Replacement Subordinated Notes definition

Replacement Subordinated Notes means Indebtedness of Holdings or the Parent Borrower of the type described in clauses (a), (b), (d) and (e) of the definition of “Permitted Subordinated Notes”.
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Replacement Subordinated Notes means Indebtedness of Holdings or the Parent Borrower of the type described in clauses (a), (b), (d) and
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Replacement Subordinated Notes means the promissory notes issued by the Borrowers from time to time pursuant to the Replacement Subordinated Loan and Security Agreement, as the same may be amended, modified, restated, replaced or supplemented from time to time. Super-Majority Lenders shall mean at any time Lenders whose Pro Rata Shares aggregate more than seventy-five percent (75%) as such percentage is determined under the definition of Pro Rata Share set forth herein.”
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More Definitions of Replacement Subordinated Notes

Replacement Subordinated Notes means the promissory notes issued by the Borrowers from time to time pursuant to the Replacement Subordinated Loan and Security Agreement, as the same may be amended, modified, restated, replaced or supplemented from time to time. Repossession Percent shall mean the percent, calculated as of the first day of each month, equal to (a) the repossession value of all property which the Borrowers have repossessed and which, as of the last day of the month immediately preceding the date of calculation, was reflected as an asset on the Borrowers’ books divided by (b) the Net Balance owing under all Contracts (excluding Contracts charged-off) outstanding as of the last day of that month. For example, if ten (10) properties having a total repossession value of $50,000.00 had at any time been repossessed by Borrowers and were reflected as assets on the books of Borrowers at the end of the month and the Net Balance was $2,000,000.00 at the end of such month, the Repossession Percent would be two and one-half percent (2-1/2%) ($50,000.00/$2,000,000.00).
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Replacement Subordinated Notes has the meaning set forth in Section 5(j).
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Related to Replacement Subordinated Notes

  • 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:

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

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 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.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.