SUBORDINATION OF NOTES Clause Samples
The Subordination of Notes clause establishes that the notes in question are ranked below certain other debts or obligations in terms of repayment priority. In practice, this means that if the issuer becomes insolvent or is liquidated, holders of the subordinated notes will only be repaid after all senior creditors have been satisfied. This clause is essential for clarifying the order of payment in the event of financial distress, thereby allocating risk among different classes of creditors and making the terms of repayment transparent to all parties involved.
POPULAR SAMPLE Copied 5 times
SUBORDINATION OF NOTES. Section 4.01.
SUBORDINATION OF NOTES. SECTION 7.1. Notes Subordinated to Senior Indebtedness................... 61 SECTION 7.2. No Payment on Notes in Certain Circumstances................ 61
SUBORDINATION OF NOTES. This Note is subordinated in right of payment to all Senior Debt to the extent and in the manner provided in this Article XI.
SUBORDINATION OF NOTES. Section 11.01.
SUBORDINATION OF NOTES. Section 11.01. Notes Subordinate to Senior Indebtedness............. 145 -v-
SUBORDINATION OF NOTES. 90 Section 11.01 Notes Subordinate to Senior Indebtedness...............................90 Section 11.02 Payment Over of Proceeds upon Dissolution, etc.........................90 Section 11.03 Suspension of Payment When Senior Indebtedness in Default..............91 Section 11.04 Trustee's Relation to Senior Indebtedness..............................93 Section 11.05 Subrogation to Rights of Holders of Senior Indebtedness..............
SUBORDINATION OF NOTES. Section 4.1
SUBORDINATION OF NOTES. Section 14.01. Notes Subordinate to Senior Debt..............................175 Section 14.02. Payment Over of Proceeds upon Dissolution, etc................175 Section 14.03. Suspension of Payment When Senior Debt in Default.............177 Section 14.04. Trustee's Relation to Senior Debt.............................180 Section 14.05. Subrogation to Rights of Holders of Senior Debt...............180 Section 14.06. Provisions Solely to Define Relative Rights...................181 Section 14.07.
SUBORDINATION OF NOTES. The Company agrees, and each Holder by his, her or its acceptance hereof agrees, that the payment of the principal of, interest on, or any other amounts pursuant or with respect to, the Note is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness.
SUBORDINATION OF NOTES. From the Original Issue Date to, but excluding, May 18, 2004, the following provisions shall apply: