Subordinated Interests definition

Subordinated Interests is defined in Section 7.

Subordinated Interests means any Claim against any Debtor subject to subordination pursuant to section 510 of the Bankruptcy Code that existed immediately before the Effective Date.

Subordinated Interests means classes of MBS that are subordinated in right of payments of principal and interest to more senior classes.

Examples of Subordinated Interests in a sentence

• To acquire, own, hold, pledge, sell, transfer, assign or otherwise deal with Securities, including Securities representing a senior interest in Loans ("Senior Interests"), representing a subordinated interest in Loans ("Subordinated Interests") or a residual interest in Loans ("Residual Interests").

• To loan or invest or otherwise apply proceeds from Loans, funds received in respect of Securities, Senior Interests, Subordinated Interests or Residual Interests and any other income, as determined by the Corporation's Board of Directors.

• Subordinated Interests in Loans or Pools of LoansThe definitions of recourse and direct credit substitute explicitly cover a banking organization’s ownership of subordinated interests in loans or pools of loans.

• Upon the delivery of the items listed in clauses (a) through (d) above, the existing Exchangeable Company Interest and the applicable Series Subordinated Interests, as the case may be, shall be deemed cancelled, the Trustee shall issue the applicable Series of Investor Certificates, dated the Exchange Date, and the applicable Series Subordinated Interests and the new Exchangeable Company Interest shall be deemed duly created, in each case as provided above.

• I enclose a check or money order for the Subscription Price for the number of Class B Subordinated Interests indicated in A plus the Subscription Price for the number of Class B Subordinated Interests indicated in B.

More Definitions of Subordinated Interests

Subordinated Interests means any Claim against any Debtor subject to

Subordinated Interests means a class of Mortgage Securities that is subordinated to one or more other classes of Mortgage Securities, all of which classes share the same collateral.

Subordinated Interests means those Interests of the Manager and certain other parties admitted by the Manager, in its sole discretion, which Interests are subordinate, as otherwise described in this Agreement, to the Preferred Interests held by the Preferred Members.

Subordinated Interests means any Claim against any Debtor

Subordinated Interests means the Fixed Rate Certificates, the Reserve Regular Interest, the YSA Regular Interest, and the Interest Only Certificates.

Subordinated Interests means a class of Mortgage-Backed Securities that is subordinated to one or more other classes of Mortgage-Backed Securities, all of which classes share the same collateral.

Subordinated Interests means the interests in the Owner Trust Estate designated as such and issued and delivered by the Issuer pursuant to Section 2.2.