Subordinated Secured Parties definition

Subordinated Secured Parties means (a) from the date hereof until payment in full in cash of the First Lien Secured Obligations, collectively, the Second Lien Secured Parties, the Third Lien Secured Parties and the Fourth Lien Secured Party, (b) after such payment in full in cash of the First Lien Secured Obligations and until payment in full in cash of the Second Lien Secured Obligations then outstanding, collectively, the Third Lien Secured Parties and the Fourth Lien Secured Party and (c) after such payment in full in cash of the First Lien Secured Obligations and the Second Lien Secured Obligations and until payment in full in cash of the Third Lien Secured Obligations then outstanding, the Fourth Lien Secured Party.

Subordinated Secured Parties means the Subordinated Trustee and those holders from time to time of the Subordinated Notes.

Subordinated Secured Parties the Trustee and the Holders. ----------------------------

Examples of Subordinated Secured Parties in a sentence

• Following the Discharge of Working Capital Facility Obligations, in connection with any decision by the Senior Subordinated Secured Parties under this Agreement, the votes of each Series of Senior Subordinated Secured Debt entitled to vote thereon shall be cast in the manner provided by, and in accordance with the decision of the holders of such Series of Senior Subordinated Secured Debt made pursuant to the terms of the corresponding Secured Debt Documents.

• None of the Senior Subordinated Secured Parties shall have a duty to advise the Working Capital Facility Collateral Agent or any Working Capital Facility Lender or any other Secured Party of information known to it or them regarding such condition or any such circumstances or otherwise.

• Neither the Working Capital Facility Collateral Agent nor any Working Capital Facility Lender shall have any duty to any of the Senior Subordinated Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Obligor (including, without limitation, the Notes Documents and the Pari Passu Indebtedness Documents), regardless of any knowledge thereof which they may have or be charged with.

• Grantor agrees to pay to the Subordinated Secured Parties all costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements) incurred by the Subordinated Secured Parties in the enforcement or attempted enforcement of this Agreement, whether or not an action is filed in connection therewith, and in connection with any waiver or amendment of any term or provision hereof.

• Upon the occurrence and during the continuance of an Event of Default, the Subordinated Secured Parties shall have, in any jurisdiction where enforcement hereof is sought, in addition to all other rights and remedies that the Subordinated Secured Parties may have under applicable law or in equity or under this Agreement all rights and remedies of a secured party under the Uniform Commercial Code as enacted in any jurisdiction.

More Definitions of Subordinated Secured Parties

Subordinated Secured Parties collectively, the Senior Subordinated ---------------------------- Secured Parties and the Junior Subordinated Secured Parties.

Subordinated Secured Parties when used in this paragraph, shall be deemed to mean the Junior Subordinated Secured Parties.

Subordinated Secured Parties means, collectively, the Affiliated Funding Entities (but only to the extent of the amount of the Affiliated Subordinated Obligations), the Third Party Subordinated Lenders and the Subordinated Working Capital Lenders.

Subordinated Secured Parties means AMBAC, the Owner Participant and the Facility Owner, as secured parties under the Subordinated Mortgage and the Subordinated Security Agreement.

Subordinated Secured Parties is hereby amended by adding the term “Berkshire,” after “AMBAC,” in the first line therein.

Subordinated Secured Parties means the Subordinated Collateral Agent and each of the Project Counterparties in its capacity as a beneficiary of the Subordinated Liens and without affecting any rights or remedies it may have against the Borrower arising out of the Sales Agreements (other than with respect to the Subordinated Liens).

Subordinated Secured Parties means AMBAC, the Owner Participant and the Trustees, as secured parties under the Subordinated Deed to Secure Debt and Security Agreement.