Subordinate Interests definition

Subordinate Interests. The Interest corresponding to the Subordinate Certificates.

Subordinate Interests means the rights of the Borrower and the Equity Holder in and to the Collateral.

Subordinate Interests. The Class A-2 Subordinate Interests, the Class B Subordinate Interests, the Class C Subordinate Interests, the Class D Subordinate Interests, the Class E Subordinate Interests, the Class F Subordinate Interests, the Class G Subordinate Interests, the Class H Subordinate Interests, the Class J Subordinate Interests and/or the Class K Subordinate Interests, as the context may require.

Examples of Subordinate Interests in a sentence

• If any Event of Default has not been cured or waived and acceleration occurs in accordance with Article 5, including as a result of an Event of Default specified in Section 5.1(f) or 5.1(g), the Class A-1 Notes shall be paid in full before any further payment or distribution is made on account of the Class A-2 Subordinate Interests.

• If any Event of Default has not been cured or waived and acceleration occurs in accordance with Section 5, including as a result of an Event of Default specified in Section 5.1(f) or (g), all amounts payable to the Hedge Counterparty pursuant to Sections 11.1(a)(i)(4) and 11.1(a)(ii)(1) shall be paid in Cash or, to the extent the Hedge Counterparty consents, other than in Cash, before any further payment or distribution is made on account of the Subordinate Interests.

• Nothing in this Section 2.13 shall affect the obligation of the Issuer to pay Holders of Subordinate Interests.

• If any Event of Default (including an Event of Default specified in Section 5.1(g) or (h)) has occurred and has not been cured or waived all amounts payable to the Initial Hedge Counterparty pursuant to Section 11.1(a)(3) shall be paid in Cash or, to the extent the Initial Hedge Counterparty consents, other than in Cash, before any further payment or distribution is made on account of the Subordinate Interests.

• The Borrower and Holdings each agrees with the Noteholder that neither the Borrower nor Holdings shall demand, accept, or receive any payment or distribution in respect of such Subordinate Interests in violation of the provisions of this Note, including Section 9.7 or this Section 13.17.

More Definitions of Subordinate Interests

Subordinate Interests. The rights of the Issuer and the Equity Owner in and to the Collateral.

Subordinate Interests. The Class I-B Interest.

Subordinate Interests has the meaning specified in Section 13.1(a), (b), (c), (d) or (e), as applicable.

Subordinate Interests has the meaning specified in Section 13.1(a), (b), (c), (d), (e) or (f), as applicable.

Subordinate Interests. The meaning specified in Section 12.1.

Subordinate Interests means, collectively, REMIC I Regular Interest B, REMIC I Regular Interest C, REMIC I Regular Interest D, REMIC I Regular Interest E, REMIC I Regular Interest F, REMIC I Regular Interest G, REMIC I Regular Interest H, REMIC I Regular Interest J, REMIC I Regular Interest K, REMIC I Regular Interest L, REMIC I Regular Interest M, REMIC I Regular Interest N and REMIC I Regular Interest O.

Subordinate Interests. The meaning specified in Section 3.1 of the Intercreditor Agreement.