Subordinated Secured Parties definition

Subordinated Secured Parties means (a) from the date hereof until payment in full in cash of the First Lien Secured Obligations, collectively, the Second Lien Secured Parties, the Third Lien Secured Parties and the Fourth Lien Secured Party, (b) after such payment in full in cash of the First Lien Secured Obligations and until payment in full in cash of the Second Lien Secured Obligations then outstanding, collectively, the Third Lien Secured Parties and the Fourth Lien Secured Party and (c) after such payment in full in cash of the First Lien Secured Obligations and the Second Lien Secured Obligations and until payment in full in cash of the Third Lien Secured Obligations then outstanding, the Fourth Lien Secured Party.
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Subordinated Secured Parties means each of the Subordinated Agent and the Subordinated Lenders.
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Subordinated Secured Parties collectively, the Senior Subordinated ---------------------------- Secured Parties and the Junior Subordinated Secured Parties.
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Examples of Subordinated Secured Parties in a sentence

  • Nothing in this Agreement shall (a) impair, as among Companies, Agent and Senior Secured Parties and as between Companies, Subordinated Agent and Subordinated Secured Parties, the obligation of Companies with respect to the payment of the Senior Debt and the Subordinated Debt in accordance with their respective terms or (b) affect the relative rights of Agent, Senior Secured Parties or Subordinated Agent with respect to any other creditors of Companies.

  • This Agreement shall define the relative rights of Agent, Senior Secured Parties, Subordinated Agent and Subordinated Secured Parties.

  • Until the Discharge of Senior Debt, neither the Subordinated Agent nor the Subordinated Secured Parties shall, without the prior written consent of Agent (acting at the written direction of the Required Senior Lenders and Required Revolving Lenders (as defined in the Senior Credit Agreement)), take any Enforcement Action with respect to the Subordinated Debt (including any Collateral therefor) other than Permitted Subordinated Actions.

  • If none of the Subordinated Secured Parties timely exercises such purchase right, the Senior Secured Parties shall have no further obligations pursuant to this Section 19 for such Purchase Triggering Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.

  • If one or more of the Subordinated Secured Parties timely exercises such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Agent (at the direction of the Required Lenders (as defined in the Senior Credit Agreement) and Required Revolving Lenders (as defined in the Senior Credit Agreement) and the Required Subordinated Agent.


More Definitions of Subordinated Secured Parties

Subordinated Secured Parties the Trustee and the Holders. ----------------------------
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Subordinated Secured Parties when used in this paragraph, shall be deemed to mean the Junior Subordinated Secured Parties.
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Subordinated Secured Parties means the Subordinated Trustee and those holders from time to time of the Subordinated Notes.
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Subordinated Secured Parties has the meaning given that term in the Subordinated Security Agreement.
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Subordinated Secured Parties is hereby amended by adding the term “Berkshire,” after “AMBAC,” in the first line therein.
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Subordinated Secured Parties means AMBAC, the Owner Participant and the Facility Owner, as secured parties under the Subordinated Mortgage and the Subordinated Security Agreement.
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Subordinated Secured Parties means AMBAC, the Owner Participant and the Trustees, as secured parties under the Subordinated Deed to Secure Debt and Security Agreement.
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