Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Mac, which are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.
Subordinated Debt Securities. Unsecured subordinated obligations of Xxxxxxx Mac ranking junior to any Senior Obligations (as defined in the applicable Supplemental Agreement) and with such other terms, including, but not limited to, terms relating to payment priority or payment suspension, limitation or deferral (if any), as are set forth in the applicable Supplemental Agreement.
Subordinated Debt Securities. The occurrence and continuation of any Event of Default under and as defined in the Subordinated Indenture; or
Subordinated Debt Securities authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article Eleven or after any action taken at a meeting of holders of Subordinated Debt Securities pursuant to Article Ten, may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture or as to any such action. New Subordinated Debt Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture or reflecting such action may be prepared by the Company, and such Subordinated Debt Securities may be authenticated by the Trustee and delivered in exchange for the Subordinated Debt Securities then outstanding. ARTICLE TWELVE.
Subordinated Debt Securities. Recital 5
Subordinated Debt Securities. Payment of the principal of, premium, if any, and interest on subordinated debt securities will be subordinated and junior in right of payment to the prior payment in full of all of our senior debt. We will set forth in the applicable prospectus supplement relating to any subordinated debt securities the subordination terms of such securities as well as the aggregate amount of outstanding indebtedness, as of the most recent practicable date, that by its terms would be senior to the subordinated debt securities. We will also set forth in such prospectus supplement limitations, if any, on issuance of additional senior debt.
Subordinated Debt Securities. 12 "Subsidiary" ............................................ 12 "Subsidiary Bank" ....................................... 12 "Trust Indenture Act" or "TIA" .......................... 12 "Trustee" ............................................... 12 "Unregistered Security" ................................. 12 "Valuation Date" ........................................ 12 "Vice President" ........................................ 12 "Voting Shares" ......................................... 13 SECTION 1.02. Compliance Certificates and Opinions .................... 13 SECTION 1.03. Form of Documents Delivered to Trustee .................. 14 SECTION 1.04. Acts of Security Holders ................................ 15 SECTION 1.05. Notices, etc., to Trustee, Company and Guarantor ......................................... 16 SECTION 1.06. Notices to Holders; Waiver .............................. 16 SECTION 1.07. Conflict with Trust Indenture Act ....................... 17 SECTION 1.08. Effect of Headings and Table of Contents ................ 18 SECTION 1.09. Successors and Assigns .................................. 18
Subordinated Debt Securities. All right, title and interest of Seller in and to the subordinated debt securities listed on Schedule 2.02(e) attached hereto (collectively, the “Subordinated Debt Securities”), including but not limited to all rights of Seller under note purchase agreements or similar agreements or documents related to the Subordinated Debt Securities;
Subordinated Debt Securities. Seller is the sole owner of and has good and marketable title to each of the Subordinated Debt Securities, free and clear of all Liens. Except as set forth in the Seller Disclosure Schedule, each Subordinated Debt Security is a negotiable instrument, a certificated security, or an uncertificated security as those terms are defined in the Uniform Commerial Code as in effect in the State of Ohio.
Subordinated Debt Securities. 8 Subsidiary......................................................................................8
