Convertible Subordinated Debt Documents definition
Examples of Convertible Subordinated Debt Documents in a sentence
The subordination provisions with respect to the Convertible Subordinated Debt contained in the Convertible Subordinated Debt Documents are legal, valid and binding obligations of each Person a party thereto, and enforceable against such Person in accordance with their terms.
The Subordination and Intercreditor Agreement, Interpool Convertible Subordinated Debt Documents and all other documents, instruments and other agreements entered into in connection with Subordinated Debt, in each case, in form and substance reasonably satisfactory to the Administrative Agent.
The Indebtedness of the Borrower to Interpool in the original principal amount of $37,500,000, and evidenced by the Interpool Convertible Subordinated Debt Documents, which Indebtedness has been subordinated to the Obligations pursuant to the terms of the Subordination and Intercreditor Agreement.
No “Event of Default” (as defined in the Convertible Subordinated Debt Documents) has occurred and is continuing.
As of the Closing Date, the outstanding principal amount owing under the Convertible Subordinated Debt Documents is $70,000,000.