Subordination Deed definition

Subordination Deed means any deed of subordination in the agreed form executed or, as the context may require, to be executed by either the Sponsor or a Shareholder or any of their respective Affiliates in favour of the Security Agent on behalf of the Finance Parties together with all deeds of accession entered into or to be entered into pursuant thereto. Subsidiary means, in relation to any company or corporation, a company or corporation:

Subordination Deed means a subordination deed in form and substance satisfactory to the Security Agent and providing for the subordination of the obligations specified therein to the Secured Obligations.

Subordination Deed means a document in the form set out in Schedule 8 (Form of Subordination Deed) duly completed and executed by the parties thereto.

Examples of Subordination Deed in a sentence

• Copies of the Trust Deed, the Agency Agreement and the Subordination Deed are available for inspection during normal business hours at the specified office for the time being of the Principal Paying and Transfer Agent.

• All redemptions in accordance with this Condition 5 shall be subject to the terms of the Subordination Deed, and in the event of a conflict between the terms of this Condition 5 and the Subordination Deed, the Subordination Deed will prevail.

• The Subordination Deed provides, amongst other things, that: (i) the Notes and the Guarantee are subordinated to the amounts owed to the Senior Finance Parties under the Senior Finance Documents; and (ii) that certain payments in respect of the Notes may only be made with the consent of the Senior Finance Parties.

• The Trust Deed contains provisions for convening meetings of Noteholders to consider any matter affecting their interests, including the sanctioning by Extraordinary Resolution of a modification of any of these Conditions or any provisions of the Trust Deed, the Subordination Deed and the Agency Agreement.

• By subscribing for, purchasing or otherwise acquiring any Notes, each Noteholder is deemed to have instructed and consented to the Trustee entering into the Subordination Deed on its behalf.

More Definitions of Subordination Deed

Subordination Deed means, for the purpose of any Continuing Document, the Intercreditor Agreement.

Subordination Deed has the meaning given to it in Clause 47.15 (Subordination);

Subordination Deed means a deed of subordination between the Facility Agent, the Borrower and Holdco dated on or about the Signing Date;

Subordination Deed means a deed dated April 2003 entered or (as the context may require) to be entered into between (inter alios) the Lessee, the Sub-Lessee, the Other Sub-Lessees, the Manager, Gotaas Xxxxxx, the Lessee Parent and the First Security Agent in the agreed form;

Subordination Deed means, in relation to each Borrower, any subordination deed more particularly described in Schedule 6 (Security Documents).

Subordination Deed means a deed of subordination to be entered into between any Relevant Person and the Security Trustee pursuant to the terms of this Agreement substantially in such form as may be agreed by the Security Trustee having regard to the applicable laws relating to the subordination of debt in the jurisdiction in which the relevant loan is payable;

Subordination Deed means a subordination deed entered into or to be entered into by each Subordinated Creditor and the Bank in such form as the Bank may agree or require in its sole discretion.