Lower Priority definition
Lower Priority. As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02 (a).
Lower Priority. As of any date of determination and any Class of Class M-II Certificates or Class B-II Certificates, any other Class of Class M-II Certificates or Class B-II Certificates then outstanding with a later priority for payments pursuant to Section 4.02(II)(a).
Lower Priority. As an unsecured creditor GEMH has priority in liquidation over holders of common and preferred stock and should be treated the same as other unsecured creditors. As a holder of Series D Stock, GEMH will be treated as other holders of Series D Stock, but will be junior to holders of unsecured indebtedness as well as holders of outstanding shares of Series B Preferred Stock and Series C Preferred Stock (no shares of Series A or Series D Preferred Stock are outstanding). This Subscription Agreement is offered for the purpose of GEMH considering the ramifications of its investment in the Offering as described above. If after reviewing this Agreement and other relevant documents with the your legal, financial, tax and investment advisors as you deem appropriate you elect to purchase Securities, please complete the following: By executing this Agreement and returning it to the Company, you further agree that your investment is being made entirely on the terms and conditions stated herein and in the documents attached hereto. You understand that this Subscription Agreement is not binding until the Company accepts it in writing. Caveat: Certain statements contained herein and included in other documents which have been given to you (including the Company’s reports filed pursuant to the requirements of the ▇▇▇▇ ▇▇▇) using the terms “may,” “expects to” and other terms denoting future possibilities, are forward-looking statements. We cannot guarantee the accuracy of these statements as they are subject to a variety of risks, which are beyond our ability to predict or control. These risks may cause actual results to differ materially from the projections or estimates given to you. These risks include, but are not limited to, the possibility that the described operations or other activities will not be completed on economic terms, if at all. Our contemplated operations are attendant with high risk. There can be no assurance that we will succeed in operating our contemplated business, and it is important that each person considering and investment pursuant to this Subscription Agreement understands the significant risks, which accompany the proposed conduct of our future operations.
More Definitions of Lower Priority
Lower Priority means one encumbrancer’s priority that is subordinated to another encumbrancer’s priority to have its rights or claims satisfied against the same of movable property;