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 Indebtedness means Indebtedness which by its terms ranks equally in right of payment with, or is subordinate to, the Notes.
Junior Subordinated Indebtedness means all Indebtedness of the Guarantor subordinate and junior to Subordinated Indebtedness and Senior Indebtedness.
Examples of Junior Subordinated Indebtedness in a sentence
Junior Subordinated Securities shall rank junior to the Company’s Senior Indebtedness and any Senior Subordinated Indebtedness and equally and pari passu with all other Junior Subordinated Indebtedness.
Senior Subordinated Securities shall rank junior to the Company’s Senior Indebtedness, equally and pari passu with all other Senior Subordinated Indebtedness and senior to any Junior Subordinated Indebtedness.
More Definitions of Junior Subordinated Indebtedness
Junior Subordinated Indebtedness or “Junior Subordinated Indebtedness of the Guarantor” means (i) indebtedness of the Issuer or the relevant Guarantor(s), as applicable, (whether outstanding on the date of this Indenture or thereafter created, incurred, assumed or guaranteed by the Issuer or the relevant Guarantor(s), as applicable) which, pursuant to the terms of the instrument creating or evidencing the same, is subordinate to the Securities in right of payment or in rights upon liquidation.
Junior Subordinated Indebtedness means any unsecured Debt of the Company (i) issued in exchange for the proceeds of Hybrid Preferred Securities and (ii) subordinated to the rights of the Holders hereunder.
Junior Subordinated Indebtedness means the Indebtedness of the Company, whether outstanding at the date hereof or incurred hereafter, which is subordinated to Senior Indebtedness and Senior Subordinated Indebtedness of the Company.
Junior Subordinated Indebtedness means all Borrower's Debt which is subordinate and junior in right with respect to Borrower's general assets to all Borrower's other Debt (including without limitation Senior Indebtedness and Subordinated Indebtedness).
Junior Subordinated Indebtedness. Senior Subordinated Indebtedness" and "Senior Indebtedness," means all obligations which, in accordance with GAAP, should be classified as liabilities on a balance sheet and, in any event, shall include all debt and other similar monetary obligations, whether direct or guaranteed.
Junior Subordinated Indebtedness unsecured indebtedness of the Borrower for borrowed money that is evidenced by an instrument or instruments containing the subordination provisions set forth in Exhibit N to the Project Loan Agreement.
Junior Subordinated Indebtedness has the meaning provided in Section 6.01.