Subordinated Collateral Documents definition
Examples of Subordinated Collateral Documents in a sentence
If the new Controlling Obligations under the new Controlling Credit Documents are secured by assets of the Grantors constituting Collateral that do not also secure the Subordinated Obligations, then the Subordinated Obligations shall be secured at such time by a Lien on such assets to the same extent provided in the Subordinated Collateral Documents and this Agreement.
Upon the Discharge of the Secured Note Obligations, the Secured Note Collateral Agent shall deliver to the Subordinated Claimholders any proceeds of Collateral held by the Secured Note Collateral Agent in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct to be applied by the Subordinated Claimholders to the Subordinated Obligations in such order as specified in the relevant Subordinated Collateral Documents.
In addition, the Borrower shall not, nor shall it permit any Subsidiary to, amend or modify in any material respect the Senior Subordinated Note Purchase Agreements, the Senior Subordinated Notes, the Senior Subordinated Collateral Documents and the Warrants.