Junior Creditor definition

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.

Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every monetary 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.

Junior Creditor means the Subordinated Creditor and its successors and assigns.

Examples of Junior Creditor in a sentence

• The Junior Creditor agrees that, in connection with any such sale or other disposition, (i) the Senior Creditor is authorized to file any and all UCC and other applicable lien releases and/or terminations in respect of the liens held by the Junior Creditor in connection with such a sale or other disposition, and (ii) it shall execute any and all lien releases or other documents reasonably requested by the Senior Creditor in connection therewith.

• Any of the foregoing shall not, in any manner, affect the terms hereof or impair the obligations of Junior Creditor hereunder.

• The Debtor and the Junior Creditor covenant for the benefit of the Senior Creditor that the Junior Debt is and shall at all times be subordinated and subject in point of priority and right of payment to the prior payment in full of the Senior Debt.

• The Senior Creditor has no responsibility to the Junior Creditor in connection with obtaining or maintaining custody of such documents.

• Each of the Debtor and the Junior Creditor agrees for the benefit of the Senior Creditor that the provisions of this Deed shall not be impaired, discharged or otherwise affected by any amendment, restatement or supplement to any Senior Document.

More Definitions of Junior Creditor

Junior Creditor means each Foreign Subsidiary party hereto from time to time and its successors and assigns.

Junior Creditor has the meaning set forth in the introductory paragraph of this Agreement.

Junior Creditor means the Junior Creditor referred to in the introductory paragraph hereof and any other holder from time to time of any Junior Debt, as appropriate.

Junior Creditor means a holder of a Junior Liability.

Junior Creditor means any Holder, including the Payee.

Junior Creditor has the meaning set forth in Section 10.17(b)(ii).

Junior Creditor shall have the meaning assigned to that term in subsection 4.2(f).