Senior Subordinated Securities definition

Senior Subordinated Securities means any Security or Securities designated pursuant to Section 3.01 as a Senior Subordinated Security.

Senior Subordinated Securities has the meaning set forth in Section 2. “Warrantholder” has the meaning set forth in Section 2.

Senior Subordinated Securities shall have the meaning set forth in the Recitals hereto.

Examples of Senior Subordinated Securities in a sentence

• Senior Subordinated Securities shall rank junior to the Company’s Senior Indebtedness, equally and pari passu with all other Senior Subordinated Indebtedness and senior to any Junior Subordinated Indebtedness.

• The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Senior Subordinated Securities by his acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on each and all of the Senior Subordinated Securities is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness.

• The Senior Subordinated Securities are issuable only in registered form without coupons in minimum denominations of $1,000.00 and integral multiples of $1,000.00 in excess thereof.

• Interest payable on the Maturity Date of the Senior Subordinated Securities will be paid to the registered Holder to whom the principal is payable upon presentation and surrender for cancellation.

• The Securities may be issued in one or more series and shall be designated as Senior Securities, Senior Subordinated Securities or Junior Subordinated Securities.

More Definitions of Senior Subordinated Securities

Senior Subordinated Securities means the securities, and any series thereof, issued under the Senior Subordinated Securities Indenture.

Senior Subordinated Securities means the 91/2% senior subordinated notes of the Issuer due 2017, including any additional Senior Subordinated Securities issued under the indenture governing the Senior Subordinated Securities.

Senior Subordinated Securities means the Company's Senior Subordinated Securities issued pursuant to the Securities Purchase Agreement in partial payment of the Company's obligations under the Purchase Agreement.

Senior Subordinated Securities has the meaning set forth in the recitals to this “Subsidiary” means, with respect to any person, any bank, corporation, partnership, joint venture, limited liability company or other organization, whether incorporated or unincorporated, (i) of which such person or a subsidiary of such person is a general partner or managing member or (ii) at least a majority of the securities or other interests of which having by their terms ordinary voting power to elect a majority of the board of directors or persons performing similar functions with respect to such entity is directly or indirectly owned by such person and/or one or more subsidiaries thereof.

Senior Subordinated Securities shall have the meaning set forth in the second paragraph of the preamble.

Senior Subordinated Securities means the 8 1/2% senior subordinated notes due 2014. The term "Senior Subordinated Notes" shall have a similar meaning.

Senior Subordinated Securities means the e285,000,000 and US$250,000,000 8.25 per cent. Senior Subordinated Notes due 2013 of eircom Funding.