Subordinated Debt Amount has the meaning ascribed to such term in the recitals hereto.
Subordinated Debt Amount means $50,000,000.00.
Subordinated Debt Amount means, at any time, the aggregate principal amount of outstanding Subordinated Debt up to an amount equal to 25% of Consolidated Net Worth.
Examples of Subordinated Debt Amount in a sentence
The Amendment allowed the Company to issue a total of $1,047,368 in additional Promissory Notes (“2020New Notes”) to a group of its current investors and the majority of its Board of Directors and amended the Maximum Subordinated Debt Amount (as defined in the Agreement) from $6,000,000 to $7,047,368.
More Definitions of Subordinated Debt Amount
Subordinated Debt Amount is hereby deleted from Section 1.1 of the 2005 Loan Agreement and replaced in its entirety with the following:
Subordinated Debt Amount means the principal amount of $10,000,000.
Subordinated Debt Amount means $25,000,000.
Subordinated Debt Amount means $75,000,000.
Subordinated Debt Amount means $50,000,000.
Subordinated Debt Amount is hereby deleted from Section 1.1 of the Initial Agreement and replaced in its entirety with the following:
Subordinated Debt Amount has that meaning ascribed to such term in the recitals hereto.