connection with the Bond Indenture,

Examples of Subordinated Claimholders in a sentence

• Each Subordinated Collateral Agent, on behalf of itself and the respective Subordinated Claimholders, assents to any extension or postponement of the time of payment of the Controlling Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security which may at any time secure any part of the Controlling Obligations and to the addition or release of any other Person primarily or secondarily liable therefor.

• Each Subordinated Collateral Agent, on behalf of itself and the respective Subordinated Claimholders, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.

• Each Grantor acknowledges and agrees that the value of any payments or distributions in cash, property or other assets received by the Subordinated Collateral Agent or the Subordinated Claimholders that are paid over to the Controlling Collateral Agent or the Controlling Claimholders pursuant to this Agreement shall not reduce any of the Subordinated Obligations.

• The Controlling Collateral Agent, on behalf of itself and the Controlling Claimholders, acknowledges and agrees that none of the Subordinated Collateral Agents or the Subordinated Claimholders have made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Subordinated Credit Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon.

• Except as otherwise provided herein, the Subordinated Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under each of the Subordinated Credit Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.

• The New Controlling Collateral Agent shall agree in a writing addressed to each Subordinated Collateral Agent and the Subordinated Claimholders to be bound by the terms of this Agreement.

More Definitions of Subordinated Claimholders

Subordinated Claimholders means (a) prior to the Discharge of First Lien Obligations, the Second Lien Claimholders and the Third Lien Claimholders and (b) following the Discharge of First Lien Obligations but prior to the Discharge of Second Lien Obligations, the Third Lien Claimholders.

Subordinated Claimholders has the meaning given in the preamble.