Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.
Subordinated Loans means new capital raised by the Issuer by way of subordinated loans pursuant to the Intercreditor Agreement, with (i) shall have a maturity after the Final Redemption Date, including the optional extension period (ii) be contractually subordinated to the Bonds and (iii) include terms that entail that the Subordinated Loans are structured as bullet loans and that interest is only payable after the Final Redemption Date (as extended).
Subordinated Loans means any shareholder loan made to the Issuer as debtor, if such loan:
Examples of Subordinated Loans in a sentence
Seller will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.
More Definitions of Subordinated Loans
Subordinated Loans means the loans and other financial accommodations made by Subordinated Lender pursuant to the Subordinated Loan Documents.
Subordinated Loans means any loan made to the Issuer, if such loan:
Subordinated Loans any Indebtedness that is subordinated to the payment in full of the Obligations on terms and conditions satisfactory to the Administrative Agent.
Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to the Subordination Agreement), is subordinated to the obligations of the Issuer under the Terms and Conditions and the Bonds, (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Maturity Date, and (iii) according to its terms yield only payment-in-kind interest.
Subordinated Loans means any loan incurred by the Issuer or US HoldCo, where the Issuer or US HoldCo is the debtor, if such loan (a) according to its terms and pursuant to a subordination agreement on terms and conditions satisfactory to the Agent, is subordinated to the obligations of the Issuer under the Terms and Conditions, (b) according to its terms has a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Maturity Date, and (c) according to its terms yield only payment-in-kind interest.
Subordinated Loans means new capital to be raised by the Issuer by way of subordinated loans, with maturity after the Final Maturity Date including the optional extension period. The Subordinated Loans shall be subordinated to the Bonds, and include terms that entail that the Subordinated Loans are structured as bullet loans and that interest is only payable after the Final Maturity Date. The Issuer shall be obligated not to service or otherwise redeem the Subordinated Loans during the term of the Bond issue.