Subordinated Class definition

Subordinated Class has, with respect to a Class of Notes of any Series, the meaning specified in the related Indenture Supplement.

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Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

Subordinated Class means (a) with respect to the Class A Notes, the Class B Notes and the Class C Notes and (b) with respect to the Class B Notes, the Class C Notes.

Examples of Subordinated Class in a sentence

• In the case of any Certificate representing Subordinated Class C Units which are converted in part only, upon such conversion the Transfer Agent shall authenticate and deliver to the holder of Subordinated Class C Units thereof, at the expense of the Partnership, a new Certificate representing the number of Subordinated Class C Units not so converted.

• Each Subordinated Class C Unit shall, upon its Conversion Date, be deemed to be transferred to, and cancelled by, the Partnership in exchange for the issuance of the Common Unit into which such Subordinated Class C Unit converted.

• The approval of a majority of the Subordinated Class C Units shall be required to approve any matter for which the holders of the Subordinated Class C Units are entitled to vote as a separate class.

• Notwithstanding anything herein to the contrary, the Partnership shall not take any action that adversely affects any of the rights, preferences or privileges of the Subordinated Class C Units.

• Notwithstanding anything herein to the contrary, until all Convertible Class B Units are converted pursuant to Section 5.12(c), the Partnership shall not issue any equity securities (other than Common Units, the Subordinated Class C Units being issued pursuant to the Subscription Agreement and any additional General Partner Interest pursuant to Section 5.2(b)) unless the holders of a majority of the outstanding Convertible Class B Units approve such issuance.

More Definitions of Subordinated Class

Subordinated Class means (a) with respect to Class A Notes of a series, Class B Notes or Class C Notes of that series, and (b) with respect to Class B Notes of a series, Class C Notes of that series.

Subordinated Class means (a) with respect to the Class A Notes, the Class B Notes, Class C Notes or Class D Notes, (b) with respect to the Class B Notes, the Class C Notes or Class D Notes, and (c) with respect to the Class C Notes, the Class D Notes.

Subordinated Class means any Class of Notes which is designated as a Subordinated Class in the applicable Supplement.

Subordinated Class means a Senior Subordinated Class or a Junior Subordinated Class.

Subordinated Class means each Investor Certificate issued hereunder.

Subordinated Class means any Class of Notes that is identified as being a "Subordinated Class" in the applicable Supplement. With respect to any Subsequent Issuance of a Subordinated Class, the Supplement pursuant to which such new Notes are to be issued shall specify the priority in payment of such new Subordinated Class relative to each other Subordinated Class outstanding as of such Subsequent Issuance Date.

Subordinated Class means with respect to a Series, each Class D Note of such Series and Class E Note of such Series.