Senior Subordinated Obligations definition

Senior Subordinated Obligations means any principal of, premium, if any, or interest on the Notes payable pursuant to the terms of the Notes or any Note Guarantee or upon acceleration, including any amounts received upon the exercise of rights of rescission or other rights of action (including claims for damages) or otherwise, to the extent relating to the purchase price of the Notes or amounts corresponding to such principal, premium, if any, or interest on the Notes.

Senior Subordinated Obligations means all indebtedness and monetary obligations of the Issuer present and future that rank or are expressed to rank junior in right of payment (whether only in the event of the winding up of the Issuer or otherwise) to the claims of Senior Creditors but that are not subordinated so as to rank in point of subordination junior to any other obligations of the Issuer.

Senior Subordinated Obligations is defined to mean any principal of, premium, if any, or interest on the Securities payable pursuant to the terms of the Securities or upon acceleration, to the extent relating to the purchase of Securities or amounts corresponding to such principal, premium, if any, or interest on the Securities.

Examples of Senior Subordinated Obligations in a sentence

• The