Other Subordinated Debt definition

Other Subordinated Debt means unsecured subordinated Indebtedness of the Borrower and unsecured guaranties thereof by one or more Subsidiary Guarantors, in each case, on terms and conditions substantially similar to those set forth in (a) the Offering Circular, and (b) a final offering circular that is reasonably acceptable to the Administrative Agent.

Other Subordinated Debt means unsecured Indebtedness incurred by the Parent to any Other Subordinated Creditor, on terms and conditions acceptable to the Administrative Agent including maturity, fees, repayment, covenants, subordination and interest (including that the interest rate applicable to any such Indebtedness shall in no event be in excess of the interest rate payable on the Closing Date Subordinated Indebtedness as in effect on the Fourth Amendment Effective Date and any interest payable on such Indebtedness shall only be payable in kind).”

Other Subordinated Debt means Indebtedness of the Company or any Subsidiary (other than intercompany Indebtedness) that is subordinated to the Loan Obligations in a manner satisfactory to the Lender, and contains terms. including without limitation, payment terms. satisfactory to the Lender.

Examples of Other Subordinated Debt in a sentence

• Limitation on Other Subordinated Debt..................................................

• Holders of such debt generally rank just ahead of shareholders in the event of liquidation of the reporting entity's assets.Detail67000 Total Debt Capital 67100 Subordinated Debt67110 Chartered Banks67120 Parent, Affiliates and Shareholders 67180 Other Subordinated Debt ITEM NO.

• Limitation on Issuance of Other Subordinated Debt............................................

• This Amendment shall become effective as of the date set forth above on the date (the "Amendment Effective Date") that the Administrative Agent (or its counsel) shall have received counterparts of this Amendment that, when taken together, bear the signatures of the Borrower, Holdings and the Requisite Lenders; provided, however, that Sections 8, 9 and 11 of this Amendment shall not become effective until the Other Subordinated Debt Condition applies and the Amendment Fee shall have been paid.

• That the aggregate principal amount of debt owed by EEA to Creditor under this Agreement and to third parties under Other Subordinated Debt Agreements shall not exceed the sum of $2,500,000.00.

More Definitions of Other Subordinated Debt

Other Subordinated Debt. “ shall mean unsecured Indebtedness of Holdings or the Borrower (which may be Guaranteed by an Loan Party on a subordinated basis) that satisfies the conditions set forth in the proviso to Section 6.01(i).

Other Subordinated Debt shall have the meaning provided in Section 3.01(s).

Other Subordinated Debt means Indebtedness of the Company (in respect of which any of its Subsidiaries may be a guarantor on a subordinated basis or in respect of which, in the case of any Subsidiary that is a co-obligor of the Senior Notes, such Subsidiary may be a co-obligor on a subordinated basis) that is subordinated in right of payment to the obligations of the Company to pay principal of and interest on the Loans and all other amounts owing hereunder and the obligations of the Company under any Hedging Agreements entered into with any of the Lenders in respect of the Loans and that shall (a) (i) have a maturity date no earlier than the maturity of the Senior Notes, (ii) not provide for any amortization or redemption at any time prior to the maturity of the Senior Notes (other than on terms comparable to the Senior Notes), (iii) contain subordination provisions which, in the reasonable judgment of the Administrative Agent, are consistent with subordination provisions for a comparable offering of senior subordinated notes and (iv) contain other terms and conditions (including, without limitation, covenants and events of default, but excluding terms as to pricing) not more favorable to the Company than the terms of the Senior Notes or (b) otherwise be approved by the Required Lenders.

Other Subordinated Debt has the meaning specified in Section 5.02(b)(i)(E).

Other Subordinated Debt means Debt of Borrower to any Person, the payment of which has been subordinated to the payment of the Obligations in a manner satisfactory to Agent and by a document satisfactory to Agent, but excluding the Senior Subordinated Note Debt.

Other Subordinated Debt means unsecured subordinated Indebtedness of Holdings or the Borrower meeting all the requirements of the definition of Permitted Subordinated Debt except the requirement that it be incurred prior to the first anniversary of the Closing Date.

Other Subordinated Debt shall have the meaning provided in Section 5.21.