Subordinated Party definition

Subordinated Party means the Owner Participant in its capacity as lender under the Intercompany Loan Agreement.

Subordinated Party means the Person (as defined in the Credit Agreement) that has agreed in the Designated Agreement to be bound by these Terms of Subordination, together with its successors and assigns.

Subordinated Party means any Loan Party in its capacity as lender under an Intercompany Loan Agreement.

Examples of Subordinated Party in a sentence

• No failure to exercise, nor any delay in exercising, on the part of any Secured Party or Subordinated Party any right or remedy under this Agreement shall operate as a waiver, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise or the exercise of any other right or remedy.

• Each Subordinated Party shall, at its own expense, take whatever action the Security Agent may require to give effect to this Clause 9.

• If the Company receives or recovers any amount which, under the terms of the Secured Finance Documents, should have been paid to a Secured Party or a Subordinated Party, the Company will promptly pay that amount to the Security Agent for application in accordance with Clause 11.1 (Order of Application).

• If any of the ICA Group Companies receives or recovers any amount which, under the terms of the Documents, should have been paid to a Secured Party or a Subordinated Party, that ICA Group Company will promptly pay that amount to the Security Agent for application in accordance with Clause 14.1 (Order of Application).

• To the extent not already paid under another Document, each ICA Group Company and each Subordinated Party will, within three Business Days of demand, pay to each Secured Party the amount of all costs and expenses (including external legal fees) incurred by that Secured Party in connection with the enforcement or preservation of that Secured Party's rights against that ICA Group Company or Subordinated Party under this Agreement.

More Definitions of Subordinated Party

Subordinated Party means any one of them individually;

Subordinated Party means any Person that has entered into or does from time to time enter into a Subordinated Agreement.

Subordinated Party means any Shareholder Creditor or any Intercompany Creditor.

Subordinated Party means any Investor or Intercompany Lender.

Subordinated Party means the Servicer, any replacement servicer appointed by any Obligor to manage any of the Aircraft in accordance with sub-clause 20.17.3 of the Facility Agreement and any person (a “Subordinated Contributor”) that enters into a Subordinated Contribution Agreement in order to make a Subordinated Contribution available to the Borrower, Owner or, if applicable, Owner Trustee.

Subordinated Party means the Primary Guarantor and any other Person that has entered into or does from time to time enter into a Subordinated Agreement.

Subordinated Party means Overseas in its capacity as lender under the Finance Loan Agreement and as lender under the Revolving Loan Agreement.