Initial Subordinated Notes definition

Initial Subordinated Notes means the Subordinated Promissory Notes dated the date hereof issued by the Cayman Islands branch of the Guarantor.
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Initial Subordinated Notes means the [ ]% subordinated notes due [ ] of the Guarantor or one of its branches or subsidiaries.
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Initial Subordinated Notes has the meaning set forth in Section 2.14(a).
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Examples of Initial Subordinated Notes in a sentence

  • The Subordinated Notes shall be initially issued in certificated form to the Trust (the "Initial Subordinated Notes") and shall be substantially in the Form of Exhibit B attached hereto.

  • The Initial Subordinated Notes will be issued (i) to GCPHS in an aggregate principal amount set forth in its Subscription Agreement and (ii) to GCP CLO Holdings Sub LP in an aggregate principal amount set forth in its Subscription Agreement, in each case (x) for Cash and/or (y) in exchange for the transfer to the Borrower of Collateral Loans (valued at Market Value (which is not determined pursuant to clause (d) of the definition thereof)) of all such Collateral Loans.

  • The proceeds of the Initial Subordinated Notes Funding Drawing will be available for the purpose of funding the purchase of Initial Receivables.

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  • The Company will determine, in its sole discretion, all questions as to the form of documents, validity, eligibility (including time of receipt) and acceptance for exchange of any tender of Initial Subordinated Notes, which determination shall be final and binding on all parties.

  • The method of delivery of Initial Subordinated Notes, this Letter of Transmittal and all other required documents is at the option and sole risk of the tendering holder, and delivery will be deemed made only when actually received by the Exchange Agent.

  • Collectively, (a) the Initial Subordinated Notes and (b) the Subsequent Subordinated Notes.

  • Holders tendering Initial Subordinated Notes by book-entry transfer may request that Initial Subordinated Notes not exchanged be credited to such account maintained at DTC as such holder may designate.

  • Federal income tax law generally requires that a holder of Initial Subordinated Notes whose tendered Initial Subordinated Notes are accepted for exchange or such holder’s assignee (in either case, the “Payee”), provide the Exchange Agent (the “Payor”) with such Payee’s correct Taxpayer Identification Number (“TIN”), which, in the case of a Payee who is an individual, is such Payee’s social security number.

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More Definitions of Initial Subordinated Notes

Initial Subordinated Notes means the Subordinated Promissory Notes dated the date hereof issued by the Guarantor or one of its branches or subsidiaries.
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Initial Subordinated Notes. As defined in the preamble hereto.
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Initial Subordinated Notes means the US$ 5.75% Subordinated Notes due 2024 issued by the Borrower on 9 July 2019, where the Financial Indebtedness arising thereunder is subordinated to the claims of the Secured Parties on terms acceptable to the Agent (acting on the instructions of the Majority Lenders).
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Initial Subordinated Notes means that certain (a) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $6,400,000 made by Borrower payable to the order of PNC Venture Corp, (b) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $9,600,000 made by Borrower payable to the order of PNC Equity Partners, L.P., and (c) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $2,000,000 made by Borrower payable to the order of Erie Indemnity Company, which promissory notes and the indebtedness evidenced thereby are issued pursuant to the Subordinated Credit Agreement and are fully subordinated to the payment and performance in full of the Obligations pursuant to the terms of the Subordination Agreement, as the same may have been transferred from time to time in accordance with the terms thereof.
Sample 1
Initial Subordinated Notes means that certain (a) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $6,400,000 made by Borrower payable to the order of PNC Venture Corp, (b) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $9,600,000 made by Borrower payable to the order of PNC Equity Partners, L.P., and (c) Senior Subordinate Promissory Note dated October 31, 2004, in the original principal amount of $2,000,000 made by Borrower payable to the order of Erie Indemnity Company, which promissory notes and the indebtedness evidenced thereby are issued pursuant to the Subordinated Credit Agreement as the same may have been transferred prior to the date hereof.
Sample 1

Related to Initial Subordinated Notes

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

  • Senior Subordinated Notes means $200,000,000 in aggregate principal amount of the Borrower’s 10.75% senior subordinated notes due 2016.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Existing Senior Subordinated Notes means the Company’s existing 8% Senior Subordinated Notes due 2015.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Senior Subordinated Notes Indenture means the Indenture, dated as of July 17, 2012, under which the Senior Subordinated Notes were issued, among the Borrower and the Restricted Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Closing Date and as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Senior Subordinated Note Documents means the Senior Subordinated Notes, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Subordinated Notes Indenture means that certain Subordinated Debenture Indenture between DH (f/k/a NGC Corporation) and First National Bank of Chicago, as Debenture Trustee, dated as of May 28, 1997 (as amended, restated and supplemented through the Petition Date).

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Senior Secured Notes Trustee means The Bank of New York Mellon Trust Company, N.A. and its successors and assigns acting as trustee under the Senior Secured Notes Indenture.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.