Subordinated Trust Agreement definition

Subordinated Trust Agreement means a trust agreement subordinated to the Trust Agreement authorizing the issuance by Authority of Subordinated Indebtedness, as such may be supplemented or amended from time to time.
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Subordinated Trust Agreement means the Subordinated Trust Agreement dated as of October 1, 2013, between the Issuer and The Bank of New York Mellon, as supplemented and amended from time to time in accordance with the terms thereof.
Sample 1
Subordinated Trust Agreement means the Subordinated Trust Agreement dated as of October 1, 2013 between the Authority and the Bank of New York Mellon, as trustee thereunder, as the same may be supplemented and amended from time to time.
Sample 1

Examples of Subordinated Trust Agreement in a sentence

  • Annual Coverage Requirement shall mean, for any Fiscal Year, the greater of (i) such amount as may be established by the Trust Agreement, the Subordinated Trust Agreement and any Other Financing Document as the minimum amount required to be collected in any Fiscal Year in order to meet the rate covenant of the Trust Agreement, the Subordinated Trust Agreement and such Other Financing Document, or (ii) twenty-five percent (25%) of the amount of Debt Service due in such Fiscal Year.

  • Payment of consideration: The consideration payable to Glorious Investment Shanghai of RMB8,396,500 shall be set- off against part of the amount required to be contributed by Glorious Investment Shanghai in the sum of RMB8,396,500 for the subscription of 8,396,500 subordinated trust units under the Subordinated Trust Agreement.

  • For the avoidance of doubt, to the extent any provision of this Agreement conflicts with the requirements of Sections 5.02, 5.03, 5.05 and 5.09 of the Trust Agreement or Sections 5.02, 5.03 or 5.05 of the Subordinated Trust Agreement, excluding amendments thereto not permitted under Section 8.01, the requirements of the Trust Agreement or Subordinated Trust Agreement, as applicable, prior to such amendments, shall control.

  • The relevant parties shall enter into the Subordinated Trust Agreement, the Debt Reorganisation Agreement, the Equity Transfer Agreement, the Capital Increase Agreement and the Purchase Option Agreement.

  • Financial Analysis Chapter 6 of the Report presents the analysis undertaken by R&A to demonstrate the ability of the Authority to comply with the requirements of the Trust Agreement and the Subordinated Trust Agreement on a pro- forma basis in each year of the Projection Period based on the assumptions regarding the planned issuance of the 2013 Bonds.

  • Based on the analysis in this Report and the financial projections presented in Chapter 6, R&A is of the opinion that the Net Revenues generated by the Airport in each year of the Projection Period will be sufficient to comply with the Additional Bonds Tests and the Rate Covenants established in the Trust Agreement and the Subordinated Trust Agreement.

  • PRINCIPAL TERMS OF THE TRUST ARRANGEMENT The principal terms of the trust arrangement are as follows: Co-operation Agreement, Subordinated Trust Agreement and Purchase Option Agreement Pursuant to the Co-operation Agreement, the parties shall cooperate to establish the Trust Scheme with Zhongrong Trust as the trustee.

  • The Subordinated Trustee shall have those powers set forth in an appropriate Subordinated Trust Agreement, which shall not be inconsistent with the material terms of the Trust Agreement or these Master Terms.

  • The consideration payable to Shanghai Ranjuan of RMB15,593,500 shall be set-off against part of the amount required to be contributed by Shanghai Ranjuan in the sum of RMB15,593,500 for the subscription of 15,593,500 subordinated trust units under the Subordinated Trust Agreement.

  • Certain provisions of the Subordinated Trust Agreement are presented in the following sections:1.1.4.1 Subordinated RevenuesSubordinated Revenues means the funds, if any, available for payment of subordinated indebtedness pursuant to paragraph (F) of Section 5.02 of the Senior Trust Agreement.

Related to Subordinated Trust Agreement

  • Trust Agreement means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the applicable provisions hereof, including all exhibits hereto, including, for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Trust Agreement and any such modification, amendment or supplement, respectively.

  • Trust Agreements shall have the meanings ascribed to them in the introductory paragraph of the Authorized Participant Agreement.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Subordination Agreement means any subordination or intercreditor agreement(s) entered into with respect to any subordinate financing related to the Project, as the same may be amended, supplemented or restated.

  • Master Funding Agreement means the Master Funding Agreement entered into by the Company and the Secretary of State on 31st October 2013;

  • Trustee Agreement means the trustee agreement entered into on or before the Issue Date, between the Issuer and the Trustee, or any replacement trustee agreement entered into after the Issue Date between the Issuer and a trustee, regarding, inter alia, the remuneration payable to the Trustee or a replacement trustee.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.