Affiliate Subordinated Indebtedness means Indebtedness to an Affiliate (i) for which a Borrower is directly and primarily liable, (ii) in respect of which none of its Subsidiaries is contingently or otherwise obligated, (iii) that is subordinated to the obligations of the Borrowers to pay principal of and interest on the Loans, Reimbursement Obligations, fees and other amounts payable hereunder and under the other Loan Documents pursuant to an Affiliate Subordinated Indebtedness Subordination Agreement, (iv) that does not mature prior to January 31, 2016, and that is issued pursuant to documentation containing terms (including interest, covenants and events of default) in form and substance satisfactory to the Majority Lenders, (v) that states by its terms that principal and interest in respect thereof shall only be payable to the extent permitted under Section 8.09 hereof and (vi) that is pledged by the respective holder thereof to the Administrative Agent in a manner that creates a first priority perfected security interest in favor of the Administrative Agent, as collateral security for the obligations of the Borrowers hereunder, pursuant to (in the case of Mediacom Broadband) the Guarantee and Pledge Agreement and (in the case of any other holder) a security document in form and substance satisfactory to the Administrative Agent.
Affiliate Subordinated Indebtedness means Indebtedness to an Affiliate (i) for which a Borrower is directly and primarily liable, (ii) in respect of which none of its Subsidiaries is contingently or otherwise obligated, (iii) that is subordinated to the obligations of the Borrowers to pay principal of and interest on the Loans, Reimbursement Obligations, fees and other amounts payable hereunder and under the other Loan Documents pursuant to an Affiliate Subordinated Indebtedness Subordination Agreement, (iv) that does not mature prior to the Latest Maturity Date, and that is issued pursuant to documentation containing terms (including interest, covenants and events of default) that are not less favorable to the Lenders than the Affiliate Subordinated Indebtedness outstanding on the Restatement Effective Date or that are otherwise in form and substance satisfactory to the Majority Lenders, (v) that states by its terms that principal and interest in respect thereof shall only be payable to the extent permitted under Section 8.09 and (vi) that is pledged by the respective holder thereof to the Administrative Agent in a manner that creates a first priority perfected security interest in favor of the Administrative Agent, as collateral security for the obligations of the Borrowers hereunder, pursuant to (in the case of Mediacom LLC) the Guarantee and Pledge Agreement and (in the case of any other holder) a security document in form and substance satisfactory to the Administrative Agent. The aggregate principal amount of Affiliate Subordinated Indebtedness outstanding on the Restatement Effective Date is $600,000,000 (excluding regularly accrued interest from August 15, 2013, that may, in accordance with the terms of such Affiliate Subordinated Indebtedness, increase the principal amount thereof).
Affiliate Subordinated Indebtedness means unsecured Indebtedness of the Borrower owing to any holder of Capital Stock of the Borrower, provided that such Indebtedness has substantially the terms specified in the form of Affiliate Subordinated Note attached as Exhibit D hereto (with such modifications as may be approved by the Administrative Agent in connection with the inclusion of Indebtedness of the Borrower incurred as “Senior Indebtedness” for the purposes of any such Affiliate Subordinated Note).
Examples of Affiliate Subordinated Indebtedness in a sentence
The Borrower shall (and shall cause each Borrower Party to) not amend or modify, or permit the amendment or modification of, any provision of any Permitted Affiliate Subordinated Indebtedness or any agreement relating thereto.
The findings were drawn from the respondents with different demographic backgrounds.
More Definitions of Affiliate Subordinated Indebtedness
Affiliate Subordinated Indebtedness means Indebtedness incurred by the Company pursuant to any arrangement with an Affiliate of the Company; provided, that such Indebtedness (1) is contractually subordinated in right of payment and in all other respects to the Notes and all other Secured Obligations in accordance with the Subordination Terms, including an agreement by the holders of such Indebtedness not to exercise any remedies until the Secured Obligations Termination Date, (2) does not provide for mandatory redemption or other redemption thereof until at least six months after final Stated Maturity of the Notes, (3) provides for payment of interest thereon in the form of cash or additional Affiliate Subordinated Indebtedness having a principal amount equal to the amount of interest due (i.e., "pay-in-kind"), and (4) is otherwise subordinated in accordance with the Subordination Terms.
