Examples of Subordinate Payments in a sentence
Property insurers must plan for developments in building construction techniques and weather patterns.
Balloon Contract The term “Balloon Contract” means Contracts or Bonds 50% or more of the principal of which matures or is payable on the same date and which is not required by the instrument pursuant to which such Contracts or Bonds were incurred to be amortized by payment or redemption prior to such date.Balloon Installment Payments The term “Balloon Installment Payments” means any Senior Payments or Subordinate Payments designated as such in any Balloon Contract.
Meetings of shareholders shall be held at the principal place of business of the Corporation or at such other place as may be designated by the Board of Directors, within and without the State of Florida.