Examples of Junior Subordinated Obligations in a sentence
The obligations of the Issuer under the Notes in respect of principal, interest and other amounts, constitute direct, unconditional, unsecured Undated Junior Subordinated Obligations.
See Note 12 to the Consolidated Financial Statements in Item 8 of this Report for additional information on Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts.
Subordinated Notes not intended to qualify as Tier 2 Notes The Subordinated Notes not intended to qualify as Tier 2 Notes and the related Receipts and Coupons constitute unsecured and subordinated obligations of the Issuer and rank pari passu without any preference among themselves and with all other present and future subordinated and unsecured obligations of the Issuer (other than any Non-Tier 2 Junior Subordinated Obligations).
For purposes of this Article Three, except as otherwise expressly provided or unless the context otherwise requires: "CONSOLIDATED LEVERAGE RATIO" as of any date of determination means the ratio of (i) the total liabilities of the Company and its consolidated Subsidiaries, as determined in accordance with GAAP, excluding Junior Subordinated Obligations, to (ii) the Consolidated Net Worth of the Company.
No Junior Subordinated Claimholder may take any Enforcement Action with respect to the Junior Subordinated Obligations during any Standstill Period.
This Agreement shall continue in full force and effect until the earlier to occur of (a) the Discharge of the Junior Subordinated Obligations (so long as it has occurred on or prior to the Junior Subordinated Maturity Date) and (b) the Discharge of the Secured Obligations and shall thereafter be revived to the extent provided for in Section 5(e).
The Junior Lenders and the Junior Subordinated Lender have agreed expressly to subordinate its Junior Obligations and Junior Subordinated Obligations, respectively, and Junior Liens to the Senior Obligations and Senior Liens of the Senior Lender, respectively, and the Senior Lender has agreed to the continuation of the Junior Obligations, Junior Subordinated Obligations and Junior Liens by the Borrower, all upon the terms and provisions and subject to the conditions set forth in this Agreement.
Any unused balance in the construction contingency at the time of Conversion must be used to reduce the principal amount of the HOME Loan or the senior lender loan as appropriate.5. Construction Hard Cost Financing.
For the avoidance of doubt, the obligations of the Guarantor hereunder will be senior to any Existing Junior Subordinated Obligations and any liabilities which by their terms are subordinated to the obligations of the Guarantor under this guarantee.
Notwithstanding the failure to execute or deliver any such agreement described in this Section 7(b), the subordination effected hereby shall survive any sale, assignment, disposition or other transfer of all or any portion of the Junior Subordinated Obligations, and the terms of this Agreement shall be binding upon the successors and assigns of the Junior Subordinated Agent and each other Junior Subordinated Claimholder, as provided in Section 20 below.