Subordination Agreements definition
Examples of Subordination Agreements in a sentence
Each Purchaser appoints and authorizes Collateral Agent to enter into such Subordination Agreement(s) with Senior Lenders on such terms acceptable to Senior Lenders including, without limitation, the blockage of payments or rights to pursue Collateral and to provide a copy of this Agreement to Senior Lenders as evidence of Collateral Agent’s authority granted hereunder.
Notwithstanding the foregoing, to the extent after the date hereof the Maker desires to enter into a Permitted Financing Arrangement, upon the execution and delivery of the applicable Subordination Agreement relating thereto, the Holder’s security interest in the applicable Excluded Assets shall be subordinated to the extent provided in the relevant Subordination Agreement(s).