Xxxxxx Subordination Agreement definition

Xxxxxx Subordination Agreement means that certain Vendor Lien Subordination Agreement dated October 28, 2004, between the Agent and Xxxxxx Tire & Rubber Company.

Xxxxxx Subordination Agreement means a subordination agreement in form and substance reasonably satisfactory to the Purchasers pursuant to which the Xxxxxx Payment Obligations are subordinated to all Obligations.

Xxxxxx Subordination Agreement means that certain Subordination Agreement executed on the Closing Day by Xx. Xxxx Xxxxxx in favor of Tennessee Farmers, a form of which is attached hereto as Exhibit D.

Examples of Xxxxxx Subordination Agreement in a sentence

• The Borrower and its Restricted Subsidiaries shall make no payments or distributions with respect to (i) the Xxxxxx Subordinated Notes, except as permitted under the Xxxxxx Subordination Agreement or (ii) the Senior Subordinated Notes, except as permitted under the subordination provisions of such Senior Subordinated Notes.

• The Lenders hereby irrevocably authorize and direct Agent to enter into the Xxxxxx Subordination Agreement and any intercreditor agreement as contemplated by clause (z) of the definition of “Permitted Liens”.

• Xxxxxx does not include the indebtedness evidenced by the 12% Subordinated Convertible Notes in the aggregate amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) of even date herewith (the "New Xxxxxx Notes") given by the Company, which Notes are superior to the Junior Debt pursuant to the provisions of the Xxxxxx Subordination Agreement of even date herewith.

• Prepay, redeem, purchase, defease or otherwise satisfy in cash prior to the scheduled maturity thereof in any manner any Restricted Debt (except, in the case of the Xxxxxx Obligations, to the extent not prohibited by the Xxxxxx Subordination Agreement (including the payment of “Permitted Payments” and payments in satisfaction of the “Rami Payment Rights” (in each case as defined in the Xxxxxx Subordination Agreement)).

• Provided that the Superior Debt has been fully and finally paid and discharged, and subject to the Xxxxxx Subordination Agreement of even date herewith, Creditors shall be subrogated to the rights of Guarantor to receive payments or distributions of cash, property or securities payable or distributable on account of the Superior Debt to the extent of all payments and distributions paid over to or for the benefit of Guarantor pursuant to this Agreement.

More Definitions of Xxxxxx Subordination Agreement

Xxxxxx Subordination Agreement means that certain Subordination Agreement, dated as of the Closing Date, substantially in the form attached hereto as Exhibit E, among Agent, Borrower and Xxxxxx with respect to the Xxxxxx Notes, as the same may be amended, modified or supplemented from time to time.

Xxxxxx Subordination Agreement means that certain Subordination Agreement, dated as of the Closing Date, among the Subordinated Creditors (as defined therein) and the Administrative Agent.

Xxxxxx Subordination Agreement means the Subordination and Intercreditor Agreement in the form of Exhibit S hereto to be entered into among the Co-Borrowers, the Administrative Agent and Xxxxxx on or before the Amendment No. 21 Effective Date, as amended, restated, supplemented or modified from time to time.

Xxxxxx Subordination Agreement has the meaning specified in Section 9.06(i).

Xxxxxx Subordination Agreement means that certain Mutual Lien Intercreditor Agreement dated as of July 28, 2017 by and between Xxxxxx Subordinated Creditor and Lender and acknowledged by Trans-Lux.

Xxxxxx Subordination Agreement means that certain Intercreditor and Subordination Agreement, dated as of the Effective Date (as amended, supplemented or otherwise modified from time to time in accordance with its terms), between Agent, as senior agent, Xxxxxx Agent, as subordinated agent and the subordinated lenders party thereto.

Xxxxxx Subordination Agreement that certain Vendor Lien Subordination Agreement dated October 28, 2004, between the Administrative Agent and Xxxxxx Tire & Rubber Company as the same may be amended, restated, or otherwise modified from time to time.