Approved Subordinated Debt means all Debt which is unsecured and which is structurally or contractually subordinated, as to payment, to the payment of the Loans and other Obligations on terms, and pursuant to agreements in form and substance, satisfactory to, and approved in writing by, the Administrative Agent and the Required Lenders.
Approved Subordinated Debt means Indebtedness subordinated to the Obligations of the Borrowers under this Agreement and the other Loan Documents on terms approved in writing by the Administrative Agent and the Required Lenders.
Approved Subordinated Debt means an amount owing by a Market Participant under a subordination arrangement which is approved by ASIC under Rule S1A.2.4.
Examples of Approved Subordinated Debt in a sentence
Borrower shall not permit an amount equal to Total Consolidated Debt less fifty percent (50%) of the face value of all Approved Subordinated Debt as of the last day of any fiscal quarter of Borrower to exceed the Adjusted Asset Amount at such time.
Any monetary default under the Approved Subordinated Debt that is not cured within five (5) Business Days.
Liquid Capital means the sum of: (a) Core Capital; (b) cumulative Preference Shares; (c) Approved Subordinated Debt; and (d) revaluation reserves other than Financial Asset Revaluation Reserves, less the sum of: (a) Excluded Assets; and (b) Excluded Liabilities.
No Loan Party has any Subordinated Debt other than the Approved Subordinated Debt.
Replacement of durable medical equipment is covered only when it no longer meets the clinical needs of the patient or has exceeded the expected lifetime of the item.
More Definitions of Approved Subordinated Debt
Approved Subordinated Debt means debt provided to any Loan Party by Series C, LLC (or any successor thereto), an Affiliate of such Loan Party or American Realty Capital Properties, Inc. (or any successor thereto or Affiliate thereof), which is (i) subject to approval by Administrative Agent in its sole, but reasonable, discretion, (ii) unsecured, (iii) subordinate to the Obligations pursuant to an Approved Subordination Agreement, (iv) has been documented in a manner reasonably satisfactory to Administrative Agent, and (v) not in excess of the aggregate principal amount of $60,000,000.00.
Approved Subordinated Debt means an amount owing by a Participant under a subordination arrangement which is approved by ASX Clear under Rule S1.2.4.
Approved Subordinated Debt means Debt issued by Borrower which is unsecured and subordinated to payment of the Credit Facilities and the terms of which (including, without limitation, the subordination provisions thereof) have been approved in writing by the Required Lenders, and shall include, without limitation, (a) the Debt evidenced by notes made pursuant to the terms of that certain Indenture (the "March Indenture") dated March 1, 1997, executed by and between Borrower and Bank One, Columbus, N.A., as Trustee, and (b) any other promissory notes evidencing subordinated debt issued on terms consistent with those of the March Indenture, provided that (i) Administrative Agent has received projections from Borrower showing financial covenant compliance following issuance of such notes; (ii) no Default or Event of Default has occurred and has not been cured; and (iii) Administrative Agent has approved the terms for the issuance of such promissory notes, including, without limitation, the terms regarding subordination of such promissory notes to the Credit Facilities.
Approved Subordinated Debt means an amount owing by an *APX broker which is payable at a time or by instalments approved by *APX and is to the satisfaction of*APX effectively subordinated so that any right of the creditor in question to receive payment in the case of bankruptcy of or any composition or compromise with creditors by or appointment of a trustee in bankruptcy or in the case of liquidation, liquidator in respect of the *APX broker is extinguished to such extent as will ensure payment or provision for payment in full of all claims of all other present and future creditors of the *APX broker in priority to the claim of the subordinated creditors and in respect of which a approved subordinated loan deed has been executed under seal by the *APX broker, the lender and *APX (or on behalf of *APX by its delegate or sub-delegate as *APX may determine from time to time) and which contains provisions which may be imposed by *APX having regard to the nature of the business conducted or to be conducted by the *APX broker, which has a capital structure which complies with Rule 3.2.1 and any subordinated debt agreement which has been made, complies with the provisions of Rule 3.1.1(d).
Approved Subordinated Debt means Subordinated Debt that satisfies the requirements of clause (v) of Section 8.07(c) hereof.
Approved Subordinated Debt means Indebtedness in an aggregate original principal amount equal to at least $5,000,000 which is (i) subject to terms and conditions reasonably satisfactory to the Required Lenders, (ii) subject to an intercreditor agreement on terms reasonably satisfactory to the Required Lenders and (iii) fully subordinated to the Secured Obligations.
Approved Subordinated Debt means an amount owing by a Trading Participant which is payable at a time or by instalments approved by ASIC and is to the satisfaction of ASIC effectively subordinated so that any right of the creditor in question to receive payment in the case of bankruptcy of or any composition or compromise with creditors by or appointment of a trustee in bankruptcy or in the case of liquidation, liquidator in respect of the Trading Participant or the partners or any of them is extinguished to such an extent as will ensure payment or provision for payment in full of all claims of all other present and future creditors of the Trading Participant in priority to the claim of the subordinated creditors and in respect of which a Subordinated Loan Deed has been executed under seal by the Trading Participant, the lender and ASIC.