Subordinated Credit Documents definition

Subordinated Credit Documents means any note, this Agreement, any guaranty, any security agreements, any credit agreements and any other documents delivered to the Subordinated Creditor by the any Obligor evidencing, guarantying or securing the Subordinated Obligations, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time as permitted hereunder.

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

Subordinated Credit Documents means, collectively, (c) the Term Loan Agreement, and (d) all other documents executed and delivered from time to time by the Borrower or any other person (whether alone or with another or others) to the Subordinated Lender under, pursuant to or otherwise in connection with, the Term Loan Agreement;

Examples of Subordinated Credit Documents in a sentence

• To permit transfers and exchanges, the Corporation shall execute Securities at Registrar’s request.

• Notwithstanding the terms of the Subordinated Credit Documents, each Obligor hereby agrees that it may not make (or permit any of its subsidiaries to make), and Subordinated Creditor hereby agrees that it will not accept, any Distribution with respect to the Subordinated Obligations (other than Permitted Subordinated Debt Payments) until the Senior Obligations are Paid in Full.

• 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.

• Notwithstanding anything in this Agreement to the contrary (other than Section 3(c), Section 3(f), Section 4(a), Section 5 in its entirety, the Subordinated Claimholders may exercise any rights and remedies available to unsecured creditors against any Obligor in accordance with the terms of the Subordinated Credit Documents and applicable law.

• Any reference to this Warrant, or the other Subordinated Credit Documents (as defined in the Subordinated Credit Agreement) includes any and all permitted alterations, amendments, changes, extensions, modifications, renewals, or supplements thereto or thereof, as applicable.

• Except as otherwise provided herein, in any Insolvency Proceeding, Subordinated Claimholders may exercise any applicable rights and remedies as unsecured creditors against any Grantor in accordance with the Subordinated Credit Documents and applicable law.

• In the event of any conflict between the provisions of this Agreement and the provisions of the Senior Lien Note Documents, the Second Lien Credit Documents or the Subordinated Credit Documents, the provisions of this Agreement shall govern and control.

• 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.

• The parties further acknowledge and agree that (i) the claims and interests of the Secured Note Claimholders under the Secured Note Documents are substantially different from the claims and interests of Subordinated Claimholders under the Subordinated Credit Documents and (ii) such claims and interests should be treated as separate classes for purposes of Section 1122 of the Bankruptcy Code.

• Any purported assignment or transfer of any of the Subordinated Creditor’s rights or interests in, to or with respect to the Subordinated Credit Documents or the Subordinated Debt shall be void ab initio.

More Definitions of Subordinated Credit Documents

Subordinated Credit Documents means, collectively, (i) the Existing SIMA Note, (ii) the Cash Flow Support Agreement, (iii) the Cash Flow Support Note, and (iv) all other agreements, instruments and documents governing or relating to the Subordinated Debt or any portion thereof, in each case, as said documents may be amended, supplemented or otherwise modified from time to time, and including, in the case of any promissory notes, any notes or other evidences of indebtedness issued in renewal of, or in exchange or substitution for, such promissory notes.

Subordinated Credit Documents means, collectively, (i) Asset Transfer Agreement (ii) all security granted to Old Secureco as security for the Subordinated Indebtedness, and (iii) all other documents executed and delivered or to be executed and delivered by the Debtor (whether alone or with another or others) to Old Secureco under, pursuant to or otherwise in connection with, the Asset Transfer Agreement.

Subordinated Credit Documents means the Pet Note, the Seller Notes Guaranties, the Subordinated Lien Collateral Documents, and each of the other agreements, documents and instruments providing for or evidencing any other Subordinated Obligation, and any other document or instrument executed or delivered at any time in connection with any Subordinated Obligations, including any intercreditor or joinder agreement among holders of Subordinated Obligations, to the extent such are effective at the relevant time, as each may be modified or Refinanced from time to time.