Senior Subordinated Creditors definition

Senior Subordinated Creditors means creditors of the Borrower in respect of its Senior Subordinated Obligations;
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Senior Subordinated Creditors means the Noteholders (as such term is defined in the Purchase Agreement) and Xxxxx Xxxxxx, Xxxxxxxx X. Xxxxxx, The Xxxxx X. Xxxxxx Trust, The Xxxxxx X. Xxxxxx Trust, The Xxxxxxx X. Xxxxxx Trust, The Xxxx X. Xxxxxx Trust and Xxxx X. Xxxxx, as holders of the Pari Existing Shareholder Notes (as such term is defined in the Collateral Agency, Subordination and Intercreditor Agreement).
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Senior Subordinated Creditors means the Trustee on behalf of holders of Senior Obligations or any holder of Senior Obligations.
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Examples of Senior Subordinated Creditors in a sentence

  • The Lender may rely upon a certificate of the liquidator for the purpose of determining whether or not any claims of Senior Creditors or Senior Subordinated Creditors remain outstanding and if so their amount or aggregate amount.

  • The Company agrees to pay on demand all reasonable costs and expenses of the Senior Subordinated Creditors (including without limitation all reasonable fees and disbursements of any counsel to the Senior Subordinated Creditors), incurred by the Senior Subordinated Creditors in connection with the enforcement of the Senior Subordinated Creditors' rights hereunder and the collection of amounts payable hereunder.

  • This agreement to pay costs is cumulative of, and shall not limit, the Senior Subordinated Creditors rights to indemnification against all liability, loss or damages pursuant to paragraph 12B of the Securities Purchase Agreement.

  • Its Investment Advisor -13- By:_________________________________ Name:_______________________________ Title:______________________________ Senior Subordinated Creditors: SCHEDULE I DELAWARE STATE EMPLOYEES' RETIREMENT FUND c/o Pecks Management Partners Ltd.

  • No modification or waiver of any provision of this Subordination Agreement nor consent to any departure herefrom shall in any event be effective unless the same shall be in writing and signed by the Senior Subordinated Creditors and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.

  • A majority (by principal amount of the Senior Subordinated Notes then outstanding) of the Senior Subordinated Creditors shall have the right in their sole discretion to determine which rights, guarantees, liens, security interests or remedies they shall retain, pursue, release, subordinate, modify or take any other action with respect thereto, without in any way modifying or affecting any other of them or any of their rights hereunder.

  • If an Event of Default shall occur and be continuing, a majority (by principal amount of the Senior Subordinated Notes then outstanding) of the Senior Subordinated Creditors shall have the right, power and authority to do all things they deem necessary or advisable to enforce the provisions of this Subordination Agreement.

  • This Subordination Agreement and the obligations of the Seller Subordinated Creditor hereunder are in addition to and not in substitution for any other obligations or security interests now or hereafter held by the Senior Subordinated Creditors.

  • No failure on the part of the Senior Subordinated Creditors to exercise, and no delay in exercising, and no course of dealing with respect to, any right, power or remedy hereunder shall operate as a waiver thereof or of any default, nor shall any single or partial exercise by the Senior Subordinated Creditors of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right, power or remedy of the Senior Subordinated Creditors.

  • The Seller Subordinated Creditor agree that, notwithstanding any agreement to the contrary, so long as any portion of Senior Subordinated Debt remains unpaid, any provision in any document now or hereafter existing which requires the consent or approval of the Seller Subordinated Creditor prior to the taking of any action by the Senior Subordinated Creditors is hereby waived and relinquished.


More Definitions of Senior Subordinated Creditors

Senior Subordinated Creditors which term shall include Holders of Dated Subordinated Debt Securities, means creditors of the Company whose claims against the Company are, or are expressed to be, subordinated (whether only in the event of the Company’s winding up or otherwise) to the claims of the Company’s depositors and other unsubordinated creditors but excluding the Company’s creditors whose claims rank, or are expressed to rank, equal or junior to the claims of Holders of the Company’s Undated Subordinated Debt Securities.
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Senior Subordinated Creditors means all unsecured subordinated creditors of the Borrower (other than Junior Subordinated Creditors) whose claims in accordance with this Agreement rank or expressed to rank in priority to the claims of holders of Capital Stock of the Borrower and Junior Subordinated Creditors and behind claims of Senior Creditors.
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Senior Subordinated Creditors means the Purchasers and any subsequent holders of the Senior Subordinated Notes.
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Related to Senior Subordinated Creditors

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Subordinated Debt means the Securities and any other Indebtedness of the Company that specifically provides that it is to rank pari passu with other Senior Subordinated Debt of the Company and is not subordinated to any Indebtedness of the Company that is not Senior Debt.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

  • Senior Creditors means creditors of the Issuer: (a) who are unsubordinated creditors of the Issuer; (b) whose claims are, or are expressed to be, subordinated to the claims of unsubordinated creditors of the Issuer but not further or otherwise; or (c) whose claims are, or are expressed to be, junior to the claims of other creditors of the Issuer, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders in a winding-up in respect of the Securities (and, for the avoidance of doubt, Senior Creditors shall include holders of Tier 2 Capital instruments);

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • 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.

  • Senior Subordinated Notes means the Borrower’s 9.75% Senior Subordinated Notes due 2014, in an original aggregate principal amount of $225,000,000.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

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

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Junior Subordinated Payment has the meaning specified in Section 13.2.

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

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Senior Subordinated Indenture means the Indenture dated as of June 11, 2003, among Xxxxxxxxx Technologies Corporation, as issuer, the subsidiary guarantors party thereto, and The Bank of New York, as trustee, pursuant to which the Senior Subordinated Notes shall have been issued, as amended or otherwise modified to the extent permitted under Section 5.02(j).

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • 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.

  • Subordinated Claims shall have the meaning set forth in Section 3.6(c)(i) hereof.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.