Subordinated Interest definition

Subordinated Interest shall have the meaning specified in subsection 2.2(b).

Subordinated Interest means a subordinate interest (whether characterized as debt or equity, and including without limitation, general and limited partnership interests, participation certificates and trust certificates) in a pool of promissory notes, mortgage loans, chattel paper, leases or other similar financial assets, issued in connection with a Securitization Asset Sale or otherwise.

Subordinated Interest means, with respect to any Warehouse Facility Lender and any Payment Date, the positive difference, if any, between (i) the amount of interest accrued on all Advances of such Warehouse Facility Lender (or a portion thereof) funded or maintained other than by the issuance of Commercial Paper Notes during the related Interest Period and (ii) the amount of interest that would have accrued on such Advances (or a portion thereof) during such Interest Period at an interest rate per annum equal to the Eurodollar Rate (Reserve Adjusted) for such Interest Period, plus 1.00%.

Examples of Subordinated Interest in a sentence

• Other provisionsSubordinated Interest On each Interest Payment Date following the Coupon Step-Up Date, the Issuer shall pay, pro rata, in respect of all of the Notes, Subordinated Interest in an amount equal to the cash available in the applicable Priority of Payments after the payment of or provision for items 1 to 22 in accordance with the Pre-Enforcement Priority of Payments or items 1 to 10 in accordance with the Post-Enforcement Priority of Payments.

• Subordinated Interest shall be paid in addition to the amounts paid under paragraph 35 above.

• The Trustee will give prompt written notice to the Company, the Master Servicer and the Holders of any change in the location of the Certificate Register, the Exchange Register, the Subordinated Interest Register or any such office or agency.

• The Debtors and the Reorganized Debtors, as applicable, shall be permitted to seek the classification of any Claim as a Subordinated Interest by filing an objection to or other pleading with respect to such Claim with the Bankruptcy Court and shall not be required to commence an adversary proceeding to effect such classification.

• If there are insufficient funds to pay the Base Management Fee or distribute amounts in respect of the Subordinated Interest in full on any Distribution Date when due, then amounts unpaid will be deferred and will be payable or distributable on subsequent Distribution Dates in accordance with the Priority of Distributions.

More Definitions of Subordinated Interest

Subordinated Interest means, in respect of any Term Advances or Revolving Advances under any Intercompany Loan Agreement, any amounts by which the applicable margin on such Term Advances or Revolving Advances exceed the initial applicable margin on such Term Advances or Revolving Advances as at the date that such Intercompany Loan Agreement was first entered into; and

Subordinated Interest means any Equity Interest that is subordinated by court order or otherwise to all other Equity Interests, in respect of which a request or motion to subordinate may be filed for up to ninety (90) days after the Effective Date, unless extended by the Court.

Subordinated Interest. On any day, an amount equal to the positive difference result, if any, of (a) the Outstanding Principal Amount of Loans on such day divided by the Net Advance Rate on such day less (b) the Outstanding Principal Amount of Loans on such day.

Subordinated Interest means an Interest subject to an Order of the Bankruptcy Court subordinating such Interest to all other Interests.

Subordinated Interest means any Claim against any Debtor subject to subordination under section 510(b) of the Bankruptcy Code, whether by operation of law or contract. For the avoidance of doubt, Subordinated Interests include any Claims asserted by the plaintiffs in the Shareholder Lawsuits.

Subordinated Interest means interest designated as Subordinated Interest under any Supplemental Indenture authorizing a Series of Senior Bonds which are Variable Rate Bonds and which is payable from the Junior Obligation Debt Service Fund to a person who becomes a Bondholder as a result of providing a credit or liquidity enhancement facility relating to such Series.

Subordinated Interest means, with respect to any interest payment under a Warehouse Facility that is calculated at the Bank Rate (as defined in the related Receivables Financing Agreement), the positive difference, if any, between (i) the amount of such interest payment calculated using the Applicable Margin and (ii) the amount of such interest payment calculated using the “Applicable Base Margin” in place of the “Applicable Margin.”