Subordinated Creditor definition

Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

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Subordinated Creditor has the meaning specified therefor in the Preamble hereto.

Subordinated Creditor means each Person now or in the future who agrees to subordinate indebtedness of the Borrower held by that Person to the payment of the Obligations.

Examples of Subordinated Creditor in a sentence

• The rights of Subordinated Creditor with respect to the Shared Collateral shall at all times be subject to the terms of this Agreement.

• Subordinated Creditor hereby waives any rights it may have under applicable law to assert the doctrine of marshaling or to otherwise require Senior Creditor to marshal any property of the Companies or any other guarantor of the Senior Debt for the benefit of Subordinated Creditor.

• The rights of Subordinated Creditor with respect to the Pledged Collateral shall at all times be subject to the terms of this Agreement.

• Prior to the closing of any purchase and sale pursuant to Section 18 hereof, Subordinated Creditor shall have no rights under the Senior Note Documents.

• Any amendment, modification or waiver of any provision of this Agreement, or any consent to any departure by any party from the terms hereof, shall not be effective in any event unless the same is in writing and signed by Senior Creditor and Subordinated Creditor, and then such amendment, modification, waiver or consent shall be effective only in the specific instance and for the specific purpose given.

More Definitions of Subordinated Creditor

Subordinated Creditor means any Restricted Person who has, at any relevant time, entered into a Pledge of Subordinated Shareholder Loans and the Security Deed or a Security Provider’s Deed of Accession.

Subordinated Creditor means, for the purpose of any Continuing Document, each person that was an original party, or who has acceded, to the Intercreditor Agreement as a Subordinated Creditor or Intra-Group Lender.

Subordinated Creditor means any Person that shall have entered into a Subordination Agreement with Term Agent, on behalf of the Secured Parties.

Subordinated Creditor means each Subordinated Creditor that is signatory to a Subordination Agreement and any other holder of the Subordinated Note or any other Subordinated Debt from time to time, including, without limitation, any [“Holder”] (as defined in the Subordinated Note), together with each such Person’s successors and assigns.

Subordinated Creditor shall have the meaning set forth in the initial paragraph to this Agreement.

Subordinated Creditor has the meaning specified in the introductory paragraph hereto or any holder of the Acquisition Note.

Subordinated Creditor means any third party including any direct or indirect shareholder of the Issuer (for the avoidance of doubt not including any Secured Party or any ICA Group Company) in its capacity as creditor in respect of Subordinated Debt.