Subordinated Lenders definition

Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

Subordinated Lenders means the lenders party to the Subordinated Credit Agreement from time to time.

Subordinated Lenders means, individually or collectively, the “Lenders” as defined in the Subordinated Credit Agreement.

Examples of Subordinated Lenders in a sentence

• The Issuer may at any time, with the prior consent of the Subordinated Lenders, draw down under the Subordinated Loan Agreement for the purpose of establishing the Shortfall Fund.

• The Issuer may not, without the Subordinated Lender's prior written consent (such consent not to be unreasonably withheld), at any time assign or transfer any of its rights or obligations hereunder.

• In addition, but without prejudice thereto, the Subordinated Lenders may, at their discretion, make available to the Issuer further amounts under the Subordinated Loan Agreement to enable the Issuer to make any Mandatory Further Advances if and to the extent that the Issuer so opts instead of using Available Redemption Funds which would otherwise be applied in making such Mandatory Further Advances.

• Amounts may also be drawn, at the discretion of the Subordinated Lenders, under the Subordinated Loan Agreement in order to replenish the First Loss Fund to the Required Amount and thus enable the Issuer (subject to the other conditions applicable to the making of Discretionary Further Advances) to make any Discretionary Further Advances.

• Amounts may also be drawn, at the discretion of the Subordinated Lenders, under the Subordinated Loan Agreement in order to reduce to zero any debit balance on the Principal Deficiency Ledger and thus to enable the Issuer (subject to the other conditions applicable to the making of Discretionary Further Advances) to make any Discretionary Further Advances.

More Definitions of Subordinated Lenders

Subordinated Lenders means Seacoast Capital Partners III, L.P., Business Development Corporation of America, Benefit Street Partners SMA-K LP, Landmark Wall SMA L.P., Benefit Street Partners Debt Fund IV L.P., Benefit Street Partners Debt Fund IV Master (Non-US) L.P., Benefit Street Partners SMA-C L.P., Benefit Street Partners SMA-C II L.P., Benefit Street Partners SMA LM L.P., Providence Debt Fund III Master (Non-US) L.P., and Providence Debt Fund III L.P., in their respective capacities as Lenders under the terms of (and as defined in) the Second Lien Credit Agreement.

Subordinated Lenders means the lenders under the Subordinated Loan Agreement and their successors, and any assigns of the Subordinated Indebtedness.

Subordinated Lenders means each and every lender to whom any of the Subordinated Obligations is owed and any holder of any document evidencing such Subordinated Obligations.

Subordinated Lenders as used herein shall mean all of the Subordinated Lenders and each of them obligated hereunder.

Subordinated Lenders means the Persons listed on Schedule 1.01 as Subordinated Lenders and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

Subordinated Lenders means the lenders as defined in the Subordinated Credit Agreement.

Subordinated Lenders has the meaning assigned to it in Appendix A to the MSA. “Subordinated Lender Pledge Agreement” means the Amended and Restated Pledge Agreement and Limited Recourse Guaranty, dated as of [], 2020, by the Subordinated Lenders in favor of the Security Trustee granting a security interest in the Subordinated Loans for the benefit of the Senior Creditors.