Additional Subordinated Indebtedness definition

Additional Subordinated Indebtedness means Indebtedness of Borrowers owing to the Junior Creditor (as defined in the Intercompany Subordination Agreement) which (a) is evidenced by the Subordinated Note, (b) constitutes additional funds borrowed by Borrowers from the Junior Creditor after the Closing Date which are payable on terms and conditions substantially similar to those applying to the Indebtedness evidenced by the Subordinated Note, as amended, (c) constitutes Junior Debt under (and as defined in) the Intercompany Subordination Agreement, and (d) is timely reflected in financial statements delivered by Borrowers to Agent pursuant to Section 5.1.

Additional Subordinated Indebtedness means any Indebtedness of the Borrower which by its terms is expressly subordinated in right of payment to the prior payment of the Obligations under this Agreement and the other Loan Documents on terms and conditions (including without limitation the subordination provisions) at least as favorable to the Lenders as those set forth in the Senior Subordinated Notes Documents or on such other terms and conditions as evidenced by documentation satisfactory to the Administrative Agent and the Syndication Agents.

Additional Subordinated Indebtedness shall have the meaning provided in Section 8.04(h).

Examples of Additional Subordinated Indebtedness in a sentence

• Borrower has advised the Lenders that Borrower will issue Additional Subordinated Indebtedness not to exceed $500,000,000 in principal amount at or about the time of the consummation of the AIS Acquisition by Borrower to finance a portion of the purchase price of the AIS Acquisition (the "SUBORDINATED BRIDGE INDEBTEDNESS").

• The foregoing waiver shall be limited as written and shall not be deemed to operate as a waiver of compliance with Section 7.10(a) for any Additional Subordinated Indebtedness issued to refund, refinance and/or repay the Subordinated Bridge Indebtedness or for any other purpose.

• The Loan Parties shall not directly or indirectly make any payment or other distribution, directly or indirectly to the obligees of Permitted Additional Subordinated Indebtedness, or existing seller debt, except for regularly scheduled mandatory payments of principal and interest under the Subordinated Indebtedness Documents except for other payments required by any acceleration permitted by the subordination provision applicable to such Indebtedness and permitted by the Loan Documents.

• All outstanding loans under the Existing Credit Agreement are, and since the date of borrowing thereof have been, and all Loans requested hereunder will be at the time of such request, debt permitted under the debt incurrence tests set forth in Section 1008 of the 10-3/8% Subordinated Note Indenture, Section 1008 of the 9-3/8% Subordinated Note Indenture, Section 1008 of the 8-7/8% Subordinated Note Indenture or any comparable provision of any documents relating to Additional Subordinated Indebtedness.

• So long as any of the Notes remains outstanding, the Issuer will not, and it shall not cause or permit any Subsidiary of the Issuer to, incur, issue or be obligated on any Additional Subordinated Indebtedness, either directly or indirectly, by way of guarantee, suretyship or otherwise, other than Additional Subordinated Indebtedness that, by its terms, is expressly stated to be either junior and subordinate or pari passu in all respects to the Notes.

More Definitions of Additional Subordinated Indebtedness

Additional Subordinated Indebtedness means Indebtedness payable to sellers in connection with Permitted Acquisitions that by its terms is subordinated to the payment of the principal of and interest on the Loans and Reimbursement Obligations.

Additional Subordinated Indebtedness means Indebtedness for borrowed money incurred by the Borrower after the Effective Date at any time outstanding which complies with the following requirements:

Additional Subordinated Indebtedness means Indebtedness of the Borrowers owing to the Subordinate Creditor (as defined in the Subordination Agreement) which (i) is evidenced by the Subordinated Note, (ii) constitutes additional funds borrowed by the Borrowers from the Subordinate Creditor after the Closing Date which are payable on terms and conditions substantially similar to those applying to the Indebtedness evidenced by the Subordinate Note, as amended, (iii) constitutes Subordinate Debt under (and as defined in) the Subordination Agreement, and (iv) is timely reflected in financial statements delivered by the Borrowers to the Agents pursuant to Section 5.1.

Additional Subordinated Indebtedness unsecured Indebtedness for borrowed money of the Borrower or any of its Subsidiaries incurred after the Closing Date which (i) requires no cash payments of principal prior to the date that is one year after the Termination Date, (ii) such Indebtedness does not contain limitations on the ability of Borrower or any of its Subsidiaries to incur Indebtedness which are more restrictive than those found in Section 4.09 (Incurrence of Indebtedness and Issuance of Preferred Stock) of any of the Original Indenture, the New Subordinated Debt Indenture or the December 1998 Subordinated Debt Indenture, and (iii) such Indebtedness is subordinated to the Obligations on terms no less favorable to the Lenders, Facility B Lenders and Facility C Lenders (if Facility C exists) than those governing the Original Subordinated Notes, the New Subordinated Notes and/or the December 1998 Subordinated Notes.

Additional Subordinated Indebtedness means (i) additional convertible subordinated notes issued to Videotron which are substantially in the form of Addendum B to the Lender Subordination Agreement and (ii) other subordinated Indebtedness issued by Holdings to Videotron or a Strategic Equity Investor with terms substantially identical to the convertible subordinated promissory notes attached as Addendum B to the Lender Subordination Agreement in terms of maturities, no cash payments prior to maturity, covenants, events of default, and subordination provisions.

Additional Subordinated Indebtedness shall have the meaning assigned ------------------------------------ thereto in Section 10.1(e). --------------

Additional Subordinated Indebtedness means unsecured Indebtedness of the Company that is contractually subordinated to any Indebtedness of the Company and permitted hereunder by Section 10.04(ii)(a) and having terms, covenants and conditions, including subordination, remedies standstill and the like, no more favorable than those set forth in the Senior Subordinated Notes.