Subordination Letter definition
Examples of Subordination Letter in a sentence
Notwithstanding anything to the contrary, each Payee acknowledges and agrees that its rights, benefits and remedies and the exercise thereof are subject to the terms and provisions of the Collateral Agency and Intercreditor Agreement dated as of the date hereof among the Payee, the other Purchasers, Insight and the other parties thereto and the Subordination Letter Agreement dated as of the date hereof among SVB and the Purchasers.
Notwithstanding anything to the contrary, each Payee acknowledges and agrees that its rights, benefits and remedies and the exercise thereof are subject to the terms and provisions of the Collateral Agency and Intercreditor Agreement dated as of the date hereof among the Payee, Insight and the other parties thereto and the Subordination Letter Agreement dated as of the date hereof among SVB, Insight and the other parties thereto.
A consulting agreement between J▇▇▇▇▇ ▇▇▇▇ and the Holding Company in form and substance reasonably satisfactory to the Required Lenders, as may be amended, modified or supplemented from time to time in accordance with the terms of this Credit Agreement, which agreement and Consulting Fees payable thereunder have been subordinated pursuant to the Consulting Fee Subordination Letter.
The parties hereby agree and acknowledge that this Agreement and the liens granted hereunder are subject to the subordination provisions and the other terms and conditions set forth in the Subordination Letter Agreement, and they will be bound by, and will take no actions hereunder contrary to, the provisions of the Subordination Letter Agreement.
A management agreement between Selway or an Affiliate thereof and the Holding Company in form and substance reasonably satisfactory to the Required Lenders, as may be amended, modified or supplemented from time to time in accordance with the terms of this Credit Agreement, which agreement and the Management Fees payable thereunder have been subordinated pursuant to the Management Fee Subordination Letter.