Examples of Junior Participant in a sentence
I acknowledge and am fully aware that in participating in the Event, the Junior Participant is being exposed to risks of personal injury, death or property damage or loss, which may result from many causes, including the Risks, active or passive negligence, imprudence, lack of skill, error of judgment, breach of contract or breach of statutory duty of care on the part of FCRCC, the Hosts or other Event participants.
In the event, however, that there are not sufficient assets available to permit payment in full of the Series A Liquidation Preference and the liquidation preferences of all other series of Preferred Stock, if any, which rank on a parity with the Series A Junior Participant Preferred Stock, then such remaining assets shall be distributed ratably to the holders of such parity shares in proportion to their respective liquidation preferences.
Borrower shall pay to the Supplemental Loan Lender, for the account of the Supplemental Loan Junior Participant, a fee equal to 1.0% per annum times the daily average undrawn portion of the Supplemental Loan to accrue from the date hereof and shall be payable quarterly in arrears to the Supplemental Loan Lender.
Signature by Xxxxxxxx Xxxxxxx Xxxxxxx, III Printed Signature STATE OF KENTUCKY, COUNTY OF JEFFERSON, SS: Before me, a Notary Public in and for said County and State, personally appeared Xxxxxxxx Xxxxxxx Xxxxxxx, III on behalf of Xxxxxxx Optometry Ministry, Inc., as Lessor herein, who acknowledged the execution of the foregoing instrument this day of , 20 .
I acknowledge that the Junior Participant is voluntarily participating in the Event for his or her benefit and enjoyment and the excitement associated with the Event, despite being informed of the Risks associated therewith.5. NO WARRANTIES.
I have informed the Junior Participant for whom I am the parent or legal guardian of the Risks associated with participating in the Event.
I am the parent or legal guardian of the Junior Participant set beside my name below and I hereby freely consent to the Junior Participant’s participation in the Event.
To the extent any such amounts are not reimbursed by or on behalf of Mortgage Loan Borrower, the Servicer shall be reimbursed promptly from payments otherwise distributable to the Junior Participant up to an amount equal to its pro rata share of such amounts (based upon the Senior Participation Principal Balance and the Junior Participation Principal Balance, respectively).
The Junior Participant agrees it will pay the expenses of the Senior Participant (including all expenses of the Servicer) in connection with any such Transfer.
The Junior Participation and the right of the Junior Participant to receive payments of interest, principal and other amounts with respect to such Junior Participation shall at all times be junior, subject and subordinate to the Senior Participation and the right of the Senior Participant to receive payments of interest, principal and other amounts with respect to the Senior Participation as set forth herein.