Examples of Mezzanine Subordination Agreement in a sentence
The Agent shall have received executed copies of (A) the Mezzanine Subordinated Debt Documents in effect on the Effective Date, certified by a Responsible Officer of the Borrower Representative as being true, correct and complete and (B) the Mezzanine Subordination Agreement.
Lender shall have received an executed Mezzanine Subordination Agreement, an executed Seller Subordination Agreement, and an executed Leonite Subordination Agreement.
Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt, provided, however, that the applicable Credit Party may make certain payments in respect of the Mezzanine Subordinated Debt to the extent permitted under the Mezzanine Subordination Agreement.
The Agent shall have received satisfactory evidence that Borrowers have received at least $20,000,000 in gross proceeds from the issuance of the Mezzanine Subordinated Debt as contemplated under the terms of the Mezzanine Subordination Agreement and the Mezzanine Subordinated Debt Documents.
Each of the Mezzanine Subordination Agreement and the Mezzanine Subordinated Debt Documents shall be in form and substance reasonably satisfactory to the Agent and the Lenders and each shall have been duly authorized, executed and delivered by each of the parties thereto and shall be in full force and effect.
All Secured Obligations constitute Indebtedness entitled to the benefits of the subordination provisions contained in the Mezzanine Debt Documents and the Mezzanine Subordination Agreement.
Subject to the satisfaction of the conditions set forth in Section 4 hereof, the Administrative Agent and the Lenders hereby (a) consent to the Proposed Prepayment, and (b) acknowledge that, so long as the Proposed Prepayment complies with Section 2.2 hereof, such payment shall be deemed a Permitted Subordinated Debt Payment (as defined in the Mezzanine Subordination Agreement) under Section 2.2 of the Mezzanine Subordination Agreement and a permitted payment under Section 6.22 of the Credit Agreement.
This Amendment shall not constitute a consent to any other transactions prohibited by the Credit Agreement, the Mezzanine Subordination Agreement or any other Loan Document, nor shall this Section 2 be a waiver or modification of any other term, provision, or condition of the Credit Agreement, the Mezzanine Subordination Agreement or any other Loan Document.
The Administrative Agent shall have received the Loan Documents (including this Agreement, the Notes, the Recourse Guaranty, the Mezzanine Subordination Agreement and each Security Document), executed and delivered by a duly authorized officer of each party thereto, each in form and substance satisfactory to the Administrative Agent.
Notwithstanding anything to the contrary contained herein, no Noteholder shall be permitted to transfer any of its Notes unless such Noteholder's transferee has agreed in writing to be bound by the terms of this Agreement and the other Subordinated Notes Documents and the Mezzanine Subordination Agreement to which such Noteholder is a party, including the representations and warranties set forth in Article IV hereof.