New Subordinated Note definition

New Subordinated Note or "New Subordinated Notes" as used herein shall include each note delivered pursuant to any provision of this Agreement and each note delivered in substitution or exchanged for any such note, in any case which is at the time outstanding.
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New Subordinated Note means the subordinated unsecured note issued by the Borrower on the Closing Date to Xxxxxxxx X. Xxxxx, Xx. (or an entity majority-owned and Controlled by Xxxxxxxx X. Xxxxx, Xx. or his heirs, beneficiaries, trusts or estate) in an aggregate principal amount of $10,000,000.
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New Subordinated Note set forth in Section 1.01 of the Financing Agreement is hereby amended by (A) deleting the “and” immediately preceding clause (b) and insert a comma in lieu thereof, and (B) adding immediately prior to the period at the end of such definition a new clause (c) which shall read as follows: “, and (c) the subordinated promissory note, dated April 11, 2005, made by the Parent to the Sponsor, in an aggregate principal amount of $1,853,526”
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Examples of New Subordinated Note in a sentence

  • Each Noteholder hereby severally covenants and agrees that it will not consent to any amendment of any participation agreement pursuant to which it grants a participation in any New Subordinated Note that will amend the provision thereof permitting such Noteholder to call or repurchase such participation or a call or repurchase price equal to 100% of the principal amount thereof.

  • Any fractional interest in a share of Common Stock resulting from conversion of a New Subordinated Note shall, subject to the provisions of Article IX, be paid in cash (computed to the nearest cent) based on the Current Market Price of the Common Stock on the Trading Day next preceding the day of conversion.

  • Ownership of a New Subordinated Note shall be proved by the register to be maintained pursuant to Section 11.3, and a New Subordinated Note shall be transferable only upon the surrender of such note for registration of transfer and subject to Section 3.2, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the Holder thereof or such Holder's attorney duly authorized in writing.

  • Subject to the preceding sentence, the Noteholders shall not be prohibited or limited in any respect from transferring any New Subordinated Note to or among Affiliates of the Noteholders or pledging any such Note to a commercial bank or other institutional lender or granting a participation in any such Note.

  • Interest on each New Subordinated Note will be payable on the last day of each Interest Period with respect to such note and at Maturity.

  • The Company will allow any Holder of a New Subordinated Note to inspect and copy such list at the Company's principal place of business during normal business hours.

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  • Upon surrender of any New Subordinated Note for registration of transfer, the Company will execute and deliver in exchange therefor a replacement New Subordinated Note, as the case may be, of the same tenor and registered as such Holder may request.

  • The Company may charge the Holder of any mutilated, lost, destroyed or wrongfully taken New Subordinated Note for expenses incurred by it in replacing such note.

  • Unless the shares issuable on conversion are to be issued in the same name as the name in which the surrendered New Subordinated Notes are registered, each New Subordinated Note surrendered for conversion shall be accompanied by instruments of transfer, in form satisfactory to the Company, duly executed by the Holder or its duly authorized attorney.


More Definitions of New Subordinated Note

New Subordinated Note means the Non-Negotiable Subordinated Unsecured Note Due May 30, 2009 dated December ___, 2004 issued by Borrower in favor of Xxxxxx in an aggregate original principal amount of $22,179,598.00, which, upon its execution and delivery, amends and restates the Subordinated Note." Annex A to the Credit Agreement is hereby further amended by amending and restating the following definitions in their entirety as follows:
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New Subordinated Note means each of (a) the subordinated promissory note, dated October 27, 2004, made by the Parent to RSTW, in an aggregate principal amount of $2,000,000 and (b) the subordinated promissory note, dated October 27, 2004, made by the Parent to the Sponsor, in an aggregate principal amount of $500,000.
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New Subordinated Note means the New Subordinated Note, --------------------- dated November 6, 1996, in the principal amount of $15,000,000 and made by Holdings to Terfin International Limited and which is stated to mature on December 31, 1996, as the same may be amended, supplemented, renewed, restated, refinanced or replaced or otherwise modified from time to time; provided that Indebtedness evidenced -------- thereby (i) shall not (A) exceed $20,000,000 in aggregate principal amount or (B) bear interest at an annual rate in excess of 13% and (ii) shall be on terms satisfactory to the Agent.
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New Subordinated Note means a note (an "INITIAL NOTE") in the form of EXHIBIT K hereto and any note issued in exchange for, or upon transfer of, any Initial Note (or any note so issued upon exchange or transfer), in each case in accordance with the terms of the Initial Notes or an indenture in the form of Exhibit A to the Initial Notes.
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Related to New Subordinated Note

