Examples of SVB Subordination Agreement in a sentence
Notwithstanding anything contained in this Agreement, the rights of Lender under this Agreement shall be subject to the terms of the SVB Subordination Agreement or any other subordination or intercreditor agreement entered into by Lender in favor of holders of Permitted Senior Indebtedness.
Lender hereby agrees to execute and deliver subordination agreements or intercreditor agreements requested from time to time by holders of Permitted Senior Indebtedness (whether in favor of Silicon Valley Bank or whether in favor of other Persons holding Permitted Senior Indebtedness), provided that such subordination or intercreditor agreements shall be on terms that are consistent with the terms contained in the SVB Subordination Agreement and are in a form that is reasonably acceptable to Lender.
The Holder acknowledges that its priority and right of payment hereunder are subordinate to payment of the HP Debt and all obligations owed to SVB under the SVB Loan Agreement (as more fully described in that certain Subordination Agreement, dated December 31, 2003, between the Holders and SVB (the "SVB Subordination Agreement").
By executing this Agreement, each Purchaser agrees to execute and deliver customary forms of subordination agreement requested from time to time by holders of Senior Indebtedness (in addition to the SVB Subordination Agreement and the BT Subordination Agreement) as a condition to each Purchaser’s receipt of rights hereunder or under any Note.
SVB and each Purchaser shall have executed and delivered the SVB Subordination Agreement.
The Borrowers shall have executed and delivered to each Additional Purchaser the SVB Subordination Agreement.
Collateral Agent, Lenders and SVB shall have entered into the SVB Subordination Agreement, in form and substance acceptable to Lenders, whereby Collateral Agent and Lenders agree to be subordinate to the Liens to secure the Indebtedness permitted pursuant to clause (d) of the definition of Permitted Indebtedness.
GenPharm agrees to the terms and conditions set forth in the form of subordination agreement attached hereto as Exhibit B (the "SVB Subordination Agreement") and agrees from time to time at the request of the Company to enter into subordination agreements with respect to other Senior Debt on material terms and conditions no less favorable to GenPharm than those set forth in the SVB Subordination Agreement.
Each Purchaser shall have executed and delivered to the Borrowers and SVB, the SVB Subordination Agreement.
The Company, SVB, and each Purchaser (other than the Purchaser relying upon this condition to excuse such Purchaser’s performance hereunder), shall have executed and delivered the SVB Subordination Agreement.