Subordinated Loan definition

Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.
Subordinated Loan means a loan obligation of any corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not a Second Lien Loan or a First Lien/Last Out Loan.

Examples of Subordinated Loan in a sentence

  • In addition and notwithstanding the foregoing provisions of this Section 6(b), any amounts funded by the Subordinated Lender under the Subordinated Loan Documents as a result of (A) the making of any Protective Advances or other advances by the Subordinated Lender, or (B) interest accruals or accretions and any compounding thereof (including default interest), shall not be deemed to contravene this Section 6(b).

  • Subordinated Lender shall not Transfer more than 49% of its beneficial interest in the Subordinated Loan unless either (i) a Rating Agency Confirmation has been given with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes of this Agreement, or (ii) such Transfer is to a Qualified Transferee.

  • If a Proceeding shall have occurred, Lender shall be entitled to receive payment and performance in full of all amounts due or to become due to Lender before Subordinated Lender is entitled to receive any payment on account of the Subordinated Loan.

  • Notwithstanding anything contained in this Agreement, Subordinated ▇▇▇▇▇▇ agrees that it shall in no event Transfer all or any part of the Subordinated Loan to Borrower or to any Person which is an Affiliate of Borrower and any such Transfer shall be void ab initio.

  • Lender may, from time to time, in its sole discretion Transfer all or any of the Loan or any interest therein, and notwithstanding any such Transfer or subsequent Transfer, the Loan and the Loan Documents shall be and remain a senior obligation in the respects set forth in this Agreement to the Subordinated Loan and the Subordinated Loan Documents in accordance with the terms and provisions of this Agreement.


More Definitions of Subordinated Loan

Subordinated Loan has the meaning set forth in Section 1.2(a).
Subordinated Loan shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.
Subordinated Loan has the meaning set forth in the Sale Agreement.
Subordinated Loan means a loan secured by a lien that is lower in priority than one or more specified other liens.
Subordinated Loan means a subordinated revolving loan from a Seller to the Buyer which is evidenced by a Subordinated Note.
Subordinated Loan has the meaning set forth in the Subordinated Loan Agreement.
Subordinated Loan means the loan evidenced by the Subordinated Note.