Subordinate Creditors definition

Subordinate Creditors means any Person whose indebtedness owing by Ayr or other Ayr Entities is subordinated to the 2024 Notes pursuant to the Subordination Agreements;
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Subordinate Creditors means, collectively, the Subordinate Lender and the Subordinate Lender's Agent.
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Subordinate Creditors means (a) the Convertible Debentureholders, and (b) the CTR Lenders in their capacity as Creditors of SRT;
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Examples of Subordinate Creditors in a sentence

  • The Agent shall have the sole and exclusive right, as against the Subordinate Creditors, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of the Collateral in accordance with the terms of the Credit Agreement.

  • As among the Borrowers and all other creditors (other than the Senior Creditor and the Subordinate Creditors), all payments or distributions made to the Senior Creditor to which either of the Subordinate Creditors would otherwise be entitled except for the terms of this Agreement shall be deemed to be a payment by the Borrowers to or on account of Subordinated Debt and not payment with respect to the Senior Debt.

  • Except as specifically set out herein, each of the Subordinate Creditors waives any right or benefit of any notice of any action, event or circumstance relating to the Senior Debt, including, but not limited to, the incurring, modification, default, exercise of remedies, compromise or release of or with respect to the Senior Debt.

  • In order to secure the due and punctual payment and performance of the Senior Liabilities, the Subordinate Creditors hereby pledge, transfer, assign, and grant to the Agent a continuing security interest in and lien upon the Subordinated Loan Documents, all income therefrom and proceeds thereof.

  • The Subordinate Creditors irrevocably appoint Xxxx Xxxxxxxx, c/x Xxxx & Hazard, 00 Xxxxxx Xxxx, Xxxxxxxxx, XX 00000-0000 as their attorney upon whom may be served any notice, process or pleading in any action or proceeding against them arising out of or in connection with this Agreement.

  • Each of the Subordinate Creditors hereby irrevocably appoints the Agent its attorney in fact, said appointment being coupled with an interest, to execute such further documents and instruments and take such further action on behalf of the Subordinate Creditors as the Agent may from time to time deem reasonable to carry out the intent of this Agreement, including, without limitation, the actions set forth in paragraph B.4. and paragraph B.12 hereof.

  • The Subordinate Creditors agree to execute and deliver to the Agent all instruments, including, without limitation, Uniform Commercial Code amendments, subordinations of lien, and subordinations of mortgage which, in the reasonable opinion of the Agent, are necessary or convenient to effectuate the purposes of this paragraph and this Agreement.

  • The Subordinate Creditors will execute such further documents and instruments and take such further action as the Agent may from time to time reasonably request to carry out the intent of this Agreement.

  • All representations, --------------------------------------- warranties and covenants made by either of the Subordinate Creditors or any of the Borrowers or on behalf of any of the Borrowers shall be considered to have been relied upon by the Senior Creditor and shall survive execution and delivery of the Loan Documents regardless of any investigation by or on behalf of the Senior Creditor or any discovery of any thereof.

  • The Borrowers and the Subordinate Creditors jointly and -------- severally agree to pay, upon demand, to the Senior Creditor the amount of any and all reasonable expenses, including the reasonable fees and expenses of the Senior Creditor's counsel, which the Senior Creditor may incur in connection with the exercise or enforcement of any of the rights or interests of the holders of the Senior Debt hereunder.


More Definitions of Subordinate Creditors

Subordinate Creditors. SENIOR CREDITORS: RIMCO PARTNERS, L.P., COMERICA BANK-TEXAS, RIMCO PARTNERS, L.P. II, individually and as Agent RIMCO PARTNERS, L.X. XXX, and RIMCO PARTNERS, L.P. IV, By:/S/ JAMES KIMBLE James W. Xxxxxx Xx: Resource Investors Management Vice Xxxxxxxxx Company Limited Partnership, their general partner FIRST UNION NATIONAL BANK By:RIMCO Associates, Inc., its general partner By:/S/ JAY M. CHERNOSKY Jay X. Xxxxxxxxx Senxxx Xxxx Xxxxxxxnt By:/S/ GARY MILAVEC Name: Gary Milavec CLIFFWOOD OIL & XXX XXXX. Title: Xxxx Xxxxxdent CLIFFWOOD ENERGY COMPANY and CLIFFWOOD PRODUCTION CO. By:/S/ FRANK A. LODZINSKI Pxxxxxxxx xx xxxx TEXOIL, INC. and TEXOIL COMPANY By:/S/ FRANK A. LODZINSKI Prxxxxxxx xx xxxx
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Subordinate Creditors means [ ] and [ ].7
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Subordinate Creditors means, collectively, The Stxxxx, Xxxxx xnd Mexxxxxx Xrust, the Abxxxx Xamily Trust, Rixxxxx X. Xxxxxxx, and the Jaxxx X. Xxxx Xarital Trust, and "Subordinate Creditor" means any one of them.
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Subordinate Creditors means, collectively, the lenders of the Subordinate Indebtedness party to the Subordinated Debt Documents (each, individually, a “Subordinated Creditor”).
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Subordinate Creditors has the meaning set forth in subparagraph 7(j) below;
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Subordinate Creditors means (a) with respect to the Tranche A Lenders, the Tranche B Lenders and the Tranche C Lenders, and (b) with respect to the Tranche B Lenders, the Tranche C Lenders.
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Related to Subordinate Creditors

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • 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.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

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

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Senior Lender means each holder of a Senior Note.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

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

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.