Subordinating Creditors definition

Subordinating Creditors means any officer, director or shareholder of the Borrower to whom the Borrower is indebted.

Subordinating Creditors means collectively, the following persons and entities:

Subordinating Creditors. VACATION BREAK, U.S.A., INC. ______________________________ Name: By: /S/ XXXXX X. CAIRO ______________________________ -------------------------- Name: Its:__________________ Duly Authorized ATLANTIC MARKETING REALTY, INC. ______________________________ Name: By: /S/ XXXXX X. CAIRO ______________________________ ------------------------- Name: Its:_________________________ Duly Authorized XXXXX X. XXXXXX ______________________________ Name: ______________________________ By:_________________________ Name: LENDER: XXXXXX FINANCIAL, INC. ______________________________ Name: ______________________________ By:___________________________ Name: Its:__________________________ Duly Authorized XXXXX XX XXX XXXX ) )ss.: COUNTY OF ________ ) The foregoing instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Cairo, COO/CFO of Sea Gardens Beach and Tennis Resort, Inc., a Florida corporation on behalf of the corporation. ________________________________ Notary Public My Commission Expires:__________ STATE OF NEW YORK ) )ss.: COUNTY OF _________ ) The foregoing instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Cairo, COO/CFO of Vacation Break Resorts, Inc., a Florida corporation on behalf of the corporation. ________________________________ Notary Public My Commission Expires:__________ STATE OF NEW YORK ) )ss.: COUNTY OF ______ ) The foregoing instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Cairo, COO/CFO of Vacation Break Resorts at Star Island, Inc., a Florida corporation on behalf of the corporation. ________________________________ Notary Public My Commission Expires:__________ XXXXX XX XXX XXXX ) )ss.: COUNTY OF ) The foregoing, instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Cairo of Vacation Break, U.S.A., Inc. a Florida corporation on behalf of the corporation. ________________________________ Notary Public My Commission Expires:__________ STATE OF NEW YORK ) )ss.: COUNTY OF _______ ) The foregoing instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Xxxxxx. ________________________________ Notary Public My Commission Expires:__________ STATE OF NEW YORK ) )ss.: COUNTY OF __________ ) The foregoing instrument was acknowledged before me this 3rd day of June, 1997 by Xxxxx X. Cairo, COO/CFO of Atlantic Market Group, Inc., a Florida corporation on behalf of the corporation. ________________________________ Notary Public My Commission...

Examples of Subordinating Creditors in a sentence

• No knowledge of any breach or other non-observance by the Subordinating Creditors of the terms and provisions of this Subordination Agreement shall constitute a waiver, nor a waiver of any obligations to be performed by the Subordinating Creditors hereunder.

• Borrower's and Subordinating Creditor's books shall be marked to evidence the foregoing subordination of all the Subordinated Debt to the Bank.

• This Agreement shall continue in full force and effect, and the obligations and agreements of the Subordinating Creditors and the Borrower hereunder shall continue to be fully operative, until all of the Senior Debt shall have been paid in full in cash.

• If, upon the occurrence and during the continuation of an Event of Default, the Agent requires the possession of any of the Subordinated Loan Documents in order to present claims or seek enforcement against the Applicable Debtors for payment under the Subordinated Loan Documents in accordance with the provisions of this Subordination Agreement, the Subordinating Creditors agree, subject to the terms hereof, to endorse and deliver such Subordinated Loan Documents to the Agent.

• The sampling frequency may be inherent to the tracking device at hand or may result from an incomplete spatial coverage of a geosensor network (i.e. the position of an individual is not recorded in areas outside the radio range of the sensors).

More Definitions of Subordinating Creditors

Subordinating Creditors means any officer, director or shareholder of the Borrower to whom the Borrower is indebted, Datamatics Technologies, Ltd. and Xxxxx Xxxx Limited.

Subordinating Creditors mean Xxxxx X. Xxxxx, Emitzel Holdings SA and Harbour Investment Corporation.

Subordinating Creditors. OPKO Health, Inc., Bxxxx Xxxxx, and Olycra Limited Partnership, and any successors or assignees thereof.

Subordinating Creditors has the meaning set forth in the Schedule.

Subordinating Creditors means each of Cahill, Warnock Strategic Partners Fund, L.P., Strategic Associates, L.P. axx X. Roxx Xxxxe Recovery Fund II, L.P. ================================================================================ TOTAL FACILITY (SECTION 2.1): $15,000,000 ================================================================================ LOANS (SECTION 2.2):

Subordinating Creditors means (i) the Seller with respect to ----------------------- DRA, and (ii) _________________________________________________.

Subordinating Creditors means Tinicum Investors, a general partnership, Fxxxx Xxxxxxx, Cxxxxxxxxxx X. Xxxxx, and Plan C LLC, each of whom shall execute and deliver a Subordination Agreement.