Holdings Subordinated Debt definition

Holdings Subordinated Debt means Subordinated Debt owing by the Borrower or any Borrower Subsidiary to Holdings and having no scheduled payments of principal (whether a scheduled amortization payment, at maturity or otherwise) due at any time prior to the date that is six months after the Termination Date.
Holdings Subordinated Debt means all indebtedness represented by the Holdings Subordinated Notes.
Holdings Subordinated Debt means the $50 million (plus capitalized interest thereon) of non-cash interest paying structurally subordinated debt of Holdings evidenced by the First Seller Note and the Second Seller Note and issued to refinance certain pre-existing intercompany indebtedness of the Company and its Subsidiaries.

Examples of Holdings Subordinated Debt in a sentence

  • The subordination provisions of the documents and instruments evidencing the Senior Subordinated Notes, the Deferred Limited Interest Guaranty, the MCIT Turnover Agreement, the Holdings Turnover Agreement, the Jordan Management Agreement, any Permitted Subordinated Indebtedness, Holdings Subordinated Debt or any other Permitted Holdings Indebtedness shall, at any time, be invalidated or otherwise cease to be in full force and effect.

  • The subordination provisions contained in the Senior Subordinated Notes, the Holdings Subordinated Debt, the Holdings Notes and the Junior Subordinated Notes are enforceable against the Restricted Parties party thereto and the holders thereof, and all Obligations and Guaranteed Obligations are within the definition of "Senior Indebtedness" or "Guarantor Senior Indebtedness," as the case may be, included in such subordination provisions.

  • The subordination provisions contained in the Holdings Subordinated Debt, the Holdings Notes and the Junior Subordinated Notes are enforceable against the Credit Parties party thereto.

  • There is no fact known to Borrower or which reasonably should be known to Borrower which Borrower has not disclosed to Agent in writing with respect to the transactions contemplated by the Seller Note, the Holdings Subordinated Debt, the stock purchase agreements between Holdings and Pewter Hill Partners, LLC and between Holdings and Wire Mill Partners III, LLC, or this Agreement, which could reasonably be expected to have a Material Adverse Effect.


More Definitions of Holdings Subordinated Debt

Holdings Subordinated Debt means debt securities of Holdings (a) that are subordinated to the Obligations on terms reasonably acceptable to the Administrative Agent, (b) the terms of which do not provide for any maturity, amortization, sinking fund payment, mandatory redemption, other required repayment or repurchase of, or cash interest or other similar payment with respect to, such debt securities, in each case prior to the Term Maturity Date (or, if the Transition Date has occurred, the Revolving Maturity Date), (c) that have other terms (including covenants and events of default) reasonably satisfactory to the Required Lenders and (d) that are issued to Persons included in the CH Group in
Holdings Subordinated Debt means the Debt of Holdings evidenced by -------------------------- the Holdings Subordinated Guaranty and any and all other current or future Debt of Holdings which is subordinated to all or any portion of the obligations of Holdings under the Holdings Guaranty or the other Loan Documents.
Holdings Subordinated Debt means (a) the Convertible Subordinated Promissory Note of Holdings issued as of December 31, 1993 to the SCP Seller in the original principal amount of $125,000; and (b) the Orcal Notes, $1,766,667.00 of which is outstanding as of May 30, 1996.
Holdings Subordinated Debt means (a) the Convertible Subordinated Promissory Note of Holdings issued as of December 31, 1993 to the SCP Seller in the original principal amount of $125,000; and (b) the Orcal Notes, $883,333.34 of which is outstanding as of September 30, 1997.
Holdings Subordinated Debt means, collectively, the Indebtedness owed by Holdings pursuant to (i) the promissory note, dated May 20, 2004, by Holdings, in favor of SWT, LLC, in the principal amount of $5,000,000, (ii) the promissory note, dated September __, 2004, by Holdings, in favor of St. Cloud, in the principal amount of $2,000,000, and (iii) the promissory note, dated September 17, 2004, by Holdings, in favor of Strome, in the principal amount of $1,200,000.
Holdings Subordinated Debt as defined in subsection 6.1(c)(ii).
Holdings Subordinated Debt as defined in the recitals to this Agreement.