Subordinate Interest definition

Subordinate Interest means, for any Payment Date and any Loan, any Interest payable in respect of such Loan as a result of the application of the Step-Up Margin on such Payment Date.

Subordinate Interest. Any Junior Interest, Mezzanine Loan or Mezzanine Participation Interest.

Subordinate Interest means any interest in or right over the building or structure in question (whether granted by the relevant person or by somebody else);

Examples of Subordinate Interest in a sentence

• For purposes of calculating the accrual of interest with respect to each Subordinate Interest and any Interest Accrual Period, the related Q-REMIC Interest Balance will be deemed to adjust at the beginning of such Interest Accrual Period.

• No Person acquiring a beneficial ownership interest in any Q-REMIC Interests will be entitled to receive a physical certificate representing such ownership interest; provided, however, that at the option of the holder of any Subordinate Interest, such Subordinate Interest may be evidenced by a note in physical form.

• Gateway records the government securities held in the Senior Lien, Stadium Revenue and Subordinate Interest and Bond Funds at their fair value.

• The Authority hereby directs the Trustee to transfer to the Escrow Agent $[000,000,000.00] of the proceeds of the Series 2019D Bonds and $[0,000,000.00] from the Series 2013A Subordinate Bonds Interest Subaccount in the Subordinate Interest Account, for deposit into the Series 2019D Escrow Account.

• Upon any disposition of any of the Collateral by Secured Party, the Subordinating Creditor agrees, if requested by Secured Party, to promptly execute and deliver any and all releases or other documents or agreements which Secured Party reasonably deems necessary to accomplish a disposition thereof free of the Subordinate Interest.

More Definitions of Subordinate Interest

Subordinate Interest. The meaning specified in Section 13.1 hereof.

Subordinate Interest means a junior or residual interest in a trust that holds tax-exempt mortgage bonds or a junior class of tax-exempt mortgage bonds.

Subordinate Interest means any interest in or right over the building in question (whether granted by the former owner or by somebody else);

Subordinate Interest. As to any Q-REMIC, each Q-REMIC Interest designated as such in the related Issue Supplement.

Subordinate Interest means an interest in or right over the related agricultural land, whether granted by the former owner or anyone else.

Subordinate Interest. The Class BI Interest.

Subordinate Interest means an equity interest in a program issued to a person, without payment of full consideration, after the attainment of certain specified performance by the program.