Subordinating Parties definition

Subordinating Parties means those parties providing unsecured loans to the Debtors, including LoanStars, Fisnik Bizati, Petrit Bizati, Nevzat Bizati and Destan Kupa who have agreed to subordinate recovery on their claims pursuant to 11 U.S.C. § 510 until all allowed Class 4 General Unsecured Non-Priority Claims are paid in full.
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Subordinating Parties means each of the subordinating parties to the Subordination Agreements.
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Subordinating Parties means the Subordination Agreements from each of the Subordinating Parties, in form and content as set forth on Schedule "1.56" hereto.
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Examples of Subordinating Parties in a sentence

  • SIR and each obligor provided an undertaking to cooperate and explore all options with the Fund to maximize value to the Fund's unitholders and SIR and its shareholders in exchange for the Subordinating Parties not demanding repayment or enforcing security as a result of any such Related Party Obligation Default.

  • The Subordinating Parties (and, by its signature below, Administrative Agent) acknowledge and agree that each reference in the Subordination Agreement to the “Expense Support Agreement” shall mean and refer to that certain Second Amended and Restated Expense Support Agreement, dated as of January 1, 2019, by and among the Subordinating Parties, including any extensions of the term of such agreement or any similar amendments to such agreement or any similar replacement or successor agreements.

  • Further, the Subordinating Parties acknowledge and agree that each reference in the Subordination Agreement to the “Credit Agreement” shall hereafter mean and refer to the Agreement, as the same may be amended, restated, modified or supplemented from time to time.

  • Without affecting the terms of this Agreement or the subordination agreed to by the Subordinating Party, the Bank in its sole discretion from time to time may alter the terms or extend the maturity of the Obligations, or increase the amount of the Obligations, or make any other amendment to the Obligations, all without notice to, or approval or consent of, the Subordinating Parties.

  • Each of the Subordinating Parties agrees that, within ten (10) days following the Agent's written request therefor, such Subordinating Party will execute, deliver and file any and all such termination statements, mortgage discharges, lien releases and other agreements and instruments as the Agent reasonably deems necessary or appropriate in order to give effect to the preceding sentence.

  • Subordinating Parties have executed this Consent to be effective as of the 13th day of December, 1995.

  • Safeguard (in its individual capacity and in its capacity as the Subordinating Agent and a Subordinating Creditor) and SCP (in its individual capacity and in its capacity as a Subordinating Creditor) are individually referred to herein as a "Subordinating Party" and collectively as the "Subordinating Parties".

  • Each of the Subordinating Parties hereby irrevocably appoints the Agent, and its successors and assigns, and their respective officers, with full power of substitution, the true and lawful attorney(s) of such Subordinating Party for the purpose of effecting any such executions, deliveries and filings if and to the extent that such Subordinating Party shall have failed to perform such obligations pursuant to the foregoing provisions of this Section 3 within such ten (10) day period.

  • Subordinating Parties acknowledge and accept that each other party is entering into this Agreement in reliance upon the representations and warranties made by each of them hereunder.

  • Each of the Subordinating Parties hereby agrees, upon request of the Agent at any time and from time to time, to execute such other documents or instruments as may be requested by the Agent further to evidence of public record or otherwise the senior priority of the Senior Debt as contemplated hereby.


More Definitions of Subordinating Parties

Subordinating Parties means – 2.1.15.1 the Original Subordinating Parties; and 2.1.15.2 the Additional Subordinating Parties,
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Subordinating Parties collectively, Queen Bay Associates Limited Partnership, a New York limited partnership, ARG, Inc., a Delaware corporation, American Realty Management, Inc., a Pennsylvania corporation, and IMC, Inc., a Pennsylvania corporation.
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Related to Subordinating Parties

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordination The provisions described in Section 4.05 relating to the allocation of Realized Losses.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Senior Lender means each holder of a Senior Note.

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Note Parties means, collectively, the Issuer and each Guarantor.

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Senior Debt Documents means (a) the Credit Agreement Loan Documents and (b) any Additional Senior Debt Documents.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Subordination Agreement means any subordination agreement in form and substance satisfactory to Administrative Agent entered into from time to time with respect to Subordinated Debt.

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Additional Senior Debt Parties means, with respect to any series, issue or class of Additional Senior Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any Guarantor under any related Additional Senior Debt Documents.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Debt Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent or representative under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Contracting Parties has the meaning set forth in Section 9.14.

  • Notice Parties means those Persons who are required to receive notice of filings made with the CPUC pursuant to A. 00-00-000.