Junior Liabilities definition

Junior Liabilities means all obligations of the Purchaser to the Seller under this Note and under all similar notes issued by the Purchaser to the Seller in connection with any previous or future securitization transactions.

Junior Liabilities means all Liabilities to any of the Junior Creditors from time to time outstanding pursuant to the Junior Loan Documents (including, without limitation, all principal, interest, fees, Liabilities relating to or arising out of any warrants or other any equity interests in any Debtor, Liabilities arising out of any guarantees, and all indemnities, costs, and expenses).

Junior Liabilities means all obligations of the Initial Purchaser to the Originator under this Note.

Examples of Junior Liabilities in a sentence

• The Junior Agent agrees that the Junior Notes and any other instrument or document evidencing the Junior Liabilities, will at all times bear the following legend: THIS NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN OBLIGATIONS OF THE MAKER PURSUANT TO AN AMENDED AND RESTATED INTERCREDITOR AND SUBORDINATION AGREEMENT BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF AMERICA, N.A. AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS, AS AMENDED FROM TIME TO TIME.

• Each Guarantor will xxxx its books and records, and cause its respective Subsidiaries to xxxx their books and records, so as to indicate that the Junior Liabilities are subordinated in accordance with the terms of this Guaranty, and will cause to be clearly inserted in any promissory note or other instrument which at any time evidences any of the Junior Liabilities a statement to the effect that the payment thereof is subordinated in accordance with the terms of this Guaranty.

• Neither any Junior Creditor nor any Senior Creditor, nor any of their respective directors, officers, agents or employees, shall be responsible to the others for any Debtor’s solvency, financial condition or ability to repay any of the Senior Liabilities or the Junior Liabilities, or for statements of any Debtor, oral or written, or for the validity, sufficiency or enforceability of any of the Senior Loan Documents or any of the Junior Loan Documents or the value of any collateral.

• Notwithstanding the failure to execute or deliver any such agreement, the subordination effected hereby shall survive any sale, assignment, disposition or other transfer of all or any portion of the Junior Liabilities, and the terms of this Agreement shall be binding upon the successors and assigns of the Junior Creditors.

• To the extent and in the manner hereinafter set forth in this Agreement, the Junior Liabilities are hereby expressly made subordinate, junior and subject in right of payment to the full and final payment of the Senior Liabilities in cash.

More Definitions of Junior Liabilities

Junior Liabilities means at any time, all present and future liabilities and obligations at any time, of Tianjin Shuzhi, the Offshore Guarantor, the Borrower and/or any member of the Group to the Junior Investor in respect of the Junior Preferred Shares and the Junior Investment Documents, both actual and contingent and whether incurred solely or jointly or in any other capacity.

Junior Liabilities means all obligations of Buyer to the Originators under this Note.

Junior Liabilities means all obligations of the Sponsor to the Servicer under this Note.

Junior Liabilities. (which term shall not include any Liabilities to the undersigned arising from any other arrangement or transaction, including without limitation, liabilities relating to purchase of products from the undersigned and its affiliates); it being expressly understood and agreed that the term "Senior Liabilities", as used herein, shall include, without limitation, any and all interest accruing on any of the Senior Liabilities after the commencement of any proceedings referred to in paragraph 6 hereof, notwithstanding any provision or rule of law which might restrict the rights of Lender, as against Borrower or anyone else, to collect such interest. Copies of all instruments, agreements and documents representing the Junior Liabilities currently in existence are attached hereto as Schedule A (the "Subordinated Debt Documents"). The undersigned agrees that the Purchase Agreement and the Convertible Note shall not be amended or restated without the prior written consent of Lender.

Junior Liabilities is defined in the Section 2.7(a).

Junior Liabilities means any and all liability or obligation of Company to make any penalty or liquidated damages payment (or payment of any other kind) to Investor under and pursuant to Section 2.1 of the Investor Rights Agreement.

Junior Liabilities means the principal of and interest on the indebtedness evidenced by the Subordinated Note and any note issued in renewal thereof or substitution therefor and all other indebtedness, obligations and liabilities of PXP to the Parent arising under the Subordinated Loan Agreement as the same may from time to time be amended or modified.