Subordinated Interest definition

Subordinated Interest shall have the meaning specified in subsection 2.2(b).

Subordinated Interest means a subordinate interest (whether characterized as debt or equity, and including without limitation, general and limited partnership interests, participation certificates and trust certificates) in a pool of promissory notes, mortgage loans, chattel paper, leases or other similar financial assets, issued in connection with a Securitization Asset Sale or otherwise.

Subordinated Interest means, with respect to any Warehouse Facility Lender and any Payment Date, the positive difference, if any, between (i) the amount of interest accrued on all Advances of such Warehouse Facility Lender (or a portion thereof) funded or maintained other than by the issuance of Commercial Paper Notes during the related Interest Period and (ii) the amount of interest that would have accrued on such Advances (or a portion thereof) during such Interest Period at an interest rate per annum equal to the Eurodollar Rate (Reserve Adjusted) for such Interest Period, plus 1.00%.

Examples of Subordinated Interest in a sentence

• The Trustee will give prompt written notice to the Company, the Master Servicer and the Holders of any change in the location of the Certificate Register, the Exchange Register, the Subordinated Interest Register or any such office or agency.

• The Investor Certificates shall be duly authenticated by or on behalf of the Trustee in authorized denominations equal to (in the aggregate) the Initial Invested Amount and the interests evidenced thereby, together with any Series Subordinated Interest and the Exchangeable Company Interest, shall constitute the entire ownership of the Trust.

• If there are insufficient funds to pay the Base Management Fee or distribute amounts in respect of the Subordinated Interest in full on any Distribution Date when due, then amounts unpaid will be deferred and will be payable or distributable on subsequent Distribution Dates in accordance with the Priority of Distributions.

• The Trustee shall xxxx on its books the actual Series 2000-1 Invested Amount and Series 2000-1 Subordinated Interest Amount outstanding on any date of determination, which, absent manifest error, shall constitute prima facie evidence of the outstanding Series 2000-1 Invested Amount and Series 2000-1 Subordinated Interest Amount from time to time.

• The Base Management Fee will be payable and amounts in respect of the Subordinated Interest will be distributable in accordance with the Priority of Distributions on each Distribution Date.

More Definitions of Subordinated Interest

Subordinated Interest means an Interest subject to an Order of the Bankruptcy Court subordinating such Interest to all other Interests.

Subordinated Interest means, in respect of any Term Advances or Revolving Advances under any Intercompany Loan Agreement, any amounts by which the applicable margin on such Term Advances or Revolving Advances exceed the initial applicable margin on such Term Advances or Revolving Advances as at the date that such Intercompany Loan Agreement was first entered into; and

Subordinated Interest means any Equity Interest that is subordinated by court order or otherwise to all other Equity Interests, in respect of which a request or motion to subordinate may be filed for up to ninety (90) days after the Effective Date, unless extended by the Court.

Subordinated Interest. On any day, an amount equal to the positive difference result, if any, of (a) the Outstanding Principal Amount of Loans on such day divided by the Net Advance Rate on such day less (b) the Outstanding Principal Amount of Loans on such day.

Subordinated Interest means any Claim against any Debtor subject to subordination under section 510(b) of the Bankruptcy Code, whether by operation of law or contract. For the avoidance of doubt, Subordinated Interests include any Claims asserted by the plaintiffs in the Shareholder Lawsuits.

Subordinated Interest means any Claim against any Debtor subject to subordination under section 510(b) of the Bankruptcy Code, whether by operation of law or contract. For the avoidance of doubt, Subordinated Interests include any Claims against any Debtor asserted by the plaintiffs in the following lawsuits: (a) the Mehedi Action, (b) Jacobson v. Mulpuri, et al. (No. 1:21CV01719, D. Del.); (c) Damidi v. Mulpuri, et al. (No. 1:22CV00675, D. Del.); (d) Monteleone v. Mulpuri, et al. (No. 1:22-cv-00980, D. Del.); and (e) Roberts v. Mulpuri, et al. (No. 5:23-cv-02248, N.D. Cal.); and (f) Siseles and Uvaydov v. Lutnick, et al., (Case No. 2023-1152-JTL, Del. Ch.).

Subordinated Interest means, with respect to any interest payment under a Warehouse Facility that is calculated at the Bank Rate (as defined in the related Receivables Financing Agreement), the positive difference, if any, between (i) the amount of such interest payment calculated using the Applicable Margin and (ii) the amount of such interest payment calculated using the “Applicable Base Margin” in place of the “Applicable Margin.”