Subordinating Creditors definition

Subordinating Creditors means any officer, director or shareholder of the Borrower to whom the Borrower is indebted.

Subordinating Creditors means collectively, the following persons and entities:

Subordinating Creditors. XX XXXX'X INCORPORATED, a Pennsylvania corporation, as a Subordinating Creditor

Examples of Subordinating Creditors in a sentence

• No knowledge of any breach or other non-observance by the Subordinating Creditors of the terms and provisions of this Subordination Agreement shall constitute a waiver, nor a waiver of any obligations to be performed by the Subordinating Creditors hereunder.

• If, upon the occurrence and during the continuation of an Event of Default, the Agent requires the possession of any of the Subordinated Loan Documents in order to present claims or seek enforcement against the Applicable Debtors for payment under the Subordinated Loan Documents in accordance with the provisions of this Subordination Agreement, the Subordinating Creditors agree, subject to the terms hereof, to endorse and deliver such Subordinated Loan Documents to the Agent.

• Until the Discharge of Senior Debt shall have occurred and this Subordination Agreement is terminated as provided herein, the Subordinating Creditors shall not assert or be entitled to any subrogation rights.

• If the Subordinating Creditors, in violation of this Subordination Agreement, shall Commence Legal Action against an Applicable Debtor, such Applicable Debtor may interpose as a defense or dilatory plea the making of this Subordination Agreement, and the Secured Parties are hereby irrevocably authorized to intervene and to interpose such defense or plea in their names or in the name of the related Applicable Debtor.

• Kellogg argues that Eby’s promise covers only claims involving Eby’s malfeasance, not Kellogg’s.

More Definitions of Subordinating Creditors

Subordinating Creditors means (i) the Seller with respect to ----------------------- DRA, and (ii) _________________________________________________.

Subordinating Creditors means Tinicum Investors, a general partnership, Fxxxx Xxxxxxx, Cxxxxxxxxxx X. Xxxxx, and Plan C LLC, each of whom shall execute and deliver a Subordination Agreement.

Subordinating Creditors means any officer, director or shareholder of the Borrower to whom the Borrower is indebted, Datamatics Technologies, Ltd. and Xxxxx Xxxx Limited.

Subordinating Creditors mean Xxxxx X. Xxxxx, Emitzel Holdings SA and Harbour Investment Corporation.

Subordinating Creditors. OPKO Health, Inc., Bxxxx Xxxxx, and Olycra Limited Partnership, and any successors or assignees thereof.

Subordinating Creditors means Banca Del Gottardo and Xxxxxxx Investments.

Subordinating Creditors has the meaning set forth in the Schedule.