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.

Subordinated Secured Parties means, at any relevant time, the holders of Subordinated Obligations at such time, including the Subordinated Administrative Agent and the Subordinated Lenders.

Subordinated Secured Parties the Trustee and the Holders. ----------------------------

Examples of Subordinated Secured Parties in a sentence

• Neither the Working Capital Facility Collateral Agent nor any Working Capital Facility Lender shall have any duty to any of the Senior Subordinated Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Obligor (including, without limitation, the Notes Documents and the Pari Passu Indebtedness Documents), regardless of any knowledge thereof which they may have or be charged with.

• Following the Discharge of Working Capital Facility Obligations, in connection with any decision by the Senior Subordinated Secured Parties under this Agreement, the votes of each Series of Senior Subordinated Secured Debt entitled to vote thereon shall be cast in the manner provided by, and in accordance with the decision of the holders of such Series of Senior Subordinated Secured Debt made pursuant to the terms of the corresponding Secured Debt Documents.

• None of the Senior Subordinated Secured Parties shall have a duty to advise the Working Capital Facility Collateral Agent or any Working Capital Facility Lender or any other Secured Party of information known to it or them regarding such condition or any such circumstances or otherwise.

• All dividends and other distributions which are received by Grantor contrary to the provisions of this Agreement shall be received in trust for the benefit of the Subordinated Secured Parties, shall be segregated from other funds of Grantor and forthwith shall be paid over to Subordinated Secured Parties as pledged Collateral in the same form as so received (with any necessary endorsements).

• The Subordinated Security Trustees hereby irrevocably waive, on their own behalf and on behalf of the Subordinated Secured Parties, any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.

More Definitions of Subordinated Secured Parties

Subordinated Secured Parties collectively, the Senior Subordinated ---------------------------- Secured Parties and the Junior Subordinated Secured Parties.

Subordinated Secured Parties when used in this paragraph, shall be deemed to mean the Junior Subordinated Secured Parties.

Subordinated Secured Parties means each of the Subordinated Agent and the Subordinated Lenders.

Subordinated Secured Parties has the meaning given that term in the Subordinated Security Agreement.

Subordinated Secured Parties means AMBAC, the Owner Participant and the Trustees, as secured parties under the Subordinated Deed to Secure Debt and Security Agreement.

Subordinated Secured Parties means, collectively, the Affiliated Funding Entities (but only to the extent of the amount of the Affiliated Subordinated Obligations), the Third Party Subordinated Lenders and the Subordinated Working Capital Lenders.

Subordinated Secured Parties means the Subordinated Collateral Agent and each of the Project Counterparties in its capacity as a beneficiary of the Subordinated Liens and without affecting any rights or remedies it may have against the Borrower arising out of the Sales Agreements (other than with respect to the Subordinated Liens).