Payment Subordination Agreement definition

Payment Subordination Agreement has the meaning assigned to such term in the definition of “Permitted Junior Intercreditor Agreement”.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by Guarantor in favor of Agent Bank on behalf of the Lenders on or before the Closing Date in the form of the Payment Subordination Agreement marked "Exhibit I", affixed hereto and by this reference incorporated herein and made a part hereof.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each Subordinated Debt Holder intending to loan or advance all or
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Examples of Payment Subordination Agreement in a sentence

  • Until Credit Facility Termination, Borrowers and Guarantor shall fully perform and comply with all covenants, terms and conditions imposed or assumed by Borrowers and Guarantor under the Payment Subordination Agreement executed in connection with the Subordinated Debt.

  • Based on available data the classification criteria are not met.Acute aquatic toxicityAcute toxicity - fish LC₅₀, 96 hours: 147.54 mg/l, Freshwater fish Estimated value.Acute toxicity - aquatic invertebratesAcute toxicity - aquatic plantsEC₅₀, 48 hours: 16.33 mg/l, Daphnia magna Estimated value.EC₅₀, 96 hours: 11.89 mg/l, Freshwater algae Estimated value.Propan-2-ol Toxicity Aquatic toxicity is unlikely to occur.

  • Compliance with Payment Subordination Agreement (Section 5.03): Report the amount of any payments made on the Subordinated Debt: Interest $______________ Principal $______________ C.

  • Xxxter, the Purchaser and the Company shall have executed and delivered a Severance Payment Subordination Agreement in the form of Exhibit C attached to this amendment.

  • Unless otherwise defined herein, capitalized terms used in ----------- this Amendment have the meanings provided in the Payment Subordination Agreement, as amended.

  • The Shareholder understands and agrees that the Contingent Payments she will receive, if earned, are Subordinated Obligations as that term is defined in the Contingent Payment Subordination Agreement in the form of Exhibit I attached hereto (the "Contingent Payment Subordination Agreement").

  • The Purchaser's credit facility with NationsBank, National Association pursuant to a Credit Agreement dated as of April 9, 1998 constitutes the only "Superior Indebtedness" of the Purchaser as that term is used in the Note Subordination Agreement (as hereinafter defined) and the Contingent Payment Subordination Agreement (as hereinafter defined).

  • Xxxxxxx, xxe Purchaser and the Company shall have executed and delivered a Severance Payment Subordination Agreement in the form of Exhibit B attached to this amendment.

  • The Credit Agreement (as defined in Section --------------------- I(D) and all other documents executed in connection therewith constitute the only "Superior Indebtedness" of the Purchaser as that term is used in the Note Subordination Agreement (as hereinafter defined) and the Contingent Payment Subordination Agreement (as hereinafter defined).

  • LDI CORPORATION By: ------------------------------- Title: ----------------------------- EXHIBIT C --------- SEVERANCE PAYMENT SUBORDINATION AGREEMENT This Severance Payment Subordination Agreement (this "Agreement") is entered into between THOMXX X.


More Definitions of Payment Subordination Agreement

Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each Subordinated Debt Holder intending to loan or advance all or any portion of the Subordinated Debt to Borrower, which shall be executed in favor of Agent Bank on behalf of the Lenders prior to any such loan or advance of funds under the Subordinated Debt in the form of the Payment Subordination Agreement marked "Exhibit P", affixed to the Second Amendment and by this reference incorporated herein and made a part hereof.
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Payment Subordination Agreement means the Payment Subordination Agreement to be executed by each
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Related to Payment Subordination Agreement

  • Intercompany Subordination Agreement means a subordination agreement executed and delivered by Borrowers and Agent, the form and substance of which is satisfactory to Agent.

  • 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.

  • 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 in form and substance and on terms and conditions satisfactory to Administrative Agent.

  • Subordination Agreement means an agreement among the Agent, the applicable Borrower or Subsidiary of the Borrower and the holder of any Subordinated Debt, pursuant to which such Indebtedness is made subordinate in right of payment to Payment in Full of all Obligations on terms reasonably satisfactory to the Agent.

  • Payment Agreement means a written agreement which provides

  • Designation Agreement means a designation agreement in substantially the form of Exhibit G attached hereto, entered into by a Bank and a Designated Lender and accepted by the Administrative Agent.

  • Repayment Agreement means an agreement

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

  • Notice of Replacement Subordination Agent has the meaning specified in Section 3.08.

  • Reaffirmation Agreement means that certain Reaffirmation Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the Lenders and the other holders of the Secured Obligations.

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

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

  • 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, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • 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;

  • 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.

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

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

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

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).