Qualified Subordinated Indebtedness means (i) new Subordinated Indebtedness that refinances previously existing Subordinated Indebtedness and has no scheduled amortization and no part of the principal part of such Indebtedness has a maturity date earlier than 181 days after the final stated maturity of any Term Loans hereunder, (ii) Subordinated Indebtedness outstanding on the Restatement Effective Date and listed on Schedule 6.01(d) and (iii) Permitted Seller Debt, in each case so long as after giving effect to the incurrence of any such Indebtedness, on a Pro Forma Basis, as if such incurrence of Indebtedness, the application of the proceeds thereof and the consummation of any other Specified Transaction occurring since the first day of the Calculation Period then last ended had occurred on the first day of the Calculation Period then last ended, the Company and its Subsidiaries are in compliance with the financial covenants set forth in Section 6.18 for the Calculation Period then last ended, and the Company shall have delivered to the Administrative Agent a certificate of a Responsible Officer of the Company to such effect setting forth in reasonable detail the computations necessary to demonstrate such compliance with the covenants contained in Section 6.18.
Qualified Subordinated Indebtedness means the Borrower’s (i) 6.10% Subordinated Deferrable Interest Notes Due 2044, (ii) 5.95% Subordinated Deferrable Interest Notes Due 2045, and (iii) any other Indebtedness of the Borrower having substantially similar terms as to subordination as those contained in the instruments and documents relating to the foregoing Indebtedness or that would be junior to any of the foregoing; provided that such Indebtedness (a) will not mature prior to the Maturity Date and (b) does not require payments of principal prior to the Commitment Termination Date, except pursuant to acceleration or at the option of the Borrower.
Qualified Subordinated Indebtedness means the Borrower’s (i) 6.75% Subordinated Deferrable Interest Notes Due 2043, (ii) 6.10% Subordinated Deferrable Interest Notes Due 2044, (iii) 5.95% Subordinated Deferrable Interest Notes Due 2045, and (iv) any other Indebtedness of the Borrower having substantially similar terms as to subordination as those contained in the instruments and documents relating to the foregoing Indebtedness or that would be junior to any of the foregoing; provided that such Indebtedness (a) will not mature prior to the Maturity Date and (b) does not require payments of principal prior to the Maturity Date, except pursuant to acceleration or at the option of the Borrower.
Examples of Qualified Subordinated Indebtedness in a sentence
Notwithstanding the forgoing proviso, it is agreed that any prepayment of the Senior Subordinated Notes with proceeds from an issuance of Qualified Subordinated Indebtedness permitted by clause (ii) of the preceding sentence or with proceeds from an Initial Public Offering permitted by clause (iii) of the preceding sentence shall not be received in trust for, held for the benefit of, or paid over, delivered or transferred to, the Lenders.
More Definitions of Qualified Subordinated Indebtedness
Qualified Subordinated Indebtedness means Subordinated Indebtedness incurred pursuant to clause (c) of the definition of “Permitted Indebtedness”.
Qualified Subordinated Indebtedness means the Borrower's (i) 8% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2045), (ii) 7.65% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2046), (iii) 7.375% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2047), (iv) 7.625% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2050), (v) Member Subordinated Capital Securities issued pursuant to the Borrower's Prospectus Supplement dated May 2, 2000 supplementing the Borrower's Prospectus dated February 22, 2000 and having a maturity of not less than 40 years from the date of issuance thereof and (vi) any other Indebtedness of the Borrower having substantially similar terms as those contained in the instruments and documents relating to the foregoing Indebtedness.
Qualified Subordinated Indebtedness means Indebtedness, including loan stock, that is subordinated to the Notes pursuant to terms specified in the Indenture and which provides that no cash payment of principal or cash payment of interest thereon may be made (whether upon default, change of control, an asset sale or otherwise) prior to payment in full of the Notes.
Qualified Subordinated Indebtedness means at any time, on a consolidated basis, any Subordinated Indebtedness of the Loan Parties having a maturity date later than the later of the Facility Termination Dates.
Qualified Subordinated Indebtedness means Subordinated Indebtedness, the terms of which shall provide for no cash payments (including principal and interest payments) at any time prior to the date that is one year following the Termination Date and the terms and conditions (including, without limitation, subordination terms) applicable to any such Subordinated Indebtedness shall be satisfactory to the Administrative Agent in its sole-discretion.
Qualified Subordinated Indebtedness means the Borrower's (i) 6.75% Subordinated Deferrable Interest Notes Due 2043, (ii) 7.625% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2050), (iii) 7.40% Quarterly Income Capital Securities (Subordinated Deferrable Interest Debentures Due 2050), (iv) 6.10% Subordinated Deferrable Interest Notes Due 2044, and (v) any other Indebtedness of the Borrower having substantially similar terms as those contained in the instruments and documents relating to the foregoing Indebtedness.
Qualified Subordinated Indebtedness means Subordinated Indebtedness of the Company to a Qualified Finance Subsidiary incurred in connection with a Qualified TIPS Transaction.