Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.
Subordinated Loans means new capital raised by the Issuer by way of subordinated loans pursuant to the Intercreditor Agreement, with (i) shall have a maturity after the Final Redemption Date, including the optional extension period (ii) be contractually subordinated to the Bonds and (iii) include terms that entail that the Subordinated Loans are structured as bullet loans and that interest is only payable after the Final Redemption Date (as extended).
Subordinated Loans means any shareholder loan made to the Issuer as debtor, if such loan:
Examples of Subordinated Loans in a sentence
At or prior to Closing, LFG will repay in full all amounts owed to Harris Bank, CommerzeBank [sic], Cole Taylor Bank, or any other lender who may have priority (as to payment, security, or otherwise) over the Subordinated Loans.
The Issuer shall not declare or make any dividend payment, repurchase of shares or make other distributions or payments to its shareholders (including but not limited to payment of principal or interest on any Subordinated Loans in cash), including without limitation any total return swaps or instruments with similar effect (a "Distribution"), other than a Permitted Distribution.
More Definitions of Subordinated Loans
Subordinated Loans means any loan incurred by the Issuer or US HoldCo, where the Issuer or US HoldCo is the debtor, if such loan (a) according to its terms and pursuant to a subordination agreement on terms and conditions satisfactory to the Agent, is subordinated to the obligations of the Issuer under the Terms and Conditions, (b) according to its terms has a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Maturity Date, and (c) according to its terms yield only payment-in-kind interest.
Subordinated Loans any Indebtedness that is subordinated to the payment in full of the Obligations on terms and conditions satisfactory to the Administrative Agent.
Subordinated Loans means any loan made to the Issuer, if such loan:
Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to the Subordination Agreement), is subordinated to the obligations of the Issuer under the Terms and Conditions and the Bonds, (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Maturity Date, and (iii) according to its terms yield only payment-in-kind interest.
Subordinated Loans means the loans and other financial accommodations made by Subordinated Lender pursuant to the Subordinated Loan Documents.
Subordinated Loans means approved loans, pursuant to an agreement in writing in the form prescribed by the Corporation, the payment of which is deferred in favour of other creditors and is subject to regulatory approval.FORM 1 – PART I – NOTES (Member Name) NOTES TO THE FORM 1 FINANCIAL STATEMENTS at FORM 1, PART IIREPORT ON COMPLIANCE FOR INSURANCE AND SEGREGATION OF CASH AND SECURITIESTo: The Mutual Fund Dealers Association of Canada (the Corporation) and the Corporation MFDA Investor Protection CorporationIPF: We have performed the following procedures in connection with the regulatory requirements for (Member firm)to maintain minimum insurance and segregate client cash and securities as outlined in the By-laws, Rules, and Policies of the Corporation. Compliance with the Corporation By-laws, Rules, and Policies with respect to insurance and the segregation of client cash and securities is the responsibility of the management of the Member firm. Our responsibility is to perform the procedures requested by you. 1. We have read the Member firm’s written internal control policies and procedures with respect to maintaining insurance coverage and segregation of client cash and securities to determine that such policies and procedures meet the minimum required, as prescribed by the Rules and Policies of the Corporation in regards to establishing and maintaining adequate internal controls. 2. We obtained representation from appropriate senior management of the Member firm that the Member firm’s internal control policies and procedures with respect to insurance and segregation of client cash and securities meet the minimum required, as prescribed by the Rules Policies of the Corporation in regards to establishing and maintaining adequate internal controls and that they have been implemented.