Affiliate Subordination Agreement definition
Examples of Affiliate Subordination Agreement in a sentence
Each of the parties to the Affiliate Subordination Agreement shall have executed and delivered to the Administrative Agent, its counterpart of the Affiliate Subordination Agreement.
This Note shall be subject to the subordination provisions of the Amended and Restated Affiliate Subordination Agreement dated as of March 29, 2001 among the Company, the holder of this Note, the holders of Notes issued pursuant to the Exchange Agreement and Fleet National Bank.
The initial undersigned shall be the Group Members (as defined in the Promissory Note) party to the Affiliate Subordination Agreement on the date of the Promissory Note.
Borrower will not make any payment on any obligation owing to any Affiliate (excluding reasonable expense reimbursements in the ordinary course of business) unless specifically allowed under any Affiliate Subordination Agreement or otherwise allowed by Agent.
Each Lender hereby appoints and authorizes the Administrative Agent to act as its agent hereunder and under the other Basic Documents and any Affiliate Subordination Agreement with such powers (including the power of execution of such documents on behalf of the Lenders) as are specifically delegated to the Administrative Agent by the terms of this Agreement and the other Basic Documents and any Affiliate Subordination Agreement, together with such other powers as are reasonably incidental thereto.