Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower and Subordinated Lender which shall set forth the basis upon which the “Subordinated Noteholder” may receive, and Borrower may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 3 contracts
Samples: Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Borrowers and Subordinated Lender which shall set forth the basis upon which the “Subordinated Noteholder” Lender may receive, and Borrower Borrowers may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 2 contracts
Samples: Security Agreement (Fairchild Corp), Security Agreement (Fairchild Corp)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Borrowers and Subordinated Lender Lenders which shall set forth the basis upon which the “Subordinated Noteholder” may receive, and Borrower Borrowers may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 2 contracts
Samples: Credit and Security Agreement (Akrion, Inc.), Credit and Security Agreement (Akrion, Inc.)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Borrowers and Subordinated Lender which shall set forth the basis upon which the “"Subordinated Noteholder” " may receive, and Borrower Borrowers may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 1 contract
Samples: Revolving Credit (Teamstaff Inc)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower and Subordinated Mezzanine Lender which shall set forth the basis upon which the “"Subordinated Noteholder” " may receive, and Borrower may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 1 contract
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Holdings and Subordinated Lender BIL which shall set forth the basis upon which the “"Subordinated Noteholder” " may receive, and Borrower Holdings may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent Lenders in its their sole discretion;
Appears in 1 contract
Samples: Revolving Credit (Graham Field Health Products Inc)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Borrowers and Subordinated Lender which shall set forth the basis upon which the “Subordinated Noteholder” Lender may receive, and Borrower Borrowers may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion and shall subordinate the Lien of Subordinated Lender on the Collateral on terms satisfactory to Agent in its sole discretion;
Appears in 1 contract
Samples: Credit and Security Agreement (Vista Information Solutions Inc)
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower and each Subordinated Lender which shall set forth the basis upon which the “Subordinated Noteholder” may receive, and Borrower may make, payments under the applicable Subordinated Note, which basis shall be reasonably satisfactory in form and reasonably satisfactory in substance to Agent in its sole discretionAgent;
Appears in 1 contract
Subordination Agreements. Agent shall have entered into a Subordination Agreement with Borrower Borrowers and Subordinated Lender which shall set forth the basis upon which the “Subordinated Noteholder” XXXX may receive, and Borrower Borrowers may make, payments under the Subordinated Note, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 1 contract
Samples: Security Agreement (Amrep Corp.)
Subordination Agreements. Agent shall have entered into a the Subordination Agreement with Borrower and Subordinated Lender Agreements which shall set forth the basis upon which the “holders of the Subordinated Noteholder” Indebtedness may receive, and Borrower Borrowers may make, payments under the Subordinated Notepayments, which basis shall be satisfactory in form and substance to Agent in its sole discretion;
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Pietrafesa Corp)
Subordination Agreements. Administrative Agent and Lenders shall have entered into a Subordination Agreement with Borrower Borrowers and the Subordinated Lender Note Holders which shall set forth the basis upon which the “Subordinated Noteholder” Note Holders may receive, and Borrower Borrowers may make, payments under the Subordinated NoteNotes, which basis shall be reasonably satisfactory in form and substance to Agent in its sole discretionAdministrative Agent;
Appears in 1 contract
