Examples of Timber Manager Subordination Agreement in a sentence
The Administrative Agent shall have received a duly executed Timber Manager Subordination Agreement, or a duly executed Reaffirmation of Timber Manager Subordination Agreement, as applicable, dated as of the date hereof, together with a copy of each Timberland Operating Agreement and its corresponding Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
If at any time the Administrative Agent consents to the appointment of a new or additional timber manager, such new or additional manager and the applicable Loan Parties (and applicable Subsidiaries, if any) shall, as a condition of the Administrative Agent’s consent, execute an agreement either substantially in the form of the Timber Manager Subordination Agreement as of the Effective Date or in form and content acceptable to the Administrative Agent in its sole discretion.
The Administrative Agent shall have received a duly executed Timber Manager Subordination Agreement, in form and substance reasonably acceptable to the Administrative Agent, dated as of the Effective Date, together with a copy of each Timberland Operating Agreement and its corresponding Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
The Administrative Agent shall have received a duly executed Timber Manager Subordination Agreement, in form and substance reasonably acceptable to the Administrative Agent, dated as of December 23, 2014, together with a copy of each Timberland Operating Agreement and its corresponding Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
COBANK, ACB, as Senior Administrative Agent By: Name: Title: WACHOVIA BANK, NATIONAL ASSOCIATION, as Subordinated Administrative Agent By: Name: Title: WXXXX TIMBERLAND MANAGEMENT ORGANIZATION, LLC By: Name: Title: LOAN PARTIES TIMBERLANDS II, LLC By: Name: Title: Timber Manager Subordination Agreement Signature Page WXXXX TIMBERLAND ACQUISITION, LLC By: Name: Title: WXXXX TIMBERLAND REIT, INC.
Each Lender shall have received a reaffirmation of the Timber Manager Subordination Agreement, in substantially the form of Exhibit O attached hereto, dated as of the date hereof, duly executed by the Timber Manager, Xxxxx Timberland, Xxxxx TRS Subsidiary, Xxxxx HBU and the Administrative Agent, together with a copy of the Xxxxx Timberland Operating Agreement and its corresponding Reaffirmation of Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
Each Lender shall have received the Timber Manager Subordination Agreement, dated as of the date hereof, duly executed by the Timber Manager, Xxxxx Timberland, Xxxxx TRS Subsidiary, Xxxxx HBU and the Administrative Agent, together with a copy of the Xxxxx Timberland Operating Agreement.
If at any time the Administrative Agent consents to the appointment of a new manager, such new manager and the Loan Parties shall, as a condition of the Administrative Agent’s consent, execute an agreement in substantially the form of the Timber Manager Subordination Agreement.
If at any time the Administrative Agent consents to the appointment of a new timber manager, such new manager and the Loan Parties shall, as a condition of the Administrative Agent’s consent, execute an agreement in substantially the form of the Timber Manager Subordination Agreement.