Subordinated Debts definition

Subordinated Debts means liabilities in respect of the items listed in subparagraphs (a) to (d) of Regulation 87(1) of the 2015 Regulations (including, without limitation, claims in respect of obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 instruments), which are subordinated in the manner set out in section 1428A(1)(d) of the Companies Act;
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Subordinated Debts has the meaning specified in Section 12.02(a)(i).
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Subordinated Debts means liabilities in respect of debt instruments falling within section 33O(2)(i) of the Business of Credit Institutions Law and all liabilities which rank junior thereto (including, without limitation, liabilities in respect of obligations of the Issuer which fall within section 33O(2)(j) (Tier 2 Instruments) and section 33O(2)(k) (Additional Tier 1 Instruments) of the Business of Credit Institutions Law);
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Examples of Subordinated Debts in a sentence

  • During the period beginning on the date hereof and ending on the date on which the Senior Obligations shall have been satisfied and performed in full, Guarantor shall not, and shall cause its subsidiaries not to, seek to realize on any collateral, or commence or join in any proceeding for the collection of the Subordinated Debts, including any bankruptcy, insolvency or receivership proceeding, without the prior written consent of the Lender.

  • If Subordinate Creditor receives any payments whatsoever on account of the Subordinated Debts in violation of this Subordination Agreement, Subordinate Creditor shall receive and hold such payments in trust for the benefit and as the property of Senior Creditor and shall immediately deliver all such payments to Senior Creditor.

  • Accordingly, until the Senior Obligations shall have been paid in full, the Borrower shall not make, and Guarantor shall not, and shall cause its subsidiaries not to, demand or accept, any payment of principal or interest on account of, or transfer any collateral for any part of, the Subordinated Debts.

  • Tangible Net Worth is Net Worth plus Subordinated Debts minus Intangible Assets including Restricted Cash.

  • Until the Borrower has fully repaid and performed to or for the benefit of the Lender all Senior Obligations, any and all Subordinated Debts and all liens and encumbrances securing the same are fully subordinated to the full repayment of the Senior Obligations and the discharge of all liens and encumbrances in favor of the Lender now or hereafter securing the Senior Obligations.

  • No right of any holder of Senior Debt to enforce the subordination of the Subordinated Debts shall be impaired by any act or failure to act by any Obligor or by its failure to comply with these provisions.

  • The Debentures authorized to be issued hereunder shall be limited to no more than $10,000,000 aggregate principal amount and shall be designated as “8,00% Convertible Unsecured Subordinated Debts due [June 30, 2020]”.

  • All debts and obligations, whether now or hereafter owing, of the Borrower to any Guarantor or any subsidiary of any Guarantor, as the same may be modified or renewed, including all interest thereon, and charges and other expenses and fees advanced or incurred by or for such Guarantor in connection therewith are referred to herein as the "Subordinated Debts".

  • Under no circumstances will any Subordinated Creditor, directly or indirectly, take any action to demand, xxx for, accelerate, set-off against, or otherwise seek to enforce against any of the Obligors any of its collection rights in respect of the Subordinated Debts, or ask, demand, take or receive any collateral, mortgages or other security from any of the Obligors in respect of the Subordinated Obligations.

  • The Lender agrees that no other Lender of the Convertible Subordinated Debts, nor the controlling persons, officers, directors, partners, agents, stockholders or employees of any other Lender of the Convertible Subordinated Debts, will be liable for any action heretofore or hereafter taken or not taken by any of them in connection with the purchase and sale of the Securities.


More Definitions of Subordinated Debts

Subordinated Debts means the amount of the financing received which, for the purposes of priority payment, is below the common debts. This category also includes financial instruments issued by us that, although they constitute actions for legal purposes, do not meet the requirements for classification as shares.
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Subordinated Debts is amended to read as follows:
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Related to Subordinated Debts

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Secured Debts shall refer to any and all direct or indirect losses and loss of projectable benefits as may be suffered by the Pledgee as a result of any Event of Default (as defined below) of the Pledgor and/or the Domestic Company; and all costs as may be incurred by the Pledgee in connection with its enforcement of the performance of the Contractual Obligations by the Pledgor and/or the Domestic Company and the costs of realization of the Pledge.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated in right to the Loan Obligations.

  • Subordinated means, as applied to Indebtedness, Indebtedness that shall have been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Lenders) in favor of the prior payment in full of the Obligations.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Subordinated Documents means the Subordinated Note and any and all other documents, agreements, writings or instruments executed in connection therewith or pursuant thereto, in each case, as in effect on the date hereof and as amended, modified, restated or Refinanced in accordance with the terms hereof.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Subordinated Liabilities means liabilities subordinated to Borrower’s obligations to Lender in a manner acceptable to Lender in its sole discretion.

  • Senior Subordinated Debt means the Indebtedness represented by the Senior Subordinated Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Subordinated Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).

  • Junior Debt Documents means, collectively, any loan agreements, indentures, note purchase agreements, promissory notes, guarantees and other instruments and agreements evidencing the terms of any Junior Indebtedness.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • Senior Debt Documents means (a) the Credit Agreement Loan Documents and (b) any Additional Senior Debt Documents.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Secured Debt Agreements means and include this Agreement, the other Credit Documents and the Interest Rate Protection Agreements and Other Hedging Agreements.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter incurred) that is subordinated or junior in right of payment to the Notes pursuant to a written agreement.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.

  • Secured Debt Documents means the Parity Lien Documents and the Priority Lien Documents.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.