Subordinated Notes Indenture Sample Clauses
A Subordinated Notes Indenture is a legal agreement that governs the issuance and terms of subordinated notes, which are debt instruments ranking below other debts in case of liquidation. This clause outlines the rights and obligations of both the issuer and the noteholders, including payment terms, interest rates, and the order of repayment relative to other creditors. By clearly establishing the subordinated status of the notes, the indenture helps manage risk allocation among creditors and ensures all parties understand the hierarchy of claims in the event of the issuer's insolvency.
Subordinated Notes Indenture. The Obligations are "Senior Debt" (as defined in the Subordinated Notes Indenture) and, therefore, the repayment of the Subordinated Notes is subordinated to the prior payment in full in cash of the Obligations to the extent and in the manner provided in Article 10 of the Subordinated Notes Indenture. The Indebtedness owing to the Lender Group under the Loan Documents is "Permitted Debt" (as defined in the Subordinated Notes Indenture). The defined term "Credit Facility" (as defined in the Subordinated Notes Indenture) includes the credit facility evidenced by this Agreement and the other Loan Documents.
Subordinated Notes Indenture. Unless and until the Subordinated Notes Indenture shall have been satisfied and discharged, if after giving effect to the making of the Loans and the use of proceeds thereof or the drawing of any Letter of Credit to be issued hereunder, the aggregate amount of Obligations would exceed the maximum amount of “Senior Credit Agreement” Indebtedness permitted to be incurred pursuant to Section 4.10(b)(3) of the Subordinated Notes Indenture, Borrower would be permitted to incur such Loans or the obligations in respect of such Letter of Credit drawing under Section 4.10(a) of the Subordinated Notes Indenture, and, upon request from the Administrative Agent, Borrower shall have delivered a certificate, signed by a Responsible Officer of Borrower, with calculations in reasonable detail demonstrating such compliance. Each borrowing by Borrower hereunder and the issuance of each Letter of Credit by the Issuing Lender hereunder shall constitute a representation and warranty by Borrower as of the date of such borrowing or issuance that the conditions in clauses (a), (b) and (c) and of this subsection 6.2 have been satisfied.
Subordinated Notes Indenture. Subject to any applicable periods of notice or grace, the Credit Parties shall comply with all of the covenants under the Subordinated Notes Indenture.
Subordinated Notes Indenture. The Obligations of the Loan Parties under the Loan Documents constitute "Designated Senior Debt" or "Senior Debt" (or any similar term) under, and as defined in, the Subordinated Notes Indenture.
Subordinated Notes Indenture. No Default or Event of Default (as defined in the Subordinated Notes Indenture) shall have occurred after giving effect to the extensions of credit requested to be made on such date.