Subordinated Loan definition

Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

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Subordinated Loan means a loan obligation of any corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not a Second Lien Loan or a First Lien/Last Out Loan.

Subordinated Loan means any loan made by the General Partners to the Partnership pursuant to Section 6.10.

Examples of Subordinated Loan in a sentence

• The Borrower shall ensure that no amendment, variation, waiver or other change is made to its memorandum and articles of association or other constituent documents, the Servicing Agreement, the Option Agreement or the Subordinated Loan Agreement.

• The Borrower shall ensure that the Servicing Agreement, the Option Agreement and the Subordinated Loan Agreement remain in place and in full force and effect and that neither it nor any other Obligor shall breach any of the terms of any of such documents.

• The Borrower shall not pay or repay any amount under the Subordinated Loan Agreement while the Secured Obligations remain outstanding provided that upon delivery of an Aircraft and following payment and repayment of principal, interest, breakage costs and the amounts allocable to such Aircraft and all other amounts the due and owing under the Mortgage, the Borrower may repay amounts payable under the Subordinated Loan Agreement to the extent of available funds at such time.

• The Borrower shall not pay or repay any amount under the Subordinated Loan Agreement while the Secured Obligations remain outstanding.

More Definitions of Subordinated Loan

Subordinated Loan has the meaning set forth in Section 1.2(a).

Subordinated Loan shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.

Subordinated Loan has the meaning set forth in the Sale Agreement.

Subordinated Loan means a loan secured by a lien that is lower in priority than one or more specified other liens.

Subordinated Loan means a subordinated revolving loan from a Seller to the Buyer which is evidenced by a Subordinated Note.

Subordinated Loan has the meaning set forth in the Subordinated Loan Agreement.

Subordinated Loan means the loan evidenced by the Subordinated Note.