Subordination Deed definition

Subordination Deed means a subordination deed executed or to be executed by the Borrower and the Subordinated Creditor in favour of the Lender in connection with the Facility Letter Subsidiary means a subsidiary undertaking within the meaning of section 1162 of the Companies Act 2006 Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same)

Subordination Deed means a subordination deed in form and substance satisfactory to the Security Agent and providing for the subordination of the obligations specified therein to the Secured Obligations.

Subordination Deed means a document in the form set out in Schedule 8 (Form of Subordination Deed) duly completed and executed by the parties thereto.

Examples of Subordination Deed in a sentence

• Pursuant to the Subordination Deed, such second ranking floating charge will rank subordinate to the first ranking Guarantor Security.

• The draft forms of the Amended and Restated Documents, the New Intercreditor Deed, the New Project Accounts Deed, the New Subordination Deed and the New Security Trust Deed are appended to this Notice of Meeting.

• Sponsors’ Subordination Deed, dated September 14, 2004 between Wynn Resorts (Macau), S.A., Wynn Group Asia, Inc., Wynn Resorts International, Ltd., Wynn Resorts (Macau) Holdings, Ltd.

• For the avoidance of doubt, in the event Borrower fails to pay any Redemption Amount to Lender by the applicable Redemption Amount Payment Date for any reason, including, but not limited to, Borrower’s inability to make such payment in cash as a result of its payment restrictions or other obligations under the Subordination Deed, such failure to pay the Redemption Amount shall still be considered an Event of Default hereunder.

• The Trust Deed contains provisions for convening meetings of Noteholders to consider any matter affecting their interests, including the sanctioning by Extraordinary Resolution of a modification of any of these Conditions or any provisions of the Trust Deed, the Subordination Deed and the Agency Agreement.

More Definitions of Subordination Deed

Subordination Deed means, for the purpose of any Continuing Document, the Intercreditor Agreement.

Subordination Deed has the meaning given to it in Clause 47.15 (Subordination);

Subordination Deed means a deed of subordination between the Facility Agent, the Borrower and Holdco dated on or about the Signing Date;

Subordination Deed means the subordination deed dated on or about 28th May, 2004 between the Company, Anglo Irish Bank Corporation plc as lender under the WW Subordinated Facility, the Agent, the Security Trustee and the holders of notes issued under the U.S. Private Placement, which sets out the terms upon which the WW Subordinated Facility is subordinated to the Facilities and the U.S. Private Placement.”

Subordination Deed means a deed dated April 2003 entered or (as the context may require) to be entered into between (inter alios) the Lessee, the Sub-Lessee, the Other Sub-Lessees, the Manager, Gotaas Xxxxxx, the Lessee Parent and the First Security Agent in the agreed form;

Subordination Deed means, in relation to each Borrower, any subordination deed more particularly described in Schedule 6 (Security Documents).

Subordination Deed means a deed of subordination to be entered into between any Relevant Person and the Security Trustee pursuant to the terms of this Agreement substantially in such form as may be agreed by the Security Trustee having regard to the applicable laws relating to the subordination of debt in the jurisdiction in which the relevant loan is payable;