Serviceable Subordinated Debt definition
Serviceable Subordinated Debt means any Financial Indebtedness not prohibited by the Finance Documents or the Existing Finance Documents (including, for the avoidance of doubt, High Yield Notes and Relevant Convertible Preference Shares) which is raised by an entity that is not a member of the Borrower Group, all or part of, the proceeds of which are on-lent directly or indirectly to a member of the Borrower Group by a Subordinated Creditor by means of a Subordinated Shareholder Loan provided that, all or part of, such proceeds are applied in permanent prepayment and cancellation of the Facilities in accordance with this Agreement or of the Existing Facility in accordance with the Existing Facility Agreement. Shareholder means UGCE Inc. or a Subsidiary (as defined in any relevant Indenture) of UGCE Inc. Shareholders’ Agreements means the agreements listed in Schedule 9 (Shareholders’ Agreements). Signing Date means the date of this Agreement. Sterling means the lawful currency for the time being of the United Kingdom.
Serviceable Subordinated Debt means any Financial Indebtedness not prohibited by the Finance Documents or the New Finance Documents (including, for the avoidance of doubt, High Yield Notes and Relevant Convertible Preference Shares) which is raised by an entity that is not a member of the Borrower Group, all or part of the proceeds of which are on-lent directly or indirectly to a member of the Borrower Group by a Subordinated Creditor by means of a Subordinated Shareholder Loan provided that all or part of such proceeds are applied in permanent prepayment and cancellation of the Facilities in accordance with this Agreement or of the New Facility D in accordance with the New Facility Agreement. Shareholder means UGCE Inc. or a Subsidiary (as defined in any relevant Indenture) of UGCE Inc. Shareholders’ Agreements means the agreements listed in Schedule 11 (Shareholders’ Agreements). Signing Date means the date of this Agreement. Sterling means the lawful currency for the time being of the United Kingdom.
Serviceable Subordinated Debt means any Financial Indebtedness not prohibited by the Finance Documents or the New Finance Documents (including, for the avoidance of doubt, High Yield Notes and Relevant Convertible Preference Shares) which is raised by an entity that is not a member of the Borrower Group, all or part of the proceeds of which are on-lent directly or indirectly to a member of the Borrower Group by a Subordinated Creditor by means of a Subordinated Shareholder Loan provided that all or part of such proceeds are applied in permanent prepayment and cancellation of the Facilities in accordance with this Agreement or of the New Facility D in accordance with the New Facility Agreement. Shareholder means UGCE Inc. or a UGCE Inc. Subsidiary. Shareholders’ Agreements means the agreements listed in Schedule 11 (Shareholders’ Agreements).
More Definitions of Serviceable Subordinated Debt
Serviceable Subordinated Debt means any Financial Indebtedness not prohibited by the Finance Documents or the Existing Finance Documents (including, for the avoidance of doubt, High Yield Notes and Relevant Convertible Preference Shares) which is raised by an entity that is not a member of the Borrower Group, all or part of, the proceeds of which are on-lent directly or indirectly to a member of the Borrower Group by a Subordinated Creditor by means of a Subordinated Shareholder Loan provided that, all or part of, such proceeds are applied in permanent prepayment and cancellation of the Facilities in accordance with this Agreement or of the Existing Facility in accordance with the Existing Facility Agreement. Shareholder means UGCE Inc. or a UGCE Inc. Subsidiary. Shareholders’ Agreements means the agreements listed in Schedule 9 (Shareholders’ Agreements). Signing Date means the date of this Agreement. Sterling means the lawful currency for the time being of the United Kingdom.