Tier 6 Junior Lender definition

Tier 6 Junior Lender or “Xxxxxx”), and the party identified as “Lender” below (“Tier 7 Junior Lender”), as defined as to all in the Subordination Agreement. Lender’s loan and security interest has no seniority over any of the above. Each holder of this instrument (“Promissory Note”), by its acceptance hereof, agrees (i) to be bound by the Subordination Agreement and (ii) that if and to the extent any conflict exists between the terms of this instrument and the terms of the Subordination Agreement, the terms of the Subordination Agreement shall govern and control.
Sample 1Sample 2Sample 3
Tier 6 Junior Lender or “Xxxxxx”), and the party identified as “Lender” below (“Tier 7 Junior Lender”), as defined as to all in the Subordination Agreement. Lender’s loan and security interest has no seniority over any of the above. Each holder of this instrument (“Promissory Note”), by its acceptance hereof, agrees (i) to be bound by the Subordination Agreement and (ii) that if and to the extent any conflict exists between the terms of this instrument and the terms of the Subordination Agreement, the terms of the Subordination Agreement shall govern and control. $389,942.00 Date: March 30, 0000 Xxxxxx, Xxxxx FOR VALUE RECEIVED, the undersigned, a Nevada corporation having an address set forth below its signature herein (“Borrower”), hereby promises to pay to the order of Xxxxx X. Xxxx (“Lender”) at his address listed on the signature page hereto, the principal amount set forth above plus interest thereon from the date hereof, in U.S. Dollars in immediately available funds.
Sample 1
Tier 6 Junior Lender or “Xxxxxx”), and the party identified as “Lender” below (“Tier 7 Junior Lender”), as defined as to all in the Subordination Agreement. Lender’s loan and security interest has no seniority over any of the above. Each holder of this instrument (“Promissory Note”), by its acceptance hereof, agrees (i) to be bound by the Subordination Agreement and (ii) that if and to the extent any conflict exists between the terms of this instrument and the terms of the Subordination Agreement, the terms of the Subordination Agreement shall govern and control. AMENDMENT NO. 4 TO PROMISSORY NOTE, dated as of October 31, 2012 (this “Amendment”), between (a) CornerWorld Corporation, a Nevada corporation (the “Borrower”), and (b) Internet University, Inc. (the “Lender”).
Sample 1

Examples of Tier 6 Junior Lender in a sentence

  • Pursuant to the Settlement Agreement, Tier 6 Junior Lender shall receive a portion of the proceeds of the Senior Loan and Tier 2 Loan, and has agreed to release Tier 6 Junior Lender's existing liens on all of the Global Collateral currently encumbered in favor of Tier 6 Junior Lender.

  • Tier 6 Junior Lender acknowledges that, in accordance with the Settlement Agreement, each member of the Optionee Group was already entitled to a security position in the Ranger Collateral senior to the secured position of Tier 6 Junior Lender, and agrees that the implementation of the Cross-Collateralization Election merely serves to complete the rights negotiated on behalf of the Optionee Group pursuant to the Settlement Agreement.

  • Benefits of these protections extend indirectly to other components of interconnected ecosystems.

  • Upon receipt of a Secondary Option Exercise Notice, if the Secondary Option Trigger giving rise to such notice arose pursuant to clause (ii) of Section 13(A), then the Optionee Group shall have a period of five (5) Business Days in which to advise Agent and Tier 6 Junior Lender in writing of their decision to exercise their right to purchase the Senior Loan pursuant to Section 12 above (a "Preemption Notice").

  • Tier 6 Junior Lender is owed certain indebtedness by Holdings and has been involved in certain disputes resulting in the Litigation with Parent, Holdings and others.

  • Tier 6 Junior Lender hereby consents to the making of the Cross-Collateralization Election, and the resulting increase in the amount of indebtedness senior to the Tier 6 Loan that would come to be secured by the Ranger Collateral.

Related to Tier 6 Junior Lender

  • Senior Lender means each holder of a Senior Note.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

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

  • DIP Lender means a lender under the DIP Facility.

  • First Lien With respect to any second lien Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

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

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.