Subordinating Parties definition

Subordinating Parties means those parties providing unsecured loans to the Debtors, including LoanStars, Fisnik Bizati, Petrit Bizati, Nevzat Bizati and Destan Kupa who have agreed to subordinate recovery on their claims pursuant to 11 U.S.C. § 510 until all allowed Class 4 General Unsecured Non-Priority Claims are paid in full.
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Subordinating Parties means each of the subordinating parties to the Subordination Agreements.
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Subordinating Parties means the Subordination Agreements from each of the Subordinating Parties, in form and content as set forth on Schedule "1.56" hereto.
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Examples of Subordinating Parties in a sentence

  • SIR and each obligor provided an undertaking to cooperate and explore all options with the Fund to maximize value to the Fund's unitholders and SIR and its shareholders in exchange for the Subordinating Parties not demanding repayment or enforcing security as a result of any such Related Party Obligation Default.

  • SIR and each Obligor provided an undertaking to cooperate and explore all options with the Fund to maximize value to the Income Fund's unit holders and SIR and its shareholders in exchange for the Subordinating Parties not demanding repayment or enforcing security as a result of any such Related Party Obligation Default.

  • Subordination Agreement Concurrent with the execution of the Credit Agreement, DNI entered into a subordination agreement (the “Subordination Agreement”) among the parties set forth on Annexure A thereto, the Lender and the Debt Guarantor, pursuant to which, among other things, the Subordinating Parties (as defined in the Subordination Agreement) agreed to subordinate any and all of their claims against the obligors set forth in the Credit Agreement to those claims of the Lender and the Debt Guarantor.


More Definitions of Subordinating Parties

Subordinating Parties collectively, Queen Bay Associates Limited Partnership, a New York limited partnership, ARG, Inc., a Delaware corporation, American Realty Management, Inc., a Pennsylvania corporation, and IMC, Inc., a Pennsylvania corporation.
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Related to Subordinating Parties

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordination The provisions described in Section 4.05 relating to the allocation of Realized Losses.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Senior Lender means each holder of a Senior Note.

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Senior Representative means, with respect to any series of Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt or other Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Subordination Agreement means any subordination or intercreditor agreement(s) entered into with respect to any subordinate financing related to the Project, as the same may be amended, supplemented or restated.

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

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

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Contracting Parties has the meaning set forth in Section 9.14.

  • Notice Parties means those Persons who are required to receive notice of filings made with the CPUC pursuant to A. 00-00-000.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.