Common use of Junior Financing Documentation Clause in Contracts

Junior Financing Documentation. The subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Restricted Indebtedness (without giving effect to the references to Threshold Amount in the definition thereof), if applicable; or

Appears in 2 contracts

Samples: Credit Agreement (Beasley Broadcast Group Inc), Credit Agreement (Beasley Broadcast Group Inc)

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Junior Financing Documentation. The lien or payment subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Restricted Indebtedness (without giving effect to the references to Threshold Amount in the definition thereof)Indebtedness, if applicable, or the Obligations shall, in whole or in part, cease to benefit from the provisions thereof; or

Appears in 2 contracts

Samples: Credit Agreement (AFG Holdings, Inc.), Abl Credit Agreement (AFG Holdings, Inc.)

Junior Financing Documentation. The subordination provisions set forth in any Junior Financing Documentation in respect of Junior Financing having an aggregate principal amount no less than the Threshold Amount shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Restricted Indebtedness party thereto (without giving effect to the references to Threshold Amount in the definition thereofor against any Person on whose behalf any such party makes any covenants or agreements therein), if applicable; oror otherwise not be effective to create the rights and obligations purported to be created thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.)

Junior Financing Documentation. The subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Restricted Indebtedness (without giving effect to the references to Threshold Amount in the definition thereof)Indebtedness, if applicable; or.

Appears in 1 contract

Samples: Credit Agreement (Velocity Financial, LLC)

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Junior Financing Documentation. The subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Restricted Indebtedness (without giving effect to the references to Threshold Amount in the definition thereof)Indebtedness, if applicable; or. 138

Appears in 1 contract

Samples: Credit Agreement (Velocity Financial, Inc.)

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