Management Subordination Agreement

Management Subordination Agreement. Shall mean the Subordination Agreement to be executed by Borrowers and the Operating Manager concurrently with the execution of the Management Agreement, pursuant to which the Management Agreement and the Management Fees payable thereunder are subordinated to the Bank Facilities and the Security Documentation, which shall be executed in favor of Agent Bank on behalf of the Lenders substantially in the form of the Subordination Agreement marked "Exhibit O", affixed to the Fourth Amendment and by... this reference incorporated herein and made a part hereof. View More