Subordinated Note definition

Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

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Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

Subordinated Note means a promissory note in substantially the form of Exhibit VI hereto as more fully described in Section 1.2 of the Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Examples of Subordinated Note in a sentence

Paragraph captions used in this Subordinated Note are for convenience only and shall not affect the meaning or interpretation of any provision of this Subordinated Note.
The indebtedness evidenced by this CFC Subordinated Note is subordinated to the prior payment in full of all of the Buyer’s recourse obligations under the Receivables Purchase Agreement.
This Subordinated Note is one of the Subordinated Notes described in, and is subject to the terms and conditions set forth in, that certain Purchase and Sale Agreement dated as of September 30, 2022 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Purchase and Sale Agreement”), among the Buyer, Sylvamo North America, LLC, as Servicer, the Originator, and the other originators from time to time party thereto.
Subject to the Subordination Provisions set forth below, the Buyer promises to pay interest on the principal amount of this Subordinated Note as follows: to (but excluding) the date on which the entire aggregate unpaid Purchase Price is fully paid, the aggregate unpaid Purchase Price from time to time outstanding shall bear interest at a rate per annum equal to the Prime Rate.
No amendment, modification or waiver of, or consent with respect to, any provision of this Subordinated Note shall in any event be effective unless (i) the same shall be in writing and signed and delivered by the Buyer and the Holder and (ii) all consents required for such actions under the Transaction Documents shall have been received by the appropriate Persons.

More Definitions of Subordinated Note

Subordinated Note or “Subordinated Notes” means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

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

Subordinated Note means each revolving promissory note issued by the Seller to the Originator under the Purchase Agreement.

Subordinated Note shall have the meaning specified in the Receivables Purchase Agreement.

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

Subordinated Note has the meaning specified therefor in the Recitals hereto.

Subordinated Note means that certain $[ ] subordinated promissory note, dated [ ], issued by Borrower to Subordinated Creditor, as amended, restated, supplemented or otherwise modified from time to time.