Subordinated Debt Securities definition

Subordinated Debt Securities means the series of subordinated debt securities to be issued by the Parent.

Subordinated Debt Securities has the meaning set forth in the recitals of the Company herein and more particularly means any series of Subordinated Debt Securities issued, authenticated and delivered under this Subordinated Debt Securities Indenture.

Subordinated Debt Securities has the meaning set forth in the preamble hereto.

Examples of Subordinated Debt Securities in a sentence

• The rights and claims of the Holders of any series of Dated Subordinated Debt Securities are subordinated to Issuer Senior Creditors with respect to such Securities, or any other subordinated debt securities of the Issuer not expressed to rank equally with or junior to such Securities.

• The rights and claims of the Holders of any series of Perpetual Subordinated Capital Securities are subordinated to Issuer Senior Creditors with respect to such Securities, including claims of any Holders of Dated Subordinated Debt Securities, Perpetual Subordinated Debt Securities or any other subordinated debt securities of the Issuer not expressed to rank equally with or junior to the Perpetual Subordinated Capital Securities.

• In the event of the bankruptcy, winding up or liquidation of the Issuer, if the amounts payable with respect to the Dated Subordinated Debt Securities and any claims ranking pari passu with any such Securities are not paid in full, the Holders of any such Securities and holders of other claims ranking pari passu with any such Securities shall share ratably in any distribution of the assets of the Issuer in proportion to the respective amounts to which they are entitled.

• A notice or redemption relating to a series of Perpetual Subordinated Capital Securities or Perpetual Subordinated Debt Securities shall be irrevocable.

• The rights and claims of the Holders of any series of Perpetual Subordinated Debt Securities are subordinated to Issuer Senior Creditors with respect to such Securities, including claims of any Holders of Dated Subordinated Debt Securities or any other subordinated debt securities of the Issuer not expressed to rank equally with or junior to the Perpetual Subordinated Debt Securities.

More Definitions of Subordinated Debt Securities

Subordinated Debt Securities means any Debt Securities (and any guarantee of any Debt Security) that would constitute Subordinated Indebtedness.

Subordinated Debt Securities means the Subordinated Debt Securities to be issued by the Subordinated Debt Issuer and acquired by the Trust.

Subordinated Debt Securities means any Debt Securities that are subordinated as contemplated by paragraph (21) of the second paragraph of Section 2.03.

Subordinated Debt Securities has the meaning set forth in Section 13.03.

Subordinated Debt Securities means the ___% Subordinated Deferrable Interest Notes, Series __, due _________ to be issued by the Subordinated Debt Securities Issuer under the Indenture and to be held by the Property Trustee pursuant to Section 3.14. A specimen certificate for such series of Subordinated Debt Securities is attached hereto as Exhibit B.

Subordinated Debt Securities means any one of the 6 1/4% Convertible Subordinated Debentures due March 31, 2007, in an original aggregate principal amount of $140,000,000, issued by the Borrower pursuant to the Subordinated Indenture (of which original principal amount, $73,328,440.00 is outstanding as of the Closing Date), as such Subordinated Debt Securities may be supplemented, amended or otherwise modified from time to time.

Subordinated Debt Securities shall have the meaning assigned to it in the first paragraph of Article XII.