Examples of Subordinated Loan Documents in a sentence
To the extent any Subordinated Indebtedness is outstanding, the Obligations constitute “senior indebtedness,” “designated senior indebtedness” or any other such comparable term under, and as defined in, the Subordinated Loan Documents related thereto.
Notice of acceptance of this Subordination Agreement is hereby waived and this Subordination Agreement shall be binding upon the Junior Lender, its legal representatives, successors, and assigns, as the case may be, it being understood and agreed, however, that, unless otherwise agreed in writing by Bank, no assignment of the Subordinated Loan Documents, or any part thereof, shall be made without the prior written consent of the Bank.
As between Obligors and Subordinated Creditors, nothing contained in this Section 3.5 shall limit or waive any right that Subordinated Creditors have to enforce any of the provisions of the Subordinated Loan Documents against any Obligor.
This Subordination Agreement is the whole and only agreement with regard to the subordination of the liens, claims, and charges of the Subordinated Loan Documents to the Loan Documents.
To induce Senior Creditors to enter into the Senior Facility Loan Agreement and to make loans and advances thereunder, notwithstanding any other provision of the Subordinated Loan Documents to the contrary, any Distribution with respect to the Subordinated Indebtedness is and shall be expressly junior and subordinated in right and time of payment as set forth herein to all amounts due and owing upon all Senior Facility Debt outstanding from time to time.