Examples of Subordination Agreements in a sentence
Term and termination The Subordination Agreements commence on the signing of the Subordination Agreements by the Parties and are in full force and effect until the Lending Company has fulfilled the liabilities arising from the Cooperation Agreement in full.
Subject to the provisions of the Collateral Documents and the Intercreditor and Subordination Agreements, following an Event of Default, the Collateral Agent, without the consent of the Holders, on behalf of the Holders, may or may direct an agent acting on its behalf to take all actions it determines in order to: (a) enforce any of the terms of the Collateral Documents; and (b) collect and receive any and all amounts payable in respect of the Obligations hereunder.
Each Lender hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the Intercreditor and Subordination Agreements, the Collateral and the Collateral Documents.
Liability For breach of certain provisions of the Subordination Agreements, the violating party pays to Mintos a contractual penalty in the amount established under the Subordination Agreements.
The parties hereto hereby acknowledge and agree that the Collateral Agent holds the Collateral as defined in each of the Collateral Documents in trust for the benefit of the Collateral Agent and the Holders and pursuant to the terms of the Collateral Documents and the Intercreditor and Subordination Agreements (if any).