Subordinating Lender definition

Subordinating Lender has the meaning set forth in the introduction of this Agreement.
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Subordinating Lender. KRAUXX'X XXXNITURE, INC. 5980 Xxxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxxxx 00000 Attn: President Borrower: KRAUXX'X XXXA FACTORY 200 Xxxxx Xxxxx Xxxxxx Brea, California 92621-3903 Attn: Chief Financial Officer
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Subordinating Lender means, collectively, The Value Realization Fund, L.P., a California limited partnership, Canyon Value Realization Fund (Cayman), Ltd., GRS Partners II, and CPI Securities L.P., a California limited partnership."
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Examples of Subordinating Lender in a sentence

  • In such case, Subordinating Lender shall immediately remit such payment or distribution to Senior Lender.

  • Subordinating Lender shall not take any action which in Senior Lender's judgment might cause Borrower to violate the Senior Loan Agreement or any other agreement between Borrower and Senior Lender.

  • The Subordinating Lender will not take or omit to take any action or assert any claim with respect to the Subordinated Debt or otherwise that is inconsistent with the provisions of this Agreement.

  • The Subordinating Lender further waives any and all rights with respect to marshalling.

  • If Borrower or Subordinating Lender attempts to violate Section 3(b) or Clause (i) of Article 4, or if Subordinating Lender in any other manner receives any funds which by virtue of this Agreement it is precluded from receiving, Subordinating Lender shall be deemed to hold any payment or distribution it receives in trust for Senior Lender's benefit.

  • All principal, interest, fees, costs, enforcement expenses (including legal fees and disbursements), collateral protection expenses and other reimbursement and indemnity obligations created or evidenced by the Note or any prior, concurrent or subsequent notes, instruments or agreements of indebtedness, liabilities or obligations of any type or form whatsoever relating thereto in favor of the Subordinating Lender.

  • Subordinating Lender and Borrower each waive any right it may have to plead forum non-conveniens or otherwise to object to venue, and hereby consents to any court-ordered relief.

  • If Subordinating Lender attempts to violate Clause (iii) of Article 4, Borrower may interpose as a defense or plea the making of this Agreement, and Senior Lender may intervene and interpose such defense or plea in its own or Borrower's name.

  • It is expressly understood and agreed that except for such subordination, the Existing Deed of Trust now held by Subordinating Lender and all and singular the terms and conditions thereof shall be and remain in full force and effect.

  • Subordinating Lender and Borrower shall each promptly notify Senior Lender of all defaults, events of default, and events which with the giving of notice or the passage of time, or both, would become events of default ("unmatured events of default") under any Junior Debt Document.


More Definitions of Subordinating Lender

Subordinating Lender means Special Value Bond Fund, LLC, the assignee of the rights and duties of Silver Canyon Services, Inc. under and with respect to the Purchase Agreement dated as of February 15, 2006 by and among the Borrowers and Silver Canyon Services, Inc. and the Intercreditor Agreement, and its successors and assigns.
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Related to Subordinating Lender

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Existing Lenders as defined in the recitals hereto.

  • Designating Lender has the meaning specified in Section 8.07(h).

  • DIP Lender means a lender under the DIP Facility.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Senior Lender means each holder of a Senior Note.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Exiting Lender see Section 2.17.7.

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).