Seller Subordinated Notes definition

Seller Subordinated Notes means, collectively, the unsecured promissory notes issued by any Loan Party to any seller in connection with a Permitted Acquisition which are expressly subordinated and made junior to the payment and performance in full of all the Obligations in accordance with a subordination agreement substantially in the form of Exhibit O.

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Seller Subordinated Notes means, collectively, the Existing Seller Subordinated Notes and any Additional Seller Subordinated Notes.

Seller Subordinated Notes means Indebtedness of any Borrower or any of its Subsidiaries owing to the seller in any Permitted Acquisition so long as (i) at the time of the issuance of such Indebtedness, no Default or Event of Default then exists or would result therefrom, (ii) such Indebtedness is unsecured and is subordinated to the Obligations on a basis reasonably satisfactory to Administrative Agent, and (iii) such Indebtedness does not have any required amortization, maturity, sinking fund payment or similar requirement, or any cash interest payment requirement, in any case prior to the date that is one year after the Final Maturity Date.

Examples of Seller Subordinated Notes in a sentence

Collectively, the Subordination Agreements and the Seller Subordinated Notes.
Each Party shall, and shall cause and their respective Representatives to, take all actions necessary, appropriate or advisable to facilitate and cause Buyer to assume all issued and outstanding Seller Subordinated Notes, effective as of, and subject to and conditioned upon the occurrence of, the Closing, in accordance with the Seller Subordinated Notes and such other governing instruments and applicable law.
Holdings and Company have delivered to Syndication Agent and Administrative Agent complete and correct copies of (i) each document evidencing the Existing Seller Subordinated Notes and the Existing Earn-Out Obligations and (ii) copies of any amendment, restatement, supplement or other modification to or waiver of any such document entered into after the date hereof.
Holding has no significant assets (other than the capital stock of the Borrower) or material liabilities (other than those liabilities under the Credit Documents to which it is a party, the Acquisition Guaranty, the Holding Junior Subordinated Notes, the Seller Subordinated Notes and as otherwise permitted by Section 9.15(b)).
The room must be cleaned, vacuumed, and swept, and the garbage must be taken out.

More Definitions of Seller Subordinated Notes

Seller Subordinated Notes means the Borrower’s 6% Seller Subordinated Notes due December 20, 2010.

Seller Subordinated Notes means Seller’s 3.50% Fixed-to-Floating Rate Subordinated notes due 2032, 7.0% Fixed-to-Floating Rate Subordinated notes due 2032 and the 3.50% Fixed-to-Floating Rate Subordinated notes due 2031 acquired by Seller as a result of its acquisition of Century Bank of Georgia.

Seller Subordinated Notes means Holdings' 12% Pay-in-Kind Notes due 2009.

Seller Subordinated Notes means the Seller Senior Subordinated Note, the Seller Junior Subordinated Note and any other subordinated note issued to Schlumberger Limited or any other Person by Tokheim in payment of, or to finance payment of, a portion of the purchase price for the Schlumberger Acquisition in each case as amended, restated or otherwise modified from time to time in accordance with Section 6.27 and shall include the Roll-Over Notes (as defined ------------ in the Seller Senior Subordinated Notes).

Seller Subordinated Notes means the Borrower’s 6% Seller Subordinated Notes due December 20, 2010 in an initial outstanding aggregate principal amount of approximately $39,900,000, together with additional Seller Subordinated Notes issued in lieu of cash interest thereon in accordance with the terms thereof.

Seller Subordinated Notes means those certain Subordinated Promissory Notes dated March 4, 1991 in the aggregate original principal amount of $1,650,000 made by IRS in favor of IRS Seller, the Accurate Subordinated Note, the May Fab Seller Notes and the Teem Note.

Seller Subordinated Notes any seller subordinated notes received by the Borrower or any of its Subsidiaries in connection with the sale of marine vessels pursuant to Section 6.5(g)(i).