Examples of Junior Subordination Agreement in a sentence
Notwithstanding anything set forth herein to the contrary, it is hereby expressly agreed that upon the occurrence and during the continuance of an Event of Default, Lender may exercise any of the rights and remedies provided in this Agreement, the Note Purchase Agreement, or any other agreement executed in connection therewith, subject to the Senior Subordination Agreement and the Junior Subordination Agreement.
Purchaser shall not make prepayments on any existing or future Indebtedness to any Person other than (i) to Capital Source in accordance with the terms of the Credit Agreement, (ii) to Seller subject to the terms of the Master Subordination Agreement, or (iii) to the Debenture Holder subject to the terms of the Junior Subordination Agreement or (iv) to the extent specifically permitted by this Agreement or any subsequent agreement between Purchaser and Seller.
In addition, all such insurance shall be payable to the Secured Party as loss payee (subject to the Senior Subordination Agreement and the Junior Subordination Agreement).
From and after the occurrence of an Event of Default, and subject to the terms of the Note Purchase Agreement, the Senior Subordination Agreement and the Junior Subordination Agreement, Borrower agrees that Lender or a conservator appointed by Lender, shall have the right to establish such reasonable additional product quality controls as Lender or such conservator, in its sole judgment may deem necessary to assure maintenance of the quality of products sold by Borrower under the Trademarks.
The Junior Subordination Agreement, dated as of September 29, 1997, among BankBoston, N.A., Morgan Guaranty Trust Company of New York, the Company and the other parxxxx xamed therein shall have been amended in form and substance reasonably satisfactory to the Purchasers.