Subordinated Liabilities definition

Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

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Subordinated Liabilities means liabilities subordinated to the Obligations in a manner acceptable to Agent in its sole discretion.

Subordinated Liabilities means all indebtedness owed or expressed to be owed by the Borrowers to a Subordinated Creditor whether under the Subordinated Finance Documents or otherwise.

Examples of Subordinated Liabilities in a sentence

• The Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Topco Group in respect of any of the Subordinated Liabilities prior to the Final Discharge Date, unless the requisite Senior Secured Creditors or, as the case may be, Topco Creditors under the applicable Finance Document consent to that Security, guarantee, indemnity or other assurance against loss.

• Neither the Company nor any other Debtor or member of the Topco Group shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Subordinated Document by the operation of Clause 7.1 (Restriction on Payment: Subordinated Liabilities) and Clause 7.2 (Permitted Payments: Subordinated Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.

• The Company, any other Debtor and any member of the Topco Group may make any Payments in respect of the Subordinated Liabilities (whether of principal, interest or otherwise) if such Payment is not prohibited by the Prior Ranking Financing Agreements or, to the extent prohibited, unless the Required Creditor Consent has been obtained.

More Definitions of Subordinated Liabilities

Subordinated Liabilities means all Liabilities to the Lender in respect of the Loan and all interest payable thereon.

Subordinated Liabilities. ’ means the Notes and any relative Coupons and all other Liabilities of the Issuer in respect of indebtedness which is both unsecured and subordinated by its terms in right of payment to unsubordinated Liabilities of the Issuer in any Insolvency of the Issuer.

Subordinated Liabilities means all present and future sums liabilities and obligations payable or owing by the Borrower to the Lender (whether actual or contingent, jointly or severally or otherwise) in respect of the Loan and all [interest]* costs charges and expenses due and payable thereon.

Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to FCW in a manner acceptable to FCW in its sole discretion.

Subordinated Liabilities means (a) all money and Liabilities now or in future due or owing to a Subordinated Creditor by any member of the Group under a Subordinated Creditor Document and (b) any liability of the Company in respect of declared dividends.

Subordinated Liabilities means the Liabilities owed to the Subordinated Creditors by members of the Group.

Subordinated Liabilities means liabilities subordinated to the Borrowers’ obligations to the Bank in a manner acceptable to the Bank in its sole discretion.