Junior Subordinated definition

Junior Subordinated or "Subordinated" for "Senior" if the Offered Securities are Junior Subordinated Securities or Subordinated Securities. 20 qualified under the Trust Indenture Act of 1939, as amended,
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Junior Subordinated. Debentures" means the series of junior subordinated debentures of the Company designated the __% Junior Subordinated Debentures due _________ __, 2002, to be issued under the Indenture as of the date hereof.
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Junior Subordinated. Note or Note(s)" - those certain promissory notes issued by Borrower to the Junior Subordinated Lender in the aggregate original principal amount of $7,500,000 each dated April 16, 1998 as further described on Exhibit A-1 hereto, together with any extensions thereof, securities issued in exchange therefor or modifications or amendments thereto.
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Examples of Junior Subordinated in a sentence

  • The right, title and interest of the Property Trustee to the Junior Subordinated Notes shall vest automatically in each Person who may thereafter be appointed as Property Trustee in accordance with the terms hereof.

  • This Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by the Issuer Trust) or upon the distribution of Junior Subordinated Debentures to Holders as provided in the Trust Agreement.

  • If and when the Property Trustee shall be or become a creditor of the Depositor or the Trust (or any other obligor upon the Junior Subordinated Notes or the Trust Securities), the Property Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Depositor or Trust (or any such other obligor).

  • The exclusive purposes and functions of the Trust are (i) to issue and sell the Trust Securities and use the proceeds from such sale to acquire the Junior Subordinated Notes, and (ii) to engage in those activities necessary, incidental, appropriate or convenient thereto.

  • This Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication) or upon the distribution of Junior Subordinated Notes to the Holders in exchange for all of the Preferred Securities.

  • The Issuer Trustees and the Administrators shall not be accountable for the use or application by the Depositor of the proceeds of the Junior Subordinated Debentures.

  • This Guarantee Agreement shall terminate and be of no further force and effect upon: (i) full payment of the Redemption Price of all Preferred Securities, (ii) the distribution of Junior Subordinated Notes to the Holders in exchange for all of the Preferred Securities, or (iii) full payment of the amounts payable in accordance with the Trust Agreement upon liquidation of the Trust.

  • The Property Trustee shall notify all Holders of the Preferred Securities of any notice of default received from the Indenture Trustee with respect to the Junior Subordinated Notes.

  • The exclusive purposes and functions of the Issuer Trust are to (a) issue and sell Trust Securities and use the proceeds from such sale to acquire the Junior Subordinated Debentures, and (b) engage in only those other activities necessary, convenient or incidental thereto.

  • If (i) the Trust fails to pay Distributions in full on the Preferred Securities for more than 20 consecutive quarterly distribution periods, or (ii) an Event of Default occurs and is continuing, then the Holders of Preferred Securities will rely on the enforcement by the Property Trustee of its rights against the Company as the holder of the Junior Subordinated Notes.


More Definitions of Junior Subordinated

Junior Subordinated. Debentures: The 5.375% Junior Subordinated Convertible Debentures due 2013 of the Company issued to the Trust pursuant to the terms of the Indenture.
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Junior Subordinated. LOAN shall mean the loan in the original principal amount of $5,000,000 made by Junior Subordinated Lenders to Borrower pursuant to the Junior Subordinated Loan Instruments. JUNIOR SUBORDINATED LOAN INSTRUMENTS shall mean the Junior Subordinated Note Agreement, Junior Subordinated Notes and all other documents and instruments executed by Borrower or any Junior Subordinated Lender in connection with the Junior Subordinated Loan. JUNIOR SUBORDINATED NOTES shall mean those certain Junior Subordinated Notes Due June 30, 2003 in the aggregate principal amount of $5,000,000 issued by Borrower to Junior Subordinated Lenders pursuant to the Junior Subordinated Note Agreement.
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Junior Subordinated. Debentures" means the $___________ aggregate principal amount of the Depositor's ____% Junior Subordinated Debentures, issued pursuant to the Indenture.
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Junior Subordinated or "Subordinated" for "Senior" if the Offered Securities are Junior Subordinated Securities or Subordinated Securities. 24 (iv) the Delayed Delivery Contracts, if any, have been duly authorized, executed and delivered by the Company and are valid and binding agreements of the Company enforceable in accordance with their respective terms, except as (1) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally and (2) rights of acceleration and the availability of equitable remedies may be limited by equitable principles of general applicability,
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Junior Subordinated. Debentures: See the introductory paragraph to this Agreement.
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Related to Junior Subordinated

  • 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.

  • Junior Subordinated Payment has the meaning specified in Section 13.2.

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