Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.
Subordinate Indebtedness means, collectively the Subordinate Lien Bonds and Subordinate Lien Obligations
Subordinate Indebtedness means, collectively or individually, as the context requires, the Subordinate Bonds and Subordinate Obligations.
Examples of Subordinate Indebtedness in a sentence
Notwithstanding the foregoing, in the event the Senior Indebtedness is refinanced or a transfer of physical assets occurs, the term of this Agreement shall continue and the Subordinate Indebtedness and Subordinate Loan Documents shall be subordinate to any such indebtedness related to the refinanced or transferred loan as provided in Section 10 above.
More Definitions of Subordinate Indebtedness
Subordinate Indebtedness means obligations issued in compliance with Section 6 of this Declaration which are secured by a lien on, and pledge of, the Interstate Corridor Tax Increment Revenues which are subordinate to the lien on, and pledge of, the Interstate Corridor Tax Increment Revenues which secure the Bonds.
Subordinate Indebtedness means any Indebtedness which is unsecured, secured by a Lien that is junior in priority to the Lien securing the Obligations, subordinated or junior in right of payment to the Loans and, with respect to the Guarantors, the guarantees of the Loans hereunder.
Subordinate Indebtedness means unsecured indebtedness that is subordinate and junior in right of payment to the Notes and which does not provide for amortization of principal on terms less favorable to the Company than equal monthly installments over a five-year period; and
Subordinate Indebtedness means Indebtedness of the Borrower, the Parent and their respective Subsidiaries which (a) shall not mature, become payable or require the payment of any principal amount thereof (or any amount in lieu thereof) or be mandatorily redeemable, pursuant to a sinking fund or otherwise redeemable at the option of the holder thereof, in any case in whole or in part, before the date that is 181 days after the Term Maturity Date and (b) shall be junior and subordinate to the Obligations and subject to an intercreditor agreement or subordination provisions and other terms and provisions which are acceptable to the Administrative Agent.
Subordinate Indebtedness means Indebtedness of the Borrower, the Parent and their respective Subsidiaries which (a) shall not mature, become payable or require the payment of any principal amount thereof (or any amount in lieu thereof) or be mandatorily redeemable, pursuant to a sinking fund or otherwise redeemable at the option of the holder thereof, in any case in whole or in part, before the date that is 91 days after the Maturity Date and (b) shall be junior and subordinate to the Obligations and subject to an intercreditor agreement or subordination provisions which are in accordance with the then prevailing customary market terms and conditions.
Subordinate Indebtedness. Indebtedness which by its terms is subordinate in right of payment to payments on or with respect to the Loans or otherwise with respect to Obligations under this Agreement.
Subordinate Indebtedness means any indebtedness issued under the Subordinate Agreement, including the Subordinate Bonds described in the recitals hereto.