Junior Subordinated Loan definition
Examples of Junior Subordinated Loan in a sentence
The occurrence of any Even▇ ▇▇ ▇▇▇ault (to the extent not waived) under any of the Senior Finance Documents, the agreements evidencing the terms of any of the other Commercial Subordinated Loans or the Junior Subordinated Loan Agreement.
The Bank SPC will use the proceeds from the issuance of its ordinary shares to make a junior subordinated loan (the “Bank Junior Subordinated Loan”) to BTMU pursuant to a Junior Subordinated Loan Agreement (the “Bank Junior Subordinated Loan Agreement”).
Payments under the Bank SPC Preferred Securities, the Holding Junior Subordinated Loan Agreement and the Subordinated Guarantee Agreement are expected to be the Issuer’s only sources of funds to pay dividends on the Preferred Securities, and payments under the Senior Subordinated Loan Agreement, the Bank Junior Subordinated Loan Agreement and the Support Agreement are expected to be the Bank SPC’s only sources of funds to pay dividends on the Bank SPC Preferred Securities.
The second and third sentences of paragraph (v) of Section 3.1 are amended and restated in their entirety as follows: "The subordination provisions of the Senior Subordinated Loan Agreement and Junior Subordinated Loan Agreement, respectively, will be enforceable against the holders thereof or Persons party thereto, as applicable, and all Customer Obligations are within the definition of "Senior Loan Obligations" included in such provisions.
Notwithstanding anything in this Agreement to the contrary, in no event will proceeds of the Loans be used by Company to fund repayment of any obligations under the Junior Subordinated Loan Agreement, including but not limited to any shortfall in the Collection Account relating to payments owing with respect to the Junior Subordinated Loan Agreement.
Each Junior Subordinated Claimholder shall give each Secured Agent prompt written notice of the occurrence of any Default or Event of Default under any Junior Subordinated Loan Document upon the earlier to occur of (i) the date of receipt by such Junior Subordinated Claimholder of notice of such Default or Event of Default from any Obligor or any other Person and (ii) the date on which such Junior Subordinated Claimholder obtains knowledge of the existence of such Default or Event of Default.
Neither Company nor any of its Subsidiaries is subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Junior Subordinated Loan Obligations unenforceable.
No payment, distribution, purchase or other action may be taken by any Subsidiary of Company with respect to the Junior Subordinated Loan Obligations if Company would be prohibited by this Article Eight from taking such action.
Lender shall be under no obligation to marshal any assets in favor of Company or any other party or against or in payment of any or all of the Junior Subordinated Loan Obligations.
The Company appoints each of the Agents, each acting through its Specified Office, as its agent in relation to the Preferred Securities and (in the case of the Calculation Agent) the Junior Subordinated Loan for the purposes specified in this Agreement and in the Articles and the Resolutions.