Subordinated Lender definition

Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

Subordinated Lender means TD in its capacity as lender under the Subordinated Loan Agreement and its successors and permitted assigns in such capacity under the Subordinated Loan Agreement.

Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement and "Subordinated Lenders" means, collectively, all of them;

Examples of Subordinated Lender in a sentence

• Notwithstanding anything to the contrary contained herein, the Borrowers shall not at any time grant to the Subordinated Lender, nor shall the Subordinated Lender have, a Lien on any Collateral.

• Upon the consummation of a Qualified Subsequent Financing, as such term is defined in the Financing Notes, the Subordinated Lender shall convert the entire Subordinated Debt into a junior class of preferred stock of the Debtor, which such class, among other limitations, is junior as to the liquidation rights of any more senior class of preferred stock, in such form and with such content as the Senior Lender and the Debtor may agree.

• Until the payment in full of all Senior Debt, the Subordinated Lender shall not have any right of subrogation, reimbursement, restitution, contribution or indemnity whatsoever from any Collateral of any Loan Party.

• Without limiting the generality of the foregoing, it is expressly agreed that all proceeds of Collateral received by the Subordinated Lender shall be paid over to the Senior Agent immediately for application to the Senior Debt until the payment in full of all Senior Debt.

• The Subordinated Lender shall segregate, hold in trust and immediately pay over to the Senior Agent, in the same form of payment received, with appropriate endorsements, for application to the Senior Debt any cash amount or other Collateral or other assets that any Loan Party pays to or delivers to the Subordinated Lender with respect to the Subordinated Debt.

More Definitions of Subordinated Lender

Subordinated Lender means the subordinated lender under the Subordinated Loan Agreement, being Volkswagen Financial Services (UK) Limited.

Subordinated Lender means Conseco, Inc., in its capacity as holder of the Subordinated Debt.

Subordinated Lender means any Person party to the Subordinated Loan Agreement as a “lender”.

Subordinated Lender means Avis Finance Company Limited, a private limited company incorporated in England and Wales, as lender to the Issuer under the Issuer Subordinated Facility Agreement.

Subordinated Lender means collectively, any Person who enters into a Subordination Agreement with Lender with respect to amounts owed by any Credit Party to such Subordinated Lender, including but not limited to Lone Star Value Co-Invest I, LP, Lone Star Value Management, Inc., Star Procurement, Inc., Digirad Corporation, ATRM Holdings, Inc., and Premier Bank.

Subordinated Lender means Banco Santander, S.A. in its capacity as subordinated lender under the Subordinated Loan Agreement;

Subordinated Lender means, as to any Subordinated Indebtedness, and collectively (if applicable) all of the lender(s) under and/or other holder(s) of such Subordinated Indebtedness.