Junior Subordinate Notes definition

Junior Subordinate Notes means any Notes designated in a Supplemental Indenture as Junior Subordinate Notes, which are secured under this Indenture on a basis subordinate to any Senior Obligations and Subordinate Obligations (as such subordination is described herein, and on a parity with Other Junior Subordinate Obligations).
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Junior Subordinate Notes means any Notes designated in a Supplemental Indenture as Junior Subordinate Notes.
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Junior Subordinate Notes means Offered Notes or Additional Notes, if any, subordinate to the Subordinate Notes, the principal of and interest on which is paid from the Junior-Subordinate Redemption Account of the Note Redemption Fund and the Junior-Subordinate Interest Account of the Interest Fund, respectively; provided, however, that any series of the Junior-Subordinate Notes need not necessarily be payable on a parity with all other series of the Junior-Subordinate Notes. Any Junior-Subordinate Notes shall be designated by Class "C," "D," "E" or lower alphabetic designation, the higher alphabetic designation ("C" being higher than "D") indicating the more senior series of the Junior-Subordinate Notes.
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Examples of Junior Subordinate Notes in a sentence

  • Each series of Notes shall be created by and issued pursuant to a Supplemental Indenture and such Supplemental Indenture shall designate Notes of each series as Senior Notes, Subordinate Notes or Junior Subordinate Notes.

  • Such Junior Subordinate Notes may be prepaid on the Prepayment Date or purchased on the purchase date therefor if the foregoing conditions are met on the date such Notes are selected for redemption or purchase or as of the date on which moneys are transferred to the Retirement Account to make any distribution of principal with respect to such Notes, whether or not such conditions are met on the Prepayment Date or the date of purchase.

  • The Class A Notes are issued as, and will constitute, Senior Notes, the Class B Notes are issued as, and will constitute, Subordinate Notes and the Class C Notes are issued as, as will constitute, Junior Subordinate Notes, under the Indenture or the First Supplemental Indenture, as the case may be.

  • Notwithstanding the provisions of Section 3.5 of the Base Indenture, the Company shall have no authority to appoint a paying agent other than the Trustee to act as its own paying agent with respect to the Junior Subordinate Notes.

  • Each class of Notes shall be created by and issued pursuant to a Supplemental Indenture and such Supplemental Indenture shall designate Notes of each class as Senior Notes, Subordinate Notes or Junior Subordinate Notes.

  • The Class A Notes are issued as, and will constitute, Senior Notes, the Class B Notes are issued as, and will constitute, Subordinate Notes and the Class C Notes are issued as, and will constitute, Junior Subordinate Notes, under the Indenture or the First Supplemental Indenture, as the case may be.

  • Each Class of Notes issued pursuant to the Indenture shall, in each case, be designated by an alphanumeric identifier, which shall be lettered either “A” to indicate Senior Notes, “B” to indicate Subordinate Notes, or “C” to indicate Junior Subordinate Notes, which alpha-designation shall be followed by a hyphenated numeral, in sequential ascending order, beginning with one (1), for each such Class of Notes issued and designated as either Class A, Class B or Class C.


More Definitions of Junior Subordinate Notes

Junior Subordinate Notes means any Notes designated in a Supplemental Indenture as Junior Subordinate Notes, which are secured under the Indenture on a basis subordinate to any Subordinate Obligations (as such subordination is described in the Indenture).
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Junior Subordinate Notes means the Notes of the Corporation designated as "Junior-Subordinate Notes" pursuant to a Supplemental Indenture authorizing the issuance of such Junior-Subordinate Notes, the repayment of principal of and interest on which are subordinated to the repayment of principal of and interest on the Senior Notes and the Subordinate Notes and payments required to be made pursuant to any Interest Rate Exchange Agreements, payments required to be made pursuant to any Reimbursement Agreements secured on a parity with the Senior Notes or the Subordinate Notes and payments required to be made pursuant to any Debt Service Reserve Policy.
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Junior Subordinate Notes means Additional Notes secured subordinate to the Series 1996A Notes and the Series 1996B Notes, if any, the principal of and interest on which is paid from the Junior-Subordinate Redemption Account of the Note Redemption Fund and the Junior-Subordinate Interest Account of the Interest Fund, respectively; provided, however, that any series of the Junior-Subordinate Notes need not necessarily be payable on a parity with all other series of the Junior-Subordinate Notes. Any additional Junior-Subordinate Notes shall be designated by a "C," "D" or lower alphabetic designation, the higher alphabetic designation ("C" being higher than "D") indicating the more senior series of the Junior-Subordinate Notes.
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Related to Junior Subordinate Notes

  • 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 Notes means Borrower’s 8% Senior Subordinated Notes due 2012 issued pursuant to the Senior Subordinated Note Agreement and any registered notes issued by Borrower in exchange for, and as contemplated by, such notes with substantially identical terms as the notes.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • Senior Subordinated Debt means the Securities and any other Indebtedness of the Company that specifically provides that it is to rank pari passu with other Senior Subordinated Debt of the Company and is not subordinated to any Indebtedness of the Company that is not Senior Debt.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.