Subordinated Interests definition

Subordinated Interests is defined in Section 7.

Subordinated Interests means those Interests of the Manager and certain other parties admitted by the Manager, in its sole discretion, which Interests are subordinate, as otherwise described in this Agreement, to the Preferred Interests held by the Preferred Members.

Subordinated Interests means a class of Mortgage Securities that is subordinated to one or more other classes of Mortgage Securities, all of which classes share the same collateral.

Examples of Subordinated Interests in a sentence

• Subordinated Interests in Loans or Pools of LoansThe definitions of recourse and direct credit substitute explicitly cover a banking organization’s ownership of subordinated interests in loans or pools of loans.

• Because Class 10 (Subordinated Claims and Subordinated Interests) is deemed not to have accepted the Plan, the Plan Debtors are seeking confirmation of the Plan as to such Class, and as to any other Class that votes to reject the Plan, pursuant to section 1129(b) of the Bankruptcy Code.

• The Subordinated Interests will not receive any Distribution of property from the estates under the Plan or through a Chapter 7 liquidation.

• Voting: Class 10 will not receive or retain any property on account of such Subordinated Claims and Subordinated Interests and is deemed to reject the Plan.

• Under the Plan, the Subordinated Interests are subordinated to all other Interests pursuant to the Bankruptcy Code and senior Classes of Claims are not being paid more than the full amount of their Claims.Based on the foregoing, the Plan Debtors believe that the Plan does not discriminate unfairly against, and is fair and equitable as to, each impaired Class under the Plan.

More Definitions of Subordinated Interests

Subordinated Interests means classes of MBS that are subordinated in right of payments of principal and interest to more senior classes.

Subordinated Interests means any Claim against any Debtor subject to

Subordinated Interests means any Claim against any Debtor subject to subordination pursuant to section 510 of the Bankruptcy Code that existed immediately before the Effective Date.

Subordinated Interests means a class of Mortgage-Backed Securities that is subordinated to one or more other classes of Mortgage-Backed Securities, all of which classes share the same collateral.

Subordinated Interests means rated and unrated interests in public and private commercial mortgage backed securities.

Subordinated Interests means the interests in the Owner Trust Estate designated as such and issued and delivered by the Issuer pursuant to Section 2.2.

Subordinated Interests shall have the meaning specified in the Indenture.