Senior Subordinated Debentures definition

Senior Subordinated Debentures means the ___% Senior Subordinated Debentures due 200_(3) in the aggregate original principal amount of at least $475,000,000 issued by Allied U.S. pursuant to the Indenture.

Senior Subordinated Debentures means Flagstar Corporation's 11.25% Senior Subordinated Debentures due 2004 and 11 3/8% Senior Subordinated Debentures due 2003.

Senior Subordinated Debentures means the two Debentures, each dated May 25, 1994 and each in the original principal amount of Four Million Dollars ($4,000,000), issued to, respectively, Banc One Capital Partners Corporation and PNC Capital Corp.

Examples of Senior Subordinated Debentures in a sentence

• Signatures on this Proxy need not be guaranteed if this Proxy is for Senior Subordinated Debentures held for the account of an Eligible Guarantor Institution.

• If the Senior Subordinated Debentures to which this proxy relates are held of record by two or more joint holders on the Record Date, all such holders must sign this proxy.

• If Senior Subordinated Debentures owned by the record holder on the Record Date are registered in different names, separate proxies must be executed covering each form of registration.

• As of the date of this Agreement, the Company and the holders of the Company's issue of 7.50% Senior Subordinated Debentures due 2005 and Series A 6.0% Cumulative Preferred Stock (together, the "Securities") are completing transactions whereby the Securities are being repurchased by the Company for cash (the "Refinancing Transaction").

• Until this Regulation S Temporary Global Debenture is exchanged for one or more Regulation S Permanent Global Debentures, the Holder hereof shall not be entitled to receive payments of interest hereon; until so exchanged in full, this Regulation S Temporary Global Debenture shall in all other respects be entitled to the same benefits as other Senior Subordinated Debentures under the Indenture.

More Definitions of Senior Subordinated Debentures

Senior Subordinated Debentures means the 8 5/8% Senior Subordinated Debentures due 2004 of the Company issued pursuant to the Indenture dated as of March 16, 1989, between the Company and MTrust Corp., National Association, as trustee, as amended.

Senior Subordinated Debentures shall have the meaning specified in Section 1A.

Senior Subordinated Debentures means, debentures issued by the BORROWER which: (a) are in an aggregate face amount not exceeding One Hundred Fifty Million DOLLARS ($150,000,000.00); (b) have a maturity date no earlier than March 1, 2006; (c) require payments of interest only until their maturity; (d) are subordinate in right of payment to the OBLIGATIONS; (e) do not give the holder of such debentures any right to require the BORROWER to repurchase the debentures except in the case of a "Change of Control" (as that term is defined in the Indenture dated as of July 15, 1993 between the BORROWER and the trustee thereunder) or on the "Distribution Date" (as that term is defined in the Indenture dated as of May 1, 1986 between the BORROWER and the trustee thereunder); and (f) are evidenced by, and are issued pursuant to, documents which do not contain covenants any more restrictive than the covenants contained in this CREDIT AGREEMENT.

Senior Subordinated Debentures means the First Priority Subordinated Debentures and the Second Priority Subordinated Debentures. "SIGNIFICANT SUBSIDIARY" means with respect to any Person or Persons, a subsidiary of such Person or Persons which would be a Significant Subsidiary of such Person or Persons pursuant to the definition of Significant Subsidiary under Rule 1-02(v) of Regulation S-X promulgated under the Securities Act (17 C.F.R. Section 210.1-02(b)), if such Person or Persons were deemed to be the registrant thereunder. "SPECIFIED EVENT DEFAULT" is defined in Section 7.3. "SUBSIDIARY" means, as to any Person, any corporation, association or other business entity in which such Person or one or more of its Subsidiaries or such Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons performing similar functions) of such entity, and any partnership or joint venture if more than a 50% interest in the profits or capital thereof is owned by such Person or one or more of its Subsidiaries or such Person and one or more of its Subsidiaries (unless such partnership can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries.

Senior Subordinated Debentures means Southland's 5% First Priority Senior Subordinated Debentures due December 15, 2003, Southland's 4.5% Second Priority Senior Subordinated Debentures (Series A) due June 15, 2004, and Southland's 4% Second Priority Senior Subordinated Debentures (Series B) due June 15, 2004, and Southland's 12% Second Priority Senior Subordinated Debentures (Series C) due June 15, 2009.

Senior Subordinated Debentures shall have the meaning set forth in the Securities Purchase Agreement.

Senior Subordinated Debentures means Comdata's 13- 1/4% Senior Subordinated Debentures due 2002.