Examples of Subordinated Noteholder in a sentence
The Paying Agent with which a Senior Note or, as the case may be, or a Dated Subordinated Note is so deposited shall deliver a duly completed Put Option Receipt to the depositing Senior Noteholder or Dated Subordinated Noteholder.
Each Subordinated Noteholder acknowledges and agrees that the foregoing subordination provisions are a material inducement and a consideration to each Senior Creditor, regardless of when the Senior Indebtedness was created or acquired.
After all amounts payable under or in respect of Senior Indebtedness are Paid-in-Full, the Subordinated Noteholder shall be subrogated to the rights of the Senior Creditors to receive payments or distributions applicable to Senior Indebtedness to the extent that distributions otherwise payable to the Subordinated Noteholder have been applied to the payment of Senior Indebtedness.
Nothing in this Section shall affect the relative rights of the Subordinated Noteholder and creditors of Issuer or any other Loan Party other than the Senior Creditors.
Nothing herein shall impair, as between SIRE and any Subordinated Noteholder, the obligations of SIRE to pay all amounts owing as provided in the Subordinated Debt Documents.