Subordinated Party definition

Subordinated Party means the Owner Participant in its capacity as lender under the Intercompany Loan Agreement.

Subordinated Party means the Person that has agreed to be bound by these Terms of Subordination, together with its successors and assigns.

Subordinated Party means any Loan Party in its capacity as lender under an Intercompany Loan Agreement.

Examples of Subordinated Party in a sentence

• Notwithstanding any term of this Deed postponing, subordinating or preventing the payment of all or any part of the Subordinated Debt, the Subordinated Party shall, as between the Obligor and the Subordinated Party, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the Subordinated Documents.

• The Subordinated Party waives any right it may have of first requiring the Security Agent (or any other trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person claiming the benefit of this Deed.

• If any of the Secured Liabilities are wholly or partially paid out of any proceeds received in respect of or on account of the Subordinated Debt, the Subordinated Party will to that extent be subrogated to the Secured Liabilities so paid (and all securities and guarantees for those Secured Liabilities), but not before the expiry of the Subordination Period.

• The Security Agent will have no liability to the Obligor or to the Subordinated Party for any act, default, or omission in relation to the manner of exercise or any non-exercise of its rights, remedies, powers, authorities or discretions under this Deed or any failure to collect or preserve any Subordinated Debt or delay in doing so.

• Each of the Obligor and the Subordinated Party agrees that it will promptly, at the direction of the Security Agent (acting reasonably), execute and deliver at its own expense any document (to be executed as a deed or under hand) and do any act or thing in order to confirm or establish the validity and enforceability of the subordination effected by, and the obligations of the Obligor and the Subordinated Party under, this Deed.

More Definitions of Subordinated Party

Subordinated Party means any one of them individually;

Subordinated Party means any Person that has entered into or does from time to time enter into a Subordinated Agreement.

Subordinated Party means the Servicer, any replacement servicer appointed by any Obligor to manage any of the Aircraft in accordance with sub-clause 20.17.3 of the Facility Agreement and any person (a “Subordinated Contributor”) that enters into a Subordinated Contribution Agreement in order to make a Subordinated Contribution available to the Borrower, Owner or, if applicable, Owner Trustee.

Subordinated Party means any Shareholder Creditor or any Intercompany Creditor.

Subordinated Party means any Investor or Intercompany Lender.

Subordinated Party means the Primary Guarantor and any other Person that has entered into or does from time to time enter into a Subordinated Agreement.

Subordinated Party each party (and each other Person that may, from time to time, become a party) to a Subordination Agreement, other than the Agent. - Subordination Agreements: collectively, the SPC Subordination Agreement, the Shareholder Subordination Agreement and the Lenfxxx Xxxordination Agreement and any other subordination agreement hereafter executed and delivered to the Agent pursuant to the terms of this Agreement.