Subordinated Securities definition

Subordinated Securities means Securities that by the terms established pursuant to Section 2.02(i) are subordinated in right of payment to Senior Debt of the Company.

Subordinated Securities means Securities that by the terms established pursuant to Subsection 2.3(9) are subordinated in right of payment to Senior Indebtedness of the Issuer.

Subordinated Securities means Securities that by the terms established pursuant to Subsection 301(10) are subordinate to any specified debt of the Company.

Examples of Subordinated Securities in a sentence

• The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Subordinated Securities by his acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on each and all of the Subordinated Securities is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness.

• No payment by the Company on account of principal (or premium, if any), sinking funds or interest, if any, on the Subordinated Securities shall be made unless full payment of amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness has been made or duly provided for in money or money’s worth.

• Subordinated Securities shall rank junior to the Company’s Senior Indebtedness and equally and pari passu with all of the Company’s other Subordinated Indebtedness.

• Any renewal or extension of the time of payment of any Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made or done all without notice to or assent from the Holders of the Subordinated Securities or the Trustee.

• The Securities may be issued in one or more series as Registered Securities and shall be designated as Senior Securities or Subordinated Securities.

More Definitions of Subordinated Securities

Subordinated Securities means any security or securities of the Company without regard to series, authenticated and delivered under this Subordinated Indenture.

Subordinated Securities means Securities that by the terms established pursuant to Subsection 2.3(9) are subordinate to any specified debt of the Issuer.

Subordinated Securities means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.

Subordinated Securities has the meaning specified in Section 1401.

Subordinated Securities means Securities which, pursuant to Section 301(25), are expressly made subordinate in right of payment to Senior Indebtedness.

Subordinated Securities means any Security or Securities designated pursuant to Section 3.01 as a Subordinated Security.

Subordinated Securities means any Securities issued pursuant to this Indenture the terms of which provide that such Securities rank junior in right of payment to Senior Indebtedness.