Subordination and Postponement of Claims definition

Subordination and Postponement of Claims means a subordination and postponement of claims in favour of the Administrative Agent in respect of Debt of the Borrower or another Obligor owing to any Group Member pursuant to which, among other things, the holder of such Debt agrees that such Debt will be subordinated and postponed to the Obligations and that no interest or principal in respect of such Debt shall be payable while any Obligations remain outstanding, and that no Encumbrances have been or will be taken by such holder for such Debt, and which shall otherwise be in form and substance satisfactory to the Administrative Agent, acting reasonably.
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Subordination and Postponement of Claims has the meaning set out in Section 8.2(c).
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Subordination and Postponement of Claims means a written subordination and postponement of claims delivered by a Supplier Group Entity (other than any Supplier PMPA Entity) in favour of and in form and substance satisfactory to Wheaton, acting reasonably, that from and after a Trigger Event, and until such Trigger Event is remedied, subordinates and postpones the payment of all such debts, liabilities and obligations owing by any Supplier PMPA Entity to such Supplier Group Entity to the payment in full of all debts, liabilities and obligations to Wheaton pursuant to this Agreement or any other agreement or instrument contemplated hereby.
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Examples of Subordination and Postponement of Claims in a sentence

  • Mark Ellis, Mike Sweeney, Johnny Damon and Jermaine Dye are among other players plucked by Oakland out of the Kansas City organization.

  • Prior to any debt, liability or obligation being entered into, assumed or otherwise created by any Obligor in favour of any other Obligor, Primero shall cause such other Person to execute and deliver all such documents and instruments as the Noteholder may reasonably require to make such other Obligor a party to the Assignment, Subordination and Postponement of Claims.

  • From and after the Closing Date, Supplier shall cause each Supplier PMPA Entity to not incur, become liable for or permit to exist any Financial Indebtedness owing by such Supplier PMPA Entity to any Supplier Group Entity (other than a Supplier PMPA Entity) unless and except if such Financial Indebtedness is subject to a Subordination and Postponement of Claims in favour of Wheaton.


More Definitions of Subordination and Postponement of Claims

Subordination and Postponement of Claims means a subordination and postponement of claims in favour of the Administrative Agent in respect of Debt of the Borrower or another Obligor owing to any Group Member pursuant to which, among other things, the holder of such Debt agrees that such Debt will be subordinated and postponed to the Obligations, and which shall be in form and substance satisfactory to the Administrative Agent, acting reasonably.
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Related to Subordination and Postponement of Claims

  • Intercompany Subordination Agreement means a subordination agreement executed and delivered by Borrowers and Agent, the form and substance of which is satisfactory to Agent.

  • Subordination Agreement means an agreement among the Agent, the applicable Borrower or Subsidiary of the Borrower and the holder of any Subordinated Debt, pursuant to which such Indebtedness is made subordinate in right of payment to Payment in Full of all Obligations on terms reasonably satisfactory to the Agent.

  • Interest Protection Agreement of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates with respect to Indebtedness.