Subordination Provision definition

Subordination Provision means any provision in any Existing Acquisition Note or any Approved Acquisition Subordinated Note whereby the obligations of the applicable Loan Party to any payee or obligee thereunder are subordinated to the Obligations under the Loan Documents.
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Subordination Provision has the meaning assigned to such term in Section 7.01(l).
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Subordination Provision shall have the meaning assigned to such term in Section 9.01(b) of the Purchase and Servicing Agreement.
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Examples of Subordination Provision in a sentence

  • If any Subordination Provision shall in any material respect cease to be a legal, valid and binding obligation of the obligee or payee thereunder except for the termination of such Subordination Provision pursuant to its terms.

  • In addition, without the consent of the Holders of at least 75% of the aggregate outstanding principal amount of the Notes, an amendment or waiver may not make any change to or modify the Intercompany Subordination Provision.

  • EXHIBIT G Form of Officers' Certificate EXHIBIT H U.S. Pledge Agreement EXHIBIT I Security Agreement EXHIBIT J Form of Subsidiary Guaranty EXHIBIT K Form of Solvency Certificate EXHIBIT L Form of Assignment and Assumption Agreement EXHIBIT M Form of Intercompany Note EXHIBIT N Form of Permitted Earn-Out Debt Subordination Provision EXHIBIT O Form of Permitted Seller Note EXHIBIT P Form of Shareholder Subordinated Note CREDIT AGREEMENT, dated as of April 7, 2004 among AC SAFETY HOLDING CORP.

  • In addition, the Indenture will provide that, without the consent of the Holders of at least 75% of the aggregate outstanding principal amount of the Notes, an amendment or waiver may not make any change to or modify the Intercompany Subordination Provision.

  • The "Subordination Provision" of Section 2.3 of the Deed of Trust is expressly reaffirmed as continuously valid as of the date hereof.

  • Reliance by Holders of Senior Indebtedness on Subordination Provision 77 WESTELL TECHNOLOGIES, INC.

  • The "Subordination Provision" of Section 2.3 of the Deed of Trust is expressly reaffirmed as continuously valid and in RM force and effect as of the date hereof.

  • Reliance by Holders of Senior Debt on Subordination Provision ...................................................51 ARTICLE 11.