Subordinate Credit Agreement definition

Subordinate Credit Agreement means the loan document governing the Subordinate Debt;
Sample 1
Subordinate Credit Agreement means credit agreement dated as of January 19, 2022 among the Borrower, as borrower, Canadian Imperial Bank of Commerce, in its capacity as administrative agent, as agent, Business Development Bank of Canada and the other lenders from time to time party thereto, as lenders, and the credit parties thereto from time to time.
Sample 1
Subordinate Credit Agreement means the unsecured subordinated promissory note or notes in the aggregate principal amount of USD$4,000,000 issued by Worldwide to the Subordinate Lender from time to time, as the same may, subject to the provisions hereof, be amended, modified, restated, replaced, supplemented or renewed from time to time."
Sample 1

Examples of Subordinate Credit Agreement in a sentence

  • All terms that are capitalized but not defined herein have the meanings attributed to such terms in the Subordinate Credit Agreement.

  • Debtor has entered into that certain Credit Agreement dated as of March 18, 2011, with Subordinate Creditors (as at any time amended, restated, modified or supplemented, the "Subordinate Credit Agreement").

  • On April 17, 2015, the Debtors received an initial draw of $3.85 million (the “ Initial Draw”) under the Subordinate Credit Agreement.

  • The foregoing description of the Subordinate Credit Agreement and the Senior Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the definitive agreements.

  • As of the Petition Date, the principal balance of the Subordinate Credit Agreement was $7.85 million.

  • This Promissory Note is one of the "Notes" referred to in the Subordinate Credit Agreement dated as of even date herewith, among Maker, as borrower, Agent, as agent for the benefit of the financial institutions from time to time party thereto (collectively, including Payee, the "Lenders") and the Lenders (as the same may be amended, modified, supplemented or restated from time to time, the "Credit Agreement"), and evidences Loans made by Payee thereunder.

  • Reflects the repayment of $57.0 million outstanding under existing Sierra Wireless debt facilities (including its Senior Credit Agreement, Subordinate Credit Agreement and Standby Letter of Credit Facility Agreement), each of which will be terminated upon consummation of the Acquisition.

  • This Agreement is an amendment and restatement in its entirety of that certain Subordinate Credit Agreement, dated October 27, 2004, by and between Borrower and Lender.

  • Pursuant to the Subordinate Credit Agreement, Subordinate Lenders have made or may hereafter make certain term loans to Debtor, as evidenced by the Notes (as defined in the Subordinate Credit Agreement) (as at any time amended, restated, modified or supplemented, the "Subordinate Notes").

  • The relative rights and priority of the Secured Parties, including, without limitation, the rights of each in and to the prepetition collateral securing the Senior Credit Agreement and the Subordinate Credit Agreement (together, the “ Prepetition Facilities”), aregoverned by the Subordination Agreement.


More Definitions of Subordinate Credit Agreement

Subordinate Credit Agreement means the Term Loan Credit Agreement dated as of January 18, 2008 by and among the Borrower, PWJ Lending II LLC, as agent, and the lenders from time to time party thereto, as amended, modified or supplemented from time to time in accordance with the terms of the Intercreditor Agreement.
Sample 1
Subordinate Credit Agreement means that certain Amended and Restated Credit Agreement by and among Borrowers, the lenders from time to time party thereto, and OneWest Bank, FSB, as administrative agent, dated as of April 15, 2013.
Sample 1
Subordinate Credit Agreement means that Subordinate Unsecured Credit ---------------------------- Agreement dated as of even date herewith, between the Borrower and certain lenders, as may be amended, modified or extended in accordance with the provisions of this Agreement.
Sample 1

Related to Subordinate Credit Agreement

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Bridge Credit Agreement means the credit agreement (if any) dated as of the Closing Date among the Parent, Bank of America, as administrative agent, and the lenders party thereto on terms specified in the Commitment Letter and otherwise on terms reasonably satisfactory to the Required Lenders, the proceeds of which are applied to finance a portion of the Sealy Acquisition and the Refinancing and to pay the Transaction Costs.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Credit Agreement shall have the meaning assigned to that term in the recitals to this Agreement and shall include any one or more other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, trustee, lender, group of lenders, creditor or group of creditors and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • DIP Credit Agreement means that certain senior secured superpriority debtor-in-possession credit agreement, dated September 25, 2020, as amended, supplemented, amended and restated, supplemented or modified from time to time, by and among the Debtors, the DIP Agent, and the DIP Lenders, as approved by the DIP Order.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Parent Credit Agreement means the Amended and Restated Credit Agreement, dated as of February 7, 2014, among Parent, the subsidiaries of Parent from time to time party thereto, Bank of America, N.A., as administrative agent, and the other financial institutions from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Credit Agreement as defined in the recitals hereto.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.