Affiliate Subordinated Indebtedness means Indebtedness of any Subsidiary Guarantor to the Borrower or to any other Subsidiary Guarantor for borrowed money the obligations of such Subsidiary Guarantor in respect of which are subordinated to the obligations of such Subsidiary Guarantor hereunder pursuant to an Affiliate Subordination Agreement (or on other terms of subordination, and pursuant to documentation, reasonably satisfactory to the Majority Lenders).
Affiliate Subordinated Indebtedness means Indebtedness incurred by the Borrower pursuant to any arrangement with an Affiliate of the Borrower; provided, that such Indebtedness (a) is contractually subordinated in right of payment and in all other respects to the Revolving Loan Obligations and all other Secured Obligations on the terms described in Exhibit A, including an agreement by the holders of such Indebtedness not to exercise any remedies until the Secured Obligations Termination Date and is not secured other than by unperfected security interests, (b) does not provide for mandatory redemption or other redemption thereof until at least six months after final Stated Maturity of the Revolving Loans, (c) provides for payment of interest thereon in the form of cash or additional Affiliate Subordinated Indebtedness having a principal amount equal to the amount of interest due (i.e., pay-in-kind), and (d) is otherwise in the form set forth in Exhibit A.
Affiliate Subordinated Indebtedness means any borrowings by the Borrower from The Southern Company or an Affiliate of The Southern Company; provided that such borrowings are subordinated on terms substantially similar to the terms of subordination set forth in Exhibit 1.1 hereto.
Affiliate Subordinated Indebtedness means Indebtedness to an Affiliate ----------------------------------- (i) for which the Borrower is directly and primarily liable, (ii) in respect of which none of its Subsidiaries is contingently or otherwise obligated, (iii) that is subordinated to the obligations of the Borrower to pay principal of and interest on the Loans, Reimbursement Obligations, fees and other amounts payable hereunder pursuant to an Affiliate Subordinated Indebtedness Subordination Agreement, (iv) that does not mature prior to June 30, 2007, and that is issued pursuant to documentation containing terms (including interest, covenants and events of default) in form and substance satisfactory to the Majority Lenders and (v) that states by its terms that Credit Agreement ---------------- principal and interest in respect thereof shall only be payable to the extent permitted under Section 8.09 hereof.
Affiliate Subordinated Indebtedness means Subordinated Obligations of the Company or any Restricted Subsidiary issued to and held by a Person that is an Affiliate of the Company immediately prior to its incurrence that (a) has a stated maturity and provides for no payment of the principal of or cash interest or premium, if any, thereof, prior to six months after the Stated Maturity of the Securities and (b) is contractually subordinated and junior in right of payment to the prior payment in full in cash of all Obligations of the Company under the Securities and this Indenture pursuant to a subordination agreement substantially in the form of Exhibit 2 or otherwise as acceptable to the holders of a majority in principal amount of the Securities.
Affiliate Subordinated Indebtedness means Indebtedness to an Affiliate (i) for which a Borrower is directly and primarily liable, (ii) in respect of which none of its Subsidiaries is contingently or otherwise obligated, (iii) that is subordinated to the obligations of the Borrowers to pay principal of and interest on the Loans, Reimbursement Obligations, fees and other amounts payable hereunder and under the other Loan Documents pursuant to an Affiliate Subordinated Indebtedness Subordination Agreement, (iv) that does not mature prior to March 31, 2014, and that is issued pursuant to documentation containing terms (including interest, covenants and events of default) in form and substance satisfactory to the Majority Lenders, (v) that states by its terms that principal and interest in respect thereof shall only be payable to the extent permitted under Section 8.09 hereof and (vi) that is pledged by the respective holder thereof to the Administrative Agent in a manner that creates a first priority perfected security interest in favor of the Administrative Agent, as collateral security for the obligations of the Borrowers hereunder, pursuant to (in the case of Mediacom LLC) the Guarantee and Pledge Agreement and (in the case of any other holder) a security document in form and substance satisfactory to the Administrative Agent.