Junior Subordinated Obligations definition

Junior Subordinated Obligations means claims of creditors of the Issuer which are subordinated so as to rank or are expressed to rank pari passu with the claims of the holders of Junior Subordinated Notes and the Receipts and Coupons relating to them;
Sample 1Sample 2Sample 3
Junior Subordinated Obligations means the principal of, and premium, if any, payable on redemption or prepayment of, and interest on, all indebtedness and all other obligations now existing or hereafter incurred or owing under, the Junior Subordinated Credit Documents, including without limitation, all fees, expenses, claims, charges and indemnity obligations.
Sample 1Sample 2
Junior Subordinated Obligations means all obligations in respect of any Junior Subordinated Debt.
Sample 1

Examples of Junior Subordinated Obligations in a sentence

  • The obligations of the Issuer under the Notes in respect of principal, interest and other amounts, constitute direct, unconditional, unsecured Undated Junior Subordinated Obligations.

  • See Note 12 to the Consolidated Financial Statements in Item 8 of this Report for additional information on Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts.

  • Subordinated Notes not intended to qualify as Tier 2 Notes The Subordinated Notes not intended to qualify as Tier 2 Notes and the related Receipts and Coupons constitute unsecured and subordinated obligations of the Issuer and rank pari passu without any preference among themselves and with all other present and future subordinated and unsecured obligations of the Issuer (other than any Non-Tier 2 Junior Subordinated Obligations).

  • For purposes of this Article Three, except as otherwise expressly provided or unless the context otherwise requires: "CONSOLIDATED LEVERAGE RATIO" as of any date of determination means the ratio of (i) the total liabilities of the Company and its consolidated Subsidiaries, as determined in accordance with GAAP, excluding Junior Subordinated Obligations, to (ii) the Consolidated Net Worth of the Company.

  • No Junior Subordinated Claimholder may take any Enforcement Action with respect to the Junior Subordinated Obligations during any Standstill Period.

  • This Agreement shall continue in full force and effect until the earlier to occur of (a) the Discharge of the Junior Subordinated Obligations (so long as it has occurred on or prior to the Junior Subordinated Maturity Date) and (b) the Discharge of the Secured Obligations and shall thereafter be revived to the extent provided for in Section 5(e).

  • The Junior Lenders and the Junior Subordinated Lender have agreed expressly to subordinate its Junior Obligations and Junior Subordinated Obligations, respectively, and Junior Liens to the Senior Obligations and Senior Liens of the Senior Lender, respectively, and the Senior Lender has agreed to the continuation of the Junior Obligations, Junior Subordinated Obligations and Junior Liens by the Borrower, all upon the terms and provisions and subject to the conditions set forth in this Agreement.

  • Any unused balance in the construction contingency at the time of Conversion must be used to reduce the principal amount of the HOME Loan or the senior lender loan as appropriate.5. Construction Hard Cost Financing.

  • For the avoidance of doubt, the obligations of the Guarantor hereunder will be senior to any Existing Junior Subordinated Obligations and any liabilities which by their terms are subordinated to the obligations of the Guarantor under this guarantee.

  • Notwithstanding the failure to execute or deliver any such agreement described in this Section 7(b), the subordination effected hereby shall survive any sale, assignment, disposition or other transfer of all or any portion of the Junior Subordinated Obligations, and the terms of this Agreement shall be binding upon the successors and assigns of the Junior Subordinated Agent and each other Junior Subordinated Claimholder, as provided in Section 20 below.


More Definitions of Junior Subordinated Obligations

Junior Subordinated Obligations means any present and future claims in respect of obligations of the Issuer which rank or are expressed to rank, junior to claims in respect of the Subordinated Notes;
Sample 1
Junior Subordinated Obligations means collectively, all Obligations (as defined in the Junior Subordinated Credit Agreement) and all other obligations owing, due, or secured under the terms of the Junior Subordinated Credit Agreement, or any other Junior Subordinated Loan Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys’ fees, costs, charges, expenses, reimbursement obligations, indemnities, guarantees, and all other amounts payable under or secured by any Junior Subordinated Loan Document or in respect thereof (including, in each case, all amounts accruing on or after the commencement of any Insolvency Proceeding relating to any Obligor, or that would have accrued or become due under the terms of the Junior Subordinated Loan Documents but for the effect of the Insolvency Proceeding or other applicable law, and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding).
Sample 1
Junior Subordinated Obligations as of any date shall mean the Borrower's obligations to repay the balance of the loans then outstanding under the Junior Subordinated Loan Instruments, including accrued and unpaid interest thereon, and all of the other amounts to be paid and obligations to be performed or otherwise satisfied under the Junior Subordinated Loan Instruments.
Sample 1

Related to Junior Subordinated Obligations

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter incurred) that is subordinated or junior in right of payment to the Notes pursuant to a written agreement.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's _____% Junior Subordinated Deferrable Interest Debentures, issued pursuant to the Indenture.

  • Senior Subordinated Notes means $200,000,000 in aggregate principal amount of the Borrower’s 10.75% senior subordinated notes due 2016.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Permitted Subordinated Debt means Indebtedness of any of the Borrowers which has been subordinated and made junior to the Full Payment of the Obligations, and evidenced as such by a subordination agreement containing subordination provisions substantially in the form of Exhibit I, or otherwise in form and substance reasonably satisfactory to the Administrative Agent; provided that (a) at the time such Permitted Subordinated Debt is incurred, no Default or Event of Default has occurred or would occur as a result of such incurrence, and (b) the documentation evidencing such Permitted Subordinated Debt shall have been delivered to the Administrative Agent and shall contain all of the following characteristics: (i) it shall be unsecured, (ii) it shall bear interest at a rate not to exceed the market rate as determined in good faith by the applicable Borrower, (iii) it shall not require unscheduled principal repayments thereof prior to the maturity date of such debt, (iv) if it has any covenants, such covenants (including covenants relating to incurrence of indebtedness) shall be less restrictive than those set forth herein, (v) it shall have no restrictions on the Borrowers’ ability to grant liens securing indebtedness ranking senior to such Permitted Subordinated Debt, (vi) it shall permit the incurrence of senior indebtedness under this Agreement, (vii) it may be cross-accelerated with the Obligations and other senior indebtedness of the Borrowers (but shall not be cross-defaulted except for payment defaults which the senior lenders have not waived) and may be accelerated upon bankruptcy, and (viii) it shall provide for the complete, automatic and unconditional release of any and all guarantees of such Permitted Subordinated Debt granted by any Borrower in the event of the sale by any Person of such Borrower or the sale by any Person of all or substantially all of such Borrower’s assets (including in the case of a foreclosure).

  • Designated Obligations means all obligations of the Borrower with respect to (a) principal of and interest on the Loans and (b) accrued and unpaid fees under the Loan Documents.