Subordinated Loan definition

Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

Subordinated Loan means any loan made by the General Partners to the Partnership pursuant to Section 6.10.

Subordinated Loan means a loan obligation of any corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not a Second Lien Loan or a First Lien/Last Out Loan.

Examples of Subordinated Loan in a sentence

• Notwithstanding anything to the contrary herein or in any Senior Loan Document or any Subordinated Loan Document, the Obligors shall not be required to act or refrain from acting pursuant to any Subordinated Loan Document with respect to any Collateral (as defined in the Senior Credit Agreement) in any manner that would cause a default under any Senior Loan Document or which is in violation of this Agreement.

• To the extent that there is a conflict or inconsistency between any provision hereof, on the one hand, and any provision of any Subordinated Loan Document or any Senior Loan Document, on the other hand, this Agreement shall control and prevail.

• The Subordinated Agent hereby acknowledges and agrees, for and on behalf of itself and the Subordinated Lenders, that no covenant, agreement or restriction contained in the Subordinated Loan Documents or otherwise shall be deemed to restrict in any way the rights and remedies of the Senior Agent or the Senior Lenders with respect to the Collateral as set forth in this Agreement and the Senior Loan Documents.

More Definitions of Subordinated Loan

Subordinated Loan has the meaning set forth in Section 1.2(a).

Subordinated Loan shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.

Subordinated Loan has the meaning set forth in the Sale Agreement.

Subordinated Loan has the meaning set forth in Section 1.3(a) of the Agreement.

Subordinated Loan means the loan evidenced by the Subordinated Note.

Subordinated Loan shall have the meaning ascribed to it in Section 2.1.

Subordinated Loan means any loan made to, or debt instrument issued by, the Borrower, under a Subordinated Loan Agreement, the Revolving Credit Agreement or any other document or instrument, which is subordinated to the rights and claims of the Finance Parties in accordance with the Subordination Agreement.