Subordinated Indentures Sample Clauses

Subordinated Indentures. The Obligations constitute “Senior Debt” (or, in the case of Subordinated Indentures entered into after the Closing Date, if any, “Senior Debt” or other comparable term) as defined in the Subordinated Indentures.
Sample 1Sample 2
AutoNDA by SimpleDocs
Subordinated Indentures. If (i) any Event of Default (as defined in the Current Indenture) shall occur under the Current Indenture, or an event of default shall occur under any agreement evidencing any other Subordinated Indebtedness permitted under Section 7.1(f), (ii) this Agreement shall fail to constitute the “Credit Agreement” or the Indebtedness under this Agreement shall fail to constitute “Senior Debt” and “Designated Senior Debt” (or terms similar thereto) under, and as defined in, the Current Indenture or under any other agreement evidencing any other Subordinated Indebtedness permitted under Section 7.1(f), or (iii) if any Indebtedness other than the Indebtedness under this Agreement is designated as “Designated Senior Debt” (or a term similar thereto) under, and as defined in, the Current Indenture or under any other agreement evidencing any other Subordinated Indebtedness permitted under Section 7.1(f).
Sample 1
Subordinated Indentures. If (i) any event of default shall occur under any agreement evidencing any Subordinated Indebtedness permitted under Section 7.1(f), (ii) this Agreement shall fail to constitute the “Credit Agreement” or the Indebtedness under this Agreement shall fail to constitute “Senior Debt” and “Designated Senior Debt” (or terms similar thereto) under, and as defined in, any agreement evidencing any Subordinated Indebtedness permitted under Section 7.1(f), or (iii) if any Indebtedness other than the Indebtedness under this Agreement is designated as “Designated Senior Debt” (or a term similar thereto) under any other agreement evidencing any other Subordinated Indebtedness permitted under Section 7.1(f).
Sample 1
Subordinated Indentures. Not Creating Potential Conflicting Interests for the Trustee. The following indentures are hereby specifically described for the purposes of Section 310(b)(1) of the Trust Indenture Act: this Subordinated Indenture with respect to the Subordinated Securities of any other series.
Sample 1
Subordinated Indentures. (i) The Borrowers are permitted under all documents, instruments and agreements evidencing Subordinated Indebtedness to incur and permit to remain outstanding the Term Loans. The Borrowers are permitted under all documents, instruments and agreements evidencing Subordinated Indebtedness to borrow and re-borrow Revolving Loans.
Sample 1

Related to Subordinated Indentures

  • 4 Indenture 4 interest.......................................... 4

  • Reference in Notes to Supplemental Indentures Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article IX may, and if required by the Indenture Trustee shall, bear a notation in form approved by the Indenture Trustee as to any matter provided for in such supplemental indenture. If the Issuer or the Indenture Trustee shall so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the Issuer, to any such supplemental indenture may be prepared and executed by the Issuer and authenticated and delivered by the Indenture Trustee in exchange for Outstanding Notes.

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • SUPPLEMENTAL INDENTURES SECTION 901.

  • Limitation on Senior Subordinated Indebtedness The Company will not Incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Securities. No Guarantor will Incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of such Guarantor and senior in right of payment to such Guarantor’s Subsidiary Guarantee.

  • Reference in Debt Securities to Supplemental Indentures Debt Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Debt Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Debt Securities of such series.

  • Indenture This INDENTURE (this “Indenture”) is entered into as of the Original Issue Date by and between the Principal Life Income Fundings Trust specified in the Omnibus Instrument (the “Trust”) and Citibank, N.A., as indenture trustee (the “Indenture Trustee”). Citibank, N.A., in its capacity as indenture trustee, hereby accepts its role as Registrar, Paying Agent, Transfer Agent and Calculation Agent hereunder. References herein to “Indenture Trustee,” “Registrar,” “Transfer Agent,” “Paying Agent” or “Calculation Agent” shall include the permitted successors and assigns of any such entity from time to time.

  • Subordinated Indebtedness The Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness.

  • Notation on Securities in Respect of Supplemental Indentures Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter provided for by such supplemental indenture or as to any action taken by Securityholders. If the Issuer or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding.

  • SUBORDINATION OF SUBSIDIARY GUARANTEES The Guarantee of each Guarantor shall be subordinated to the prior payment in full of all Senior Debt of that Guarantor (in the same manner and to the same extent that the Notes are subordinated to Senior Debt), which shall include all guarantees of Senior Debt

Time is Money Join Law Insider Premium to draft better contracts faster.