Examples of Subordinated Agent in a sentence
The Subordinated Agent may assign, novate or transfer any of its rights and obligations under this deed to a successor under and in accordance with clause 19.14 (Resignation and removal of Subordinated Agent) of the Subordinated Facility Agreement and clause 1.5 (Dealings with Representatives) of the Security Trust Deed.
The Subordinated Agent acknowledges that on the date of this deed the Security Trustee has deposited in New South Wales the sum of $10 with the Subordinated Agent (on behalf of the Subordinated Creditors) to establish the trust to which the Subordinated Creditors are to act as trustee under this deed.
Finance Lease means a Lease constituting a finance lease or capitalised lease under the Accounting Standards.Financial Close means the date on which all conditions precedent under the Senior Facility Agreement and under the Subordinated Facility Agreement are satisfied (or waived by the Senior Agent or Subordinated Agent, as the case may be) and the first Funding Date (as defined in the relevant Finance Document) under a facility occurs.
Each of the Assumed Subordinated Agent, the Cash Interest Subordinated Agent, the Assumed Subordinated Lender and the Cash Interest Subordinated Lender, agrees that service of process in any action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Process Agent.
Available moneys shall be paid from the Cash Interest Subordinated Loan Debt Service Account to the Assumed Subordinated Agent in payment of Debt Service due and payable on the Assumed Subordinated Loan.