Subordinated Loan Agreement. The Agent shall have received evidence that the Subordinated Loan Agreement has been amended, in form and substance reasonably satisfactory to the Agent, to (i) defer maturity of the Subordinated Indebtedness until July 28, 2012 and (ii) reflect the conversion of the Tranche A/B Term Loans described therein into the Preferred Equity Interests, pursuant to the Subordinated Loan Agreement Amendment.
Subordinated Loan Agreement. (a) The occurrence of an Event of Default (as defined in the Subordinated Loan Agreement) resulting from Borrower’s failure to comply with Section 2.1.1(b) of the Subordinated Loan Agreement or (b) Bank’s exercise of remedies pursuant to Section 9.1(a) of the Subordinated Loan Agreement; or
Subordinated Loan Agreement. The occurrence of an Event of Default (as defined in the Subordinated Loan Agreement) under the Subordinated Loan Agreement.
Subordinated Loan Agreement. The Borrower and the Subordinated Lenders may not amend or waive any material term of a Subordinated Loan Agreement without the prior written consent of the Majority Lenders.
Subordinated Loan Agreement. To facilitate the carrying out of the Project, the Borrower shall cause PTSMI to make the entire proceeds of the Loan available to the Company through a Subordinated Loan Agreement between PTSMI and the Company, under which repayment obligations of the Company are subordinated to those of certain senior lenders and other terms and conditions acceptable to the Borrower and the Bank, which, unless otherwise agreed between the Borrower and the Bank, shall include the following:
Subordinated Loan Agreement. Borrowers and Guarantor will (i) furnish to Agent copies of all documents, instruments, notices, reports, certificates or other items which are furnished to or received from the administrative agent or any lender pursuant to the terms of the Subordinated Loan Agreement or any Loan Documents (as defined in the Subordinated Loan Agreement), at the same time as the same are furnished to or received from the administrative agent or any lender pursuant to the terms of Subordinated Loan Agreement or any such Subordinated Loan Documents (except to the extent a copy of any such item has previously been furnished to Agent and Lenders), and (ii) grant to Agent for the ratable benefit of the Lenders a first and prior Lien on any of their assets upon which the administrative agent or any lender under the Subordinated Loan Agreement is granted a Lien, prior to granting any such Lien to the administrative agent or any lender under the Subordinated Loan Agreement.
Subordinated Loan Agreement. The Company shall cause PCP to satisfy all of its obligations under the Subordinated Loan Agreement dated as of November 1, 1998 (THE "SUBORDINATED LOAN AGREEMENT") by and among PCP (f/k/a PCP Acquisition, Inc.), the lenders which are parties thereto (THE "SUBORDINATED LENDERS") and Canterbury Mezzanine Capital, L.P., as agent, including, without limitation, the repayment in full of the Loans (as defined in the Subordinated Loan Agreement) and all interest accrued thereon. The Company shall use its reasonable best efforts to cause the Subordinated Lenders to exercise the warrants evidenced by the Warrant Certificates (as defined in the Subordinated Loan Agreement) and to convert the Company Class B stock issued to the Subordinated Lenders thereunder into Company Common Stock.
Subordinated Loan Agreement. The Company and the Purchasers --------------------------- shall have entered into the Subordinated Loan Agreement, and the Subordinated Loan Agreement shall be in full force and effect as of the August 2000 Closing.
Subordinated Loan Agreement. Pursuant to the Subordinated Loan Agreement, the Lender provides the Issuer (acting in its capacity as Borrower) with the Subordinated Loan. See "Overview of Transaction Documents — The Subordinated Loan Agreement". Subscription Agreement Pursuant to the Subscription Agreement, the Lead Manager agrees to subscribe and pay for the Notes, on the Closing Date at the Issue Price.
Subordinated Loan Agreement. To facilitate the carrying out of the Project, the Borrower shall cause PTSMI to make the entire proceeds of the Loan available to the Company through a Subordinated Loan Agreement between PTSMI and the Company, under which repayment obligations of the Company are subordinated to those of certain senior lenders and other terms and conditions acceptable to the Borrower and the Bank, which, unless otherwise agreed between the Borrower and the Bank, shall include the following: the terms for relending the proceeds of the Loan shall be denominated in Rupiah with a repayment period of at least 24.5 years, including a grace period of at least 9 years and an interest rate of not more than 0.5% above the cost of funds to PTSMI under the Subsidiary Loan Agreement plus any actual income taxes payable by PTSMI as a result of lending to the Company; and the terms of the Subordinated Loan Agreement shall require that the Company use the proceeds of the Subordinated Loan Agreement exclusively for the purposes of the Project in accordance with the provisions of the Project Agreement and the Operations Manual. For the avoidance of doubt, the obligation of the Borrower to repay the Loan is not subordinated in any manner, notwithstanding the subordinated nature of the Subordinated Loan Agreement and notwithstanding any failure by the Company to meet any repayment obligations under the Subordinated Loan Agreement or any failure by PTSMI to meet any repayment obligations under the Subsidiary Loan Agreement. The Borrower shall exercise its rights under the Subsidiary Loan Agreement, and shall cause PTSMI to exercise its rights under the Subordinated Loan Agreement, in such manner as to protect the interest of the Borrower and the Bank and to accomplish the purposes of the Project. Except as the Borrower and the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate or waive the Subsidiary Loan Agreement or any of its provisions, and shall cause PTSMI not to assign, amend, abrogate or waive the Subordinated Loan Agreement or any of its provisions. To facilitate the carrying out of the Project, the Borrower shall make the proceeds of the Co-financing Loan available to PTSMI and PTSMI shall make the proceeds of the Co-financing Loan available to the Company, in each case in accordance with the terms of the Co-financing Agreement. The Borrower shall exercise its rights under the Subsidiary Loan Agreement, and shall cause PTSMI to exercise its rights under the S...
