Subordinate Obligation means a debt obligation of the Recipient that is subordinate to this Obligation. There are no Subordinate Obligations.
Subordinate Obligation means indebtedness of the District having a lien subordinate to the lien created by the District Indenture.
Subordinate Obligation means any bonds, notes or evidences of indebtedness (not including Senior Obligations) issued by the Corporation as permitted by the Indenture, and any other subordinate obligation identified in a Supplemental Indenture.
Examples of Subordinate Obligation in a sentence
Each Revolving Loan shall constitute a Subordinate Obligation under the Subordinate Trust Agreement.
This Note constitutes a Subordinate Obligation within the meaning of the Subordinate Trust Agreement.
Each Term Loan shall constitute a Subordinate Obligation under the Subordinate Trust Agreement.
The disruption to credit card transactions, due to both the attack itself and the efforts to recover, is extremely visible and frightening to the public.
Subordinate Lender consents and agrees that until the payment in full of the Senior Obligation, Subordinate Lender will not sell or assign the Subordinate Obligation without the prior written consent of Trustee, except to the Source Lender.
More Definitions of Subordinate Obligation
Subordinate Obligation means the subordinate payment obligation of the Authority described in Section 7.3 to reimburse the Owner for those certified and approved Subordinate Eligible Costs that are not Senior Eligible Costs.
Subordinate Obligation means a debt obligation that is subordinate to this Obligation. There are no Subordinate Obligations.
Subordinate Obligation means a debt obligation of the Recipient that is subordinate to this Obligation. As of the date of execution of this Agreement, there are no Subordinate Obligations.
Subordinate Obligation means any additional Obligation which is expressly made a charge on only the Surplus Net Revenues of the System subordinate to the pledge of Net Revenues to the Revenue Bond Account.
Subordinate Obligation means any bonds, notes or evidences of indebtedness (not including Senior Obligations) issued by the Authority as permitted by Section 7.11, including all amounts owing to Government Development Bank from amounts held under the Indenture, as provided in the GDB Project Loan Agreement, and any other subordinate obligation identified in a Supplemental Indenture.
Subordinate Obligation has the meaning set forth in Section 5.3(c)
Subordinate Obligation or “Subordinate Obligations” shall mean indebtedness or securities of any kind or class, including bonds, notes, bond anticipation notes, commercial paper, obligations in contractual form, obligations incurred in connection with investment agreements, swap or hedges, but only to the extent specified in a Supplemental Agreement, and other obligations issued or incurred under the provisions of Article II of this Agreement, as specified in a Supplemental Agreement and secured by this Agreement. “Subordinate Obligation” or “Subordinate Obligations” shall not include Junior Subordinate Obligations or other obligations incurred by the Authority as permitted by Section 5.06 which are payable on a basis subordinate to the Subordinate Obligations.