Subordinate means, with respect to an obligation (the “Subordinated Obligation”) and another obligation of the obligor thereon to which such obligation is being compared (the “Senior Obligation”), a contractual, trust or similar arrangement (without regard to the existence of preferred creditors arising by operation of law or to collateral, credit support, lien or other credit enhancement arrangements or provisions regarding the application of proceeds of any of the foregoing) providing that (i) upon the liquidation, dissolution, reorganization or winding up of the obligor, claims of the holders of the Senior Obligation will be satisfied prior to the claims of the holders of the Subordinated Obligation or (ii) the holders of the Subordinated Obligation will not be entitled to receive or retain payments in respect of their claims against the obligor at any time that the obligor is in payment arrears or is otherwise in default under the Senior Obligation.
Subordinate means (i) one or more but less than a quorum of the members of a board constituting
Subordinate means, after the adoption of a Supplemental Resolution to provide for the creation of a subordinate class of Bonds or Other Obligations that is subordinate to Senior Bonds and prior to Junior Subordinate Bonds, (1) when used with respect to a Bond, a Bond of a series designated as such pursuant to the Supplemental Resolution pursuant to which such series of Bonds is issued, (2) when used with respect to a Credit Enhancement Facility, a Credit Enhancement Facility designated as such pursuant to the Supplemental Resolution pursuant to which such Credit Enhancement Facility is obtained by the State, and (3) when used with respect to a Swap Agreement, a Swap Agreement designated as such pursuant to the Supplemental Resolution pursuant to which such Swap Agreement is obtained by the State.
Examples of Subordinate in a sentence
The total amount of this Subordinate Contract shall not exceed $100,000.
In appeal, this Court, HELD : The Subordinate Judge, Delhi was right in holding that the application under s.
Aggrieved by the judgment of the Subordinate Judge, First Class that respondent filed an appeal under s.
Xxxxxxx X., allowed the appeal and set aside the order of the Subordinate Judge, First Class and dismissed the application of the ’appellant on the ground that the Delhi court had no jurisdiction to entertain an application under s.
The Subordinate Judge Delhi, referred the disputes to the Arbitrator holding that the Delhi Court had jurisdiction as the contract was concluded and signed at Delhi.
More Definitions of Subordinate
Subordinate means any individual who engages in the Regulated Practice under the Direct Supervision of a Professional Registrant.
Subordinate means another official or employee over whose activities an official or employee has direction, supervision, or control.
Subordinate means any individual who assists in the practice of geology by a registered professional geologist without assuming the responsible charge of the work.
Subordinate means (i) one or more but less than a quorum of the members of a board constituting an agency, (ii) one or more of its staff members or employees, or (iii) any other person or persons designated by the agency to act in its behalf.
Subordinate of a City officer or employee shall mean another City officer or employee that he or she has the power to hire, fire or discipline, or over whose activities he or she has the power to direct, supervise or control. Subordinates shall not include those who serve in positions that are classified as “exempt” or “unclassified” under the New York State Civil Service Law for purposes of the Ethics Code.
Subordinate means the same as defined in G.S. 89F-3(10).
Subordinate means a Staff member who reports in any capacity to the individual with whom he/she is involved in a Personal Relationship, including but not limited to as an employee or as a member of a committee where the romantic partner serves as Chair or in another leadership role.