Definition of Postponement and Subordination Undertaking

  1. Postponement and Subordination Undertaking means the postponement and subordination undertaking to be entered into by the non-Obligor Subsidiaries of the Borrower in favour of the Administrative Agent pursuant to Section 11.1(t), in form and substance satisfactory to the Administrative Agent as the same may be amended, modified, supplemented or replaced from time to time.

Examples of Postponement and Subordination Undertaking in a sentence

  1. The Borrower shall cause any Subsidiary of the Borrower which is not an Obligor, prior to the incurrence of any such Indebtedness, to execute and deliver to the Administrative Agent the Postponement and Subordination Undertaking or an instrument of adhesion thereto.

Definition of Postponement and Subordination Undertaking in Second Amended and Restated Credit Agreement

Postponement and Subordination Undertaking means the postponement and subordination undertaking to be entered into by the non-Obligor Subsidiaries of the Borrower in favour of the Administrative Agent pursuant to Section 11.1(t), in form and substance satisfactory to the Administrative Agent as the same may be amended, modified, supplemented or replaced from time to time.