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • Eligible Subordinated Debt means, at any time in respect of any issuer, each series of the issuer’s then-outstanding long-term indebtedness for money borrowed that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks subordinate to the issuer’s then outstanding series of indebtedness for money borrowed that ranks most senior, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding subordinated long-term indebtedness for money borrowed that satisfies the requirements in clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • Convertible Subordinated Notes means any convertible subordinated notes or debentures issued by the Borrower after the date hereof, which are subordinated to the Obligations on terms no less favorable to the Lenders, in any material respect, than the 4.75% Convertible Subordinated Notes Due 2016 (as those terms were in effect and applied to the 4.75% Convertible Subordinated Notes Due 2016 prior to the repayment thereof in full on June 15, 2016).

  • Senior Subordinated Note Indenture means the Indenture dated as of May 12, 2009, between the Company and U.S. Bank National Association, as trustee, in respect of the 2020 Senior Subordinated Notes and the 2023 Senior Subordinated Notes, as supplemented and amended from time to time.

  • Senior Subordinated Notes means the Company's 10 1/2% Senior Subordinated Notes due 2009 issued pursuant to the Senior Subordinated Notes Indenture.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Debt Security or "Debt Securities" has the meaning stated in the first recital of this Indenture.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Senior Subordinated Indenture means the Indenture dated as of October 15, 1997 between the Company and State Street Bank and Trust Company, as trustee, as from time to time amended, restated, supplemented or otherwise modified.

  • Subordinated Security or “Subordinated Securities” means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Additional Senior Debt Facility means each indenture or other governing agreement with respect to any Additional Senior Debt.

  • Senior Subordinated Notes Indenture means the Indenture, dated as of July 17, 2012, under which the Senior Subordinated Notes were issued, among the Borrower and the Restricted Subsidiaries party thereto and the trustee named therein from time to time, as in effect on the Closing Date and as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Secured Note means each promissory note with a related security interest evidenced by written agreement, pursuant to which the purchase of specified assets by an Obligor or End-User is financed for specified monthly, quarterly, semiannual or annual payments.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • Fifth Supplemental Indenture means the Fifth Supplemental Indenture, dated as of November 27, 2009, among the Company, the Guarantors and the Trustee.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Sixth Supplemental Indenture means the supplemental indenture dated as of July 1, 1960, hereinbefore referred to.

  • Permitted Subordinated Debt means Indebtedness incurred by Credit Parties; provided that (i) such Indebtedness shall be subordinated in right of payment to the payment in full of the Obligations, (ii) such Indebtedness shall be either (x) unsecured or (y) secured by the Collateral on a junior basis (including with respect to the control of remedies) with the Obligations, (iii) if such Indebtedness is secured, the holders of such Indebtedness (or their senior representative or agent) and the Collateral Trustee shall be party to a subordination agreement reasonably satisfactory to the Requisite Holders, (iv) such Indebtedness shall not be at any time guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors and the terms of such guarantee shall be no more favorable to the secured parties in respect of such Indebtedness than the terms of the Guarantee, (v) such Indebtedness shall have covenants, default and remedy provisions and other terms and conditions (other than interest, fees, premiums, funding discounts or optional prepayment or redemption provisions) that are substantially identical to, or less favorable to the investors providing such Indebtedness than, those set forth in this Indenture, (vi) the maturity date of such Indebtedness shall be no earlier than the date that is ninety one (91) days after the Stated Maturity Date, and (vii) there shall be no scheduled amortization of such Indebtedness, and such Indebtedness shall not be subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (except customary asset sale or change-of-control provisions that provide for the prior repayment in full of the Notes and all other Obligations), in each case prior to the date that is ninety one (91) days after the Stated Maturity Date.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • Defeased Note shall have the meaning set forth in Section 2.4.1(a)(v) hereof.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.