Subsidiary Notes definition

Subsidiary Notes means promissory notes of the Partnership, a trust all of the units of which, or a corporation all of the shares of which, are owned directly or indirectly by the Trust or another entity that would be consolidated with the Trust under GAAP, having a maturity date and interest rate, as applicable, determined by the Trustees at the time of issuance.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Subsidiary Notes means promissory notes of the Partnership, a trust all of the units of which, or a corporation all of the shares of which, are owned directly or indirectly by the REIT or another entity that would be consolidated with the REIT under GAAP, having a maturity date, determined at the time of issuance, of not more than five years, bearing interest at a market rate determined by the Trustees at the time of issuance.

Subsidiary Notes means promissory notes of a Subsidiary Entity having a maturity date, determined at the time of issuance, of not more than five years, bearing interest at a market rate determined by the Trustees at the time of issuance;

Examples of Subsidiary Notes in a sentence

At any time after the date hereof, if any Person constituting a Specified RCF Guarantor provides a Subsidiary Notes Guarantee or otherwise becomes obligated to the Subordinated Parties in respect of the Subordinated Obligations, such Person shall, concurrent with the provision of such Subsidiary Notes Guarantee or otherwise incurring such obligations, execute and deliver a joinder to this Agreement in substantially the form attached as Exhibit A hereto.
Contemporaneously with the execution and delivery hereof, each Pledgor is delivering its Subsidiary Notes and certificates representing its Subsidiary Shares in pledge hereunder.
In consideration for the respective Interests, at the Closing, Sub 1 hereby agrees to deliver to TCI K-1 a promissory note, substantially in the form of Exhibit A attached hereto (the "Sub 1 Note"), in the original principal amount of $________, and Sub 2 hereby agrees to deliver to UA K-1 a promissory note, substantially in the form of Exhibit A attached hereto (the "Sub 2 Note" and, together with the Sub 1 Note, the "Subsidiary Notes"), in the original principal amount of $________.
Upon, and assuming the continuation of, compliance with Sections 4.01(a)(i), 4.01(a)(vii), 4.02, 4.03 and, if applicable, 2.06, the Trustee will have a valid and perfected security interest in the Instruments, marketable securities, Subsidiary Shares and Subsidiary Notes, to the extent the UCC and, in the case of marketable securities issued by the United States, Treasury regulations are applicable thereto.
As of the date hereof, none of the Collateral (other than the Subsidiary Notes and the residual interest certificates) is evidenced by any Instrument.

More Definitions of Subsidiary Notes

Subsidiary Notes means collectively, the (i) 8.500% Secured Debentures due November 15, 2031, issued under that certain indenture, dated as of June 1, 1940 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE Southwest Incorporated, as issuer, and NCNB Texas National Bank, as trustee, (ii) 6.750% Unsecured Debentures due May 15, 2027, issued under that certain indenture, dated as of December 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE California Incorporated, as issuer, and U.S. Bank Trust National Association, as successor trustee to Bank of America National Trust and Savings Association, (iii) 6.730% Unsecured Debentures due February 15, 2028, issued under that certain indenture, dated as of January 1, 1994 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE North Incorporated, as issuer, and The First National Bank of Chicago, as trustee, (iv) 6.860% Unsecured Debentures due February 1, 2028, issued under that certain indenture, dated as of November 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE Florida Incorporated, as issuer, and The Bank of New York, as successor trustee to NationsBank of Georgia, National Association, as trustee, and (v) 8.400% Unsecured Debentures due October 15, 2029, represented by the Debentures, dated as of October 25, 1989, and issued by The Chesapeake and Potomac Telephone Company of West Virginia pursuant to a Purchase Agreement dated October 1989 with the purchasers, in each case that are issued and outstanding on the Issue Date.

Subsidiary Notes means, whether or not outstanding, (a) the 8 1⁄4% Senior Notes due 2013, the 8 1⁄2% Senior Notes due 2015 (including any notes issued in exchange therefor), the 8 5⁄8% Senior Notes due 2013, the 8 7⁄8% Senior Notes due 2015 (including any notes issued in exchange therefor) and the 8 7⁄8% Senior Notes due 2015, Series B (including any notes issued in exchange therefor), in each case, of Intelsat Sub Holdco, (b) the 9 1⁄4% Senior Discount Notes due 2015 and the 9 1⁄2% Senior Discount Notes due 2015 (including any notes issued in exchange therefor), in each case, of Intermediate Holdco, and (c) the 6 7⁄8% Senior Secured Debentures due 2028, the 9% Senior Notes due 2014, the 9 1⁄4% Senior Notes due 2014 (including any notes issued in exchange therefor), the 9% Senior Notes due 2016, the 9 1⁄4% Senior Notes due 2016 (including any notes issued in exchange therefor), in each case, of Intelsat Corp, and the Intelsat Luxembourg Intercompany Loan.

Subsidiary Notes means collectively, the (i) 8.500% Secured Debentures due November 15, 2031, issued under that certain indenture, dated as of June 1, 1940 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE Southwest Incorporated, as issuer, and NCNB Texas National Bank, as trustee, (ii) 6.750% Unsecured Debentures due May 15, 2027, issued under that certain indenture, dated as of December 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE California Incorporated, as issuer, and U.S. Bank Trust National Association, as successor trustee to Bank of America National Trust and Savings Association, (iii) 6.730% Unsecured Debentures due February 15, 2028, issued under that certain indenture, dated as of January 1, 1994 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE North Incorporated, as issuer, and The First National Bank of Chicago, as trustee, (iv) 6.860% Unsecured Debentures due February 2, 2028, issued under that certain indenture, dated as of November 1, 1993 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) by and among GTE Florida Incorporated, as issuer, and The Bank of New York, as successor trustee to NationsBank of Georgia, National Association, as trustee, and (v) 8.400% Unsecured Debentures due October 15, 2029, represented by the Debentures, dated as of October 25, 1989, and issued by The Chesapeake and Potomac Telephone Company of West Virginia pursuant to a Purchase Agreement dated October 1989 with the purchasers, in each case that are issued and outstanding on the Issue Date.

Subsidiary Notes means (i) the notes listed in Schedule E hereto evidencing Intercompany Debt and (ii) any other promissory notes or “instruments” (as defined in Article 9 of the UCC) required to be pledged to the Trustee pursuant to Section 4.03(c).

Subsidiary Notes means the 12% Senior Secured General Obligation Notes, in the maximum aggregate principal amount of $4,000,000 issued by UNEXCO under the Subsidiary Note Agreement.

Subsidiary Notes means promissory notes of the Partnership, a trust all of the units of which, or a

Subsidiary Notes means the promissory notes of the Material Subsidiaries payable to one or more of the Borrowers, which evidence loans or advances by the Borrowers to such Material Subsidiaries, and the repayment thereof, which promissory notes are pledged by the Borrowers to the Banks.