CIT Subordination Agreement definition

CIT Subordination Agreement means an intercreditor and subordination agreement by and between CIT and Lender and acknowledged by Obligors in substantially the form of EXHIBIT A.
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CIT Subordination Agreement means the Subordination Agreement dated as of March 18, 2004, among CIT/Group/Equipment Financing, Inc., Resorts, RIH, New Pier and KINA.
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CIT Subordination Agreement means that certain Subordination Agreement dated the date hereof by and among the Lenders, CIT and the Borrower which, among other matters, provides for the subordination of the Obligations (including the Term Loans) to the Senior Debt.
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Examples of CIT Subordination Agreement in a sentence

  • RIH shall not, and shall not agree to, amend, modify or supplement any of the CIT Agreements (or any amendment, modification or supplement thereof) in any manner, the effect of which would be to create a Principal Increase Provision (as defined in the CIT Subordination Agreement) or a Revolver Provision (as defined in the CIT Subordination Agreement), in each case without the prior written consent of such Holder.

  • Under the CIT Subordination Agreement, the obligation of the Borrower to make payments upon the Term Loans and the right of the Lenders to receive said payments are, under certain circumstances, precluded.

  • The provisions of the CIT Subordination Agreement are incorporated herein by this reference.

  • Holder and each assignee of all or any portion of this Note, by accepting this Note, agree to be bound by the terms and provisions of such CIT Subordination Agreement and by the covenant set forth in Section 11.17 of the Credit Agreement.

  • This Note is subject to the terms of the CIT Subordination Agreement of even date herewith by and among Obligors, Holder and CIT, pursuant to which this Note is subordinated to the prior payment of certain specified obligations of Obligors to CIT.


More Definitions of CIT Subordination Agreement

CIT Subordination Agreement shall have the meaning set forth in the Master Agreement.
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Related to CIT Subordination Agreement

  • Affiliate Subordination Agreement means an Affiliate Subordination Agreement in the form of Exhibit F pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

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

  • 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.

  • 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.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes Indenture and all other instruments, agreements and other documents evidencing the Senior Subordinated Notes or providing for any guarantee or other right in respect thereof.

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • Payment Agreement means a written agreement which provides

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Designation Agreement means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit E hereto signed by such Designated Subsidiary and the Company.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Senior Note Indenture the Indenture entered into by Holdings, the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Notes, together with all instruments and other agreements entered into by Holdings, the Borrower or such Subsidiaries in connection therewith.

  • Repayment Agreement means the completed Program Application, including these Terms and Conditions signed by the Producer and an authorized representative of the Administrator.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Bailee Agreement means a Bailee Agreement among Seller, Buyer and Bailee in the form of Exhibit IV hereto.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.