Subordination and Standstill Agreement definition

Subordination and Standstill Agreement means that certain Subordination and Standstill Agreement dated as of the date hereof between Lender and Mortgage Lender, as the same may be from time to time amended, revised, modified, supplemented or amended and restated.
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Subordination and Standstill Agreement means in each case an agreement between Lender and any party whose debt is to be subordinate to the Loan, including the Subordinate Lender, pursuant to which the parties agree to the Subordination Requirements.
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Subordination and Standstill Agreement shall have the meaning set forth in Section 2.2(c)(iv).
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Examples of Subordination and Standstill Agreement in a sentence

  • The Agent shall have received an executed counterpart of the Bond Subordination and Standstill Agreement.

  • The Bond Subordination and Standstill Agreement is solely for the benefit of Agent and the Lenders and not for the benefit of the Borrower or Guarantors, and the Borrower and Guarantors shall have no rights thereunder or any right to insist on the performance thereof.

  • The Borrower shall be permitted to pay amounts with respect to the “Subordinate Debt” (as defined in the Bond Subordination and Standstill Agreement) only at such times and to the extent that no Default or Event of Default exists or would arise as a result thereof.

  • The Borrower and Guarantors acknowledge that the existence of the Bond Subordination and Standstill Agreement and the performance by Agent and the Lenders of their obligations under the Bond Subordination and Standstill Agreement shall not affect, impair or release the obligations of the Borrower or Guarantors under the Loan Documents.

  • The Borrower, Guarantors and the Lenders acknowledge that Agent has entered into the Bond Subordination and Standstill Agreement.

  • The Agent is authorized to take such action on behalf of each of the Lenders and to exercise all such powers as are hereunder and under any of the other Loan Documents and any related documents delegated to the Agent (including entering into the Bond Subordination and Standstill Agreement), together with such powers as are reasonably incident thereto, provided that no duties or responsibilities not expressly assumed herein or therein shall be implied to have been assumed by the Agent.

  • All amounts loaned to the Authority and which are subject to the Bond Subordination and Standstill Agreement.

  • Any amendment of the Bond Subordination and Standstill Agreement or waiver of the terms thereof shall require the written consent of the Required Lenders.

  • Without the prior written consent of the Required Lenders, which consent may be withheld by the Required Lenders in their sole and absolute discretion, the Borrower shall not (i) modify or amend the Subordinate Debt, (ii) prepay, amortize, purchase, retire, redeem or otherwise acquire the Subordinate Debt, except as expressly permitted in the Bond Subordination and Standstill Agreement, or (iii) make any payments on the Subordinate Debt except as permitted in this §8.19.

  • The Subordination and Standstill Agreement is solely for the benefit of the Agent and the Lenders and not for the benefit of the Borrower, and the Borrower shall have no rights thereunder or any right to insist on the performance thereof.


More Definitions of Subordination and Standstill Agreement

Subordination and Standstill Agreement means that certain subordination and standstill agreement delivered in connection herewith.
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Subordination and Standstill Agreement means the agreement under which Lender subordinates its rights as a creditor of Borrower to the Bank Loan Documents.
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Subordination and Standstill Agreement means an intercreditor, subordination, subordination and standstill or similar agreement executed by and between the Lenders (or the Administrative Agent on their behalf) and the other holder(s) of Liens on the Collateral, providing, at a minimum, that all such Liens on the Collateral are subordinate in their entirety to the Lien of the Security Agreement, that such other holder(s) will not exercise any rights against the Collateral or the obligors thereunder for a period reasonably acceptable to the Lenders following payment in full of the Obligations, that such other holder(s) waive all rights in a bankruptcy or insolvency of any related party, together with other customary provisions reasonably requested by the Lenders.
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Related to Subordination and Standstill Agreement

  • Standstill Agreement shall have the meaning set forth in Section 6.03.

  • 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.

  • 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.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Waiver Agreement means an agreement between

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Note Agreement hereunder," "hereof," "herein," or words of like import referring to the Note Agreement, shall mean and be a reference to the Note Agreement, as amended hereby.

  • Affiliate Subordination Agreement means an Affiliate Subordination Agreement in the form of Exhibit B pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.

  • 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.

  • Reservation Agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

  • Existing Intercreditor Agreement means the existing intercreditor agreement dated 11 May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007, as amended and restated on 5 November 2009 and as further amended on 5 November 2010) between, inter alia, Beverage Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Xxxxxxxx Group Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings (Luxembourg) III S.à x.x., Credit Suisse AG (formerly Credit Suisse) as security trustee and others.

  • Note Agreements means, collectively, the 2011 Note Agreement and the 2014 Note Agreement.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Second Amendment Agreement means that certain Second Amendment Agreement dated as of October 4, 2011, among Xxxxx 0, xxx Xxxxxxxx, Xxxxxxx Xxxxx Capital Corporation, as administrative agent and collateral agent, and the Tranche B II Term Lenders party thereto, providing for, among other things, the amendment and restatement of the 2009 Credit Agreement.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Consent Agreement means this Consent Agreement, duly signed and concluded between the Commission and the Respondent, as contemplated in section 40(1) of the Act.