Subordinated Default Notice means a written notice to Agent pursuant to which Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default. Subordinated Indebtedness shall mean all of the obligations of Obligors (including Subordinated Obligor) to Subordinated Creditors pursuant to or evidenced by the Subordinated Note and the other Subordinated Indebtedness Documents.
Subordinated Default Notice means a written notice to Collateral Agent pursuant to which Collateral Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default.
Subordinated Default Notice means any written notice from the Subordinated Creditor Representative to the Senior Creditors or the Senior Creditor Representative pursuant to which the Senior Creditors are notified of the occurrence of a Subordinated Default.
Examples of Subordinated Default Notice in a sentence
Subordinated Creditors and Borrower each shall provide Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and Subordinated Creditors shall notify Agent in the event such Subordinated Default is cured or waived.
The Company shall provide Collateral Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and the Company shall notify Collateral Agent in the event such Subordinated Default is cured or waived.
The Subordinated Creditors and the Company shall provide the Collateral Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and the Subordinated Creditors shall notify the Collateral Agent in the event such Subordinated Default is cured or waived.
Junior Subordinated Lenders shall provide Senior Lender with a copy of each Junior Subordinated Default Notice concurrently with the sending thereof to Borrower, and promptly shall notify Senior Lender in the event the Junior Subordinated Default which is the subject of such Junior Subordinated Default Notice is cured or waived.
Senior Subordinated Lender shall provide Senior Lender with a copy of each Senior Subordinated Default Notice concurrently with the sending thereof to Borrower, and promptly shall notify Senior Lender in the event the Senior Subordinated Default which is the subject of such Senior Subordinated Default Notice is cured or waived.
More Definitions of Subordinated Default Notice
Subordinated Default Notice means a written notice to the Senior Agent pursuant to which the Senior Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default and specifies that it is a Subordinated Default Notice pursuant to this Agreement.
Subordinated Default Notice means a written notice to Administrative Agent and Carbiz Parent from the Subordinated Creditors pursuant to which Administrative Agent is notified of the existence of a Subordinated Default, which notice (i) states that it is a “Subordinated Default Notice” for purposes of this Agreement and (ii) sets forth the specific sections of the Subordinated Indebtedness Documents giving rise to such Subordinated Default. Subordinated Indebtedness shall mean all Debt, liabilities and other obligations of any and every kind and nature now existing or hereafter arising, contingent or otherwise, of any Obligor or any other Person under, in connection with, or evidenced or secured by any of the Subordinated Indebtedness Documents, in each case including, without limitation, obligations to pay (i) principal, (ii) interest or premium (including interest accruing after the commencement of any Proceeding, whether or not constituting an allowed claim in such Proceeding, and any premium payable with respect to any prepayment of the Subordinated Indebtedness pursuant to the Subordinated Purchase Agreement), (iii) fees, (iv) costs, expenses and other amounts related to any indemnity against loss, damage or liability, and (v) any other monetary obligation. Subordinated Indebtedness Documents shall mean the Subordinated Debentures, Subordinated Purchase Agreement, the Subordinated Security Agreement, any guaranty with respect to the Subordinated Indebtedness, and all other agreements, documents and instruments evidencing, securing or pertaining to any portion of the Subordinated Indebtedness, as amended, supplemented, restated or otherwise modified and in effect from time to time as permitted hereunder.
Subordinated Default Notice means a written notice from Parent to Obligor of the occurrence of a Subordinated Default.
Subordinated Default Notice means a written notice to Senior Agent pursuant to which Senior Agent is notified by one or more Subordinated Creditors of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default. Subordinated Guaranty shall have the meaning ascribed to such term in the recitals of this Agreement. Subordinated Indebtedness shall mean all the “Obligations,” as such term is defined in the Subordinated Note Purchase Agreement, including, without limitation, all interest, fees, expenses, indemnities and reimbursement obligations, in each instance, whether before or after the commencement of a Proceeding and without regard to whether or not an allowed claim, together with any amendments, restatements, modifications, renewals or extensions thereof permitted hereunder.
Subordinated Default Notice means a written notice to Senior Agent and the Company from Subordinated Agent or the Subordinated Creditor pursuant to which Senior Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default. Subordinated Indebtedness shall mean all Indebtedness, liabilities and other obligations of any and every kind and nature now existing or hereafter arising, contingent or otherwise, of any Obligor or any other Person under, in connection with, or evidenced or secured by any of the Subordinated Indebtedness Documents, in each case including, without limitation, obligations to pay (i) principal, (ii) interest or premium (including interest accruing after the commencement of any Proceeding, whether or not constituting an allowed claim in such Proceeding, and any premium payable with respect to any prepayment of the Subordinated Indebtedness pursuant to the Subordinated Indebtedness Documents), (iii) fees, (iv) costs, expenses and other amounts related to any indemnity against loss, damage or liability, and (v) any other monetary obligation.
Subordinated Default Notice means a written notice to the Collateral Agent pursuant to which the Secured Parties are notified of the existence of a Subordinated Default, which notice shall incorporate a reasonably detailed description of such Subordinated Default.(g)
Subordinated Default Notice means a written notice from Subordinated Lender to Borrower of the occurrence of a Subordinated Default. “Subordinated Indebtedness” shall mean all of the Indebtedness of Borrower to Subordinated Lender under the Subordinated Instruments and all other amounts now or hereafter owed by any Borrower to Subordinated Lender.