Subordinated Liens definition

Subordinated Liens has the meaning given to it in Section 8.6(a).

Subordinated Liens means all Liens securing the Secured Obligations.

Subordinated Liens the Liens in the Collateral granted by Issuer to Fleet National Bank as trustee under the Subordinated Credit Instruments. Subordination Agreement (Junior): a subordination agreement among Trustee, Issuer, and the trustee of the Junior Subordinated Debenture Indenture. Subordination Agreement (Senior): a subordination agreement among Trustee, Issuer, the trustee of the Junior Subordinated Debenture Indenture and the Senior Creditors.

Examples of Subordinated Liens in a sentence

• Subordinated Lender represents and warrants that, as of the date of this Agreement, no part of the Subordinated Indebtedness or Subordinated Liens of which it is the party in interest has been sold, assigned, encumbered, endorsed or transferred to or for the benefit of others.

• It is further agreed that such obligations as may be imposed under the documents and instruments creating the Senior Liens or under applicable laws shall run exclusively to the benefit of Senior Lender and may be enforced or waived only by Senior Lender and not by the Subordinated Lender or the holders of the Subordinated Liens or Subordinated Indebtedness.

• The terms and provisions of any document creating or relating to a Subordinated Lien are hereby amended to provide that so long as any of the Senior Liens remain unpaid, the Subordinated Liens therein granted are subordinate to the Senior Liens and that none of the terms and provisions of such documents or instruments evidencing the Subordinated Liens shall affect or limit in any way the rights or remedies provided to the holder of the Senior Indebtedness under the Senior Liens.

• The Intercreditor Agreement defines the relative rights of holders of the Subordinated Liens and the holders of the Senior Priority Liens that will exist upon execution of the Intercreditor Agreement.

• Signed] Interim Order (A) Authorizing the Debtors to Obtain Postpetition Credit from Critical Vendors; (B) Approving Critical Vendor Program and Granting of Junior and Subordinated Liens to Critical Vendors; (C) Authorizing Banks to Honor and Process Related Checks and Electronic Transfers; (D) Scheduling Final Hearing; and (E) Granting Related Relief [Filed: 8/7/18] (Docket No. 83).

More Definitions of Subordinated Liens

Subordinated Liens means all present and future security interests and liens, if any, directly or indirectly securing any Subordinated Debt.

Subordinated Liens means the Liens listed in Exhibit B hereto.

Subordinated Liens means any Lien created by the Subordinated Debt Documents. “Subordinated Payment Default” means (i) a default in the payment when due (whether by lapse of time, acceleration, or otherwise) of all or any portion of the Subordinated Debt consisting of principal, interest or any scheduled fee, or (ii) an Event of Default (as defined in the Second Lien Credit Agreement) resulting from the failure to pay any other amounts due and owing under the Subordinated Debt Documents.

Subordinated Liens means the Lenders’ Liens.

Subordinated Liens means the Liens arising pursuant to the Subordinated Security Agreement and expressly made subordinate to the Liens of the Bank in and to the Collateral pursuant to the Subordination Agreement.

Subordinated Liens means all liens, mortgages, and security interests of any type or nature, previously or hereafter granted by Borrower to Subordinated Lender, including without limitation, liens and security interests granted in the Subordinate Trust Deed.

Subordinated Liens shall have the meaning assigned to such term in Section 4.3 hereof.