Subordinate Interest definition

Subordinate Interest means, for any Payment Date and any Loan, any Interest payable in respect of such Loan as a result of the application of the Step-Up Margin on such Payment Date.

Subordinate Interest. Any Junior Interest, Mezzanine Loan or Mezzanine Participation Interest.

Subordinate Interest. The meaning specified in Section 13.1 hereof.

Examples of Subordinate Interest in a sentence

• For purposes of calculating the accrual of interest with respect to each Subordinate Interest and any Interest Accrual Period, the related Q-REMIC Interest Balance will be deemed to adjust at the beginning of such Interest Accrual Period.

• All security interests now or hereafter acquired by Silicon in any or all of the Collateral (as defined below), in which the Borrower now has or hereafter acquires any ownership, leasehold or other interest shall at all times be prior and superior to any lien, ownership interest, security interest or other interest or claim now held or hereafter acquired by the Creditor in the Collateral (the "Subordinate Interest").

• No Person acquiring a beneficial ownership interest in any Q-REMIC Interests will be entitled to receive a physical certificate representing such ownership interest; provided, however, that at the option of the holder of any Subordinate Interest, such Subordinate Interest may be evidenced by a note in physical form.

• Upon any disposition of any of the Collateral by Secured Party, the Subordinating Creditor agrees, if requested by Secured Party, to promptly execute and deliver any and all releases or other documents or agreements which Secured Party reasonably deems necessary to accomplish a disposition thereof free of the Subordinate Interest.

• Gateway records the government securities held in the Senior Lien, Stadium Revenue and Subordinate Interest and Bond Funds at their fair value.

More Definitions of Subordinate Interest

Subordinate Interest means any interest in or right over the building or structure in question (whether granted by the relevant person or by somebody else);

Subordinate Interest means a junior or residual interest in a trust that holds tax-exempt mortgage bonds or a junior class of tax-exempt mortgage bonds.

Subordinate Interest means an interest in or right over the building, whether granted by the former owner or anyone else.

Subordinate Interest. The Class BI Interest.

Subordinate Interest means any lien, ownership interest, security interest or other interest or claim now held or hereafter acquired by Creditor in the Collateral.

Subordinate Interest has the meaning set forth in Section 5.12.

Subordinate Interest means an equity interest that is designated as a "Class B" or subordinate interest or is otherwise subordinate to the equity interest (other than a general partnership or similar equity interest) having the greatest relative rights and privileges. No Principal shall have any liability under this Agreement except as specifically provided in this Section. No Person whose only equity interest in a Trading Party is a Subordinate Interest shall be required to become a party to this Agreement or to incur any liability hereunder.