Subordinating Lender definition

Subordinating Lender has the meaning set forth in the introduction of this Agreement.
Sample 1Sample 2Sample 3
Subordinating Lender means, collectively, The Value Realization Fund, L.P., a California limited partnership, Canyon Value Realization Fund (Cayman), Ltd., GRS Partners II, and CPI Securities L.P., a California limited partnership."
Sample 1
Subordinating Lender. KRAUXX'X XXXNITURE, INC. 5980 Xxxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxxxx 00000 Attn: President Borrower: KRAUXX'X XXXA FACTORY 200 Xxxxx Xxxxx Xxxxxx Brea, California 92621-3903 Attn: Chief Financial Officer
Sample 1

Examples of Subordinating Lender in a sentence

  • In such case, Subordinating Lender shall immediately remit such payment or distribution to Senior Lender.

  • Subordinating Lender shall not take any action which in Senior Lender's judgment might cause Borrower to violate the Senior Loan Agreement or any other agreement between Borrower and Senior Lender.

  • If Subordinating Lender attempts to violate Clause (ii) of Article 4, Senior Lender (in Senior Lender's or Borrower's name) or Borrower may seek injunctive or other equitable relief to prevent or stop Subordinating Lender's actions, it being agreed that legal remedies may be inadequate.

  • The Subordinating Lender will not take or omit to take any action or assert any claim with respect to the Subordinated Debt or otherwise that is inconsistent with the provisions of this Agreement.

  • This Agreement shall continue in full force and effect, and the obligations and agreements of the Subordinating Lender and the Borrowers hereunder shall continue to be fully operative, until all of the Senior Debt shall have been paid and satisfied in full in cash and such full payment and satisfaction shall be final and not avoidable.

  • All principal, interest, fees, costs, enforcement expenses (including legal fees and disbursements), collateral protection expenses and other reimbursement and indemnity obligations created or evidenced by the Note or any prior, concurrent or subsequent notes, instruments or agreements of indebtedness, liabilities or obligations of any type or form whatsoever relating thereto in favor of the Subordinating Lender.

  • Nothing contained in this Agreement shall preclude Senior Lender from discontinuing its extension of credit to Borrower (whether under the Senior Loan Agreement or otherwise) or from taking (without notice to Subordinating Lender, Borrower, or any other individual or entity) any other action in respect of the Senior Debt or the Collateral which Senior Lender is otherwise entitled to take with respect to the Senior Debt or the Collateral.

  • If Subordinating Lender attempts to violate Clause (iii) of Article 4, Borrower may interpose as a defense or plea the making of this Agreement, and Senior Lender may intervene and interpose such defense or plea in its own or Borrower's name.

  • Subordinating Lender and Borrower each waive any right it may have to plead forum non-conveniens or otherwise to object to venue, and hereby consents to any court-ordered relief.

  • The Subordinating Lender further waives any and all rights with respect to marshalling.


More Definitions of Subordinating Lender

Subordinating Lender means Special Value Bond Fund, LLC, the assignee of the rights and duties of Silver Canyon Services, Inc. under and with respect to the Purchase Agreement dated as of February 15, 2006 by and among the Borrowers and Silver Canyon Services, Inc. and the Intercreditor Agreement, and its successors and assigns.
Sample 1

Related to Subordinating Lender

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

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Refinancing Lender has the meaning set forth in Section 2.15(c).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • DIP Lender means a lender under the DIP Facility.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Senior Lender means each holder of a Senior Note.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Exiting Lender see Section 2.17.7.

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.