Payment Subordination Agreement definition
Examples of Payment Subordination Agreement in a sentence
Payment Subordination Agreement (for each Subordinated Debt incurred as of the Closing Date).
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.
Unsecured Subordinated Debt, the rate of interest and repayment terms of which are first approved in writing by Agent Bank and for which a Payment Subordination Agreement, in the form of Exhibit I hereto, has been first executed in favor of Agent Bank on behalf of Lenders.
Compliance with Payment Subordination Agreement (Section 5.03): Report the amount of any payments made on the Subordinated Debt: Interest $______________ Principal $______________ C.
Subordinated Debt, the rate of interest and repayment terms of which are first approved in writing by Agent Bank and for which a Payment Subordination Agreement has been first executed in favor of Agent Bank on behalf of Lenders.
This Guaranty, together with the Credit Agreement, the Payment Subordination Agreement and other Loan Documents to which Guarantor is a party, constitute the entire agreement between Guarantor and Beneficiaries pertaining to the subject matter contained herein.
Report the amount of any payments made on the CCVLLC Subordinated Note during the fiscal period under review: Interest $______________ Principal $______________ Requirement: Only allowed to extent permitted in the Payment Subordination Agreement (CCVLLC).
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).
Unless otherwise defined herein, capitalized terms used in ----------- this Amendment have the meanings provided in the Payment Subordination Agreement, as amended.
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).