Guarantor Subordinated Indebtedness definition

Guarantor Subordinated Indebtedness means, with respect to a Subsidiary Guarantor, indebtedness and other obligations of such Subsidiary Guarantor which are expressly subordinated in right of payment to such Subsidiary Guarantor's Guarantee.

Guarantor Subordinated Indebtedness means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

Guarantor Subordinated Indebtedness means any indebtedness of the Guarantor, including any guarantee by the Guarantor, under which the right of payment of the person(s) entitled thereto is, or is expressed to be, or is required by any present or future agreement of the Guarantor to be, subordinated to the rights of all unsubordinated creditors of the Guarantor in the event of the dissolution of the Guarantor or if the Guarantor is declared bankrupt or if a moratorium (surséance van betaling) resulting from the application of emergency measures as referred to in Chapter 3, Section 3.5.5.1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht) is declared in respect of the Guarantor.

Examples of Guarantor Subordinated Indebtedness in a sentence

• For the purposes of this Section 13.9, Article XIV shall apply to the obligations of each Guarantor under its Guaranty, this Article XIII and the other provisions of this Indenture as if references therein to the Company, the Securities, Senior Indebtedness, Subordinated Indebtedness and Designated Senior Indebtedness were references to such Guarantor, such Guarantor's Guaranty, Guarantor Senior Indebtedness, Guarantor Subordinated Indebtedness and Designated Guarantor Senior Indebtedness, respectively.

• The obligations under the Guaranty will be senior and prior in right of payment to all Guarantor Subordinated Indebtedness, to the extent and in the manner provided in such Guarantor Subordinated Indebtedness.

• No Subsidiary Guarantor will Incur any Indebtedness if the proceeds thereof are used, directly or indirectly, to refinance any Guarantor Subordinated Indebtedness of such Subsidiary Guarantor unless such Indebtedness will be subordinated to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee to at least the same extent as such Guarantor Subordinated Indebtedness.

• Prior to EU Regulation (EC) No. 258/97 of February 1997 (CEC, 1997), two GM crops were approved for food use under Directive 90/220/EEC: GM glyphosate-resistant soya GTS 40-3-2 and GM insect-resistant maize Bt176 (see Annex VI for advice by the CA’s societal advisory body ROW).

• The obligations hereunder with respect to a Note Guarantor shall in all respects rank pari passu with all other Note Guarantor Senior Subordinated Indebtedness of such Note Guarantor and shall rank senior to all existing and future Note Guarantor Subordinated Indebtedness of such Note Guarantor.

More Definitions of Guarantor Subordinated Indebtedness

Guarantor Subordinated Indebtedness has the meaning given such term in Section 10.15(j).

Guarantor Subordinated Indebtedness means all the principal, premium, if any, accrued and unpaid interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Guarantor whether or not a claim for post-filing interest is allowed in such proceeding) of Indebtedness of the Guarantor, whether any such Indebtedness exists as of the date of this Indenture or shall thereafter be created, incurred, assumed or guaranteed by the Guarantor, which by its terms is expressly subordinated in right of payment to the Guarantor's obligations under the Guaranty.

Guarantor Subordinated Indebtedness means any obligation of the Guarantor, whether or not having a fixed maturity, which by its terms is, or is expressed to be, subordinated in the event of voluntary or involuntary liquidation (likvidation), bankruptcy (konkurs) or company re- construction (företagsrekonstruktion) of the Guarantor to the claims of all unsubordinated creditors of the Guarantor but senior to the Guarantee or any Parity Obligations of the Guarantor;

Guarantor Subordinated Indebtedness means, with respect to a Guarantor, Indebtedness of that Subsidiary Guarantor which is expressly subordinated in right of payment to such Guarantor’s Subsidiary Guarantee.

Guarantor Subordinated Indebtedness means any Indebtedness of Multicare subordinated in right of payment to the Multicare Senior Subordinated Guaranty.

Guarantor Subordinated Indebtedness means, with respect to a Guarantor, Indebtedness of that Subsidiary Guarantor which is expressly subordinated in right of payment to such Guarantor's Subsidiary Guarantee.

Guarantor Subordinated Indebtedness means, with respect to a Subsidiary Guarantor, the obligations of such Subsidiary Guarantor under the Guarantee of the Securities and any other Indebtedness of such Subsidiary Guarantor that specifically provides that such Indebtedness is to rank pari passu in right of payment with the obligations of such Subsidiary Guarantor under the Guarantee of the Securities. "Incur" means issue, assume, guarantee, incur or otherwise become liable for. "Indebtedness" means, with respect to any Person on any date of determination (without duplication), (i) the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money, (ii) the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement obligations with respect thereto) (other than obligations with respect to letters of credit securing obligations (other than obligations described in clauses (i), (ii) and (v) ) entered into in the ordinary course of business of such Person to the extent that such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the third business day following receipt by such Person of a demand for reimbursement following payment on the letter of credit), (iv) all obligations of such Person to pay the deferred and unpaid purchase price of property or services (except (x) trade payables and accrued expenses (including accrued management fees under the Administrative Management Agreements) incurred in the ordinary course of business and (y) contingent or "earnout" payment obligations in respect of any business acquired by an Issuer or any Restricted Subsidiary), which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto or the completion of such services, (v) all Capitalized Lease Obligations and all Attributable Indebtedness of such Person, (vi) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person, (vii) all Indebtedness of other Persons to the extent Guaranteed by such Person, and (viii) to the extent not otherwise included in this definition, obligations under Currency Agreements and Interest Rate Agreements. "Indenture" means this Inden...