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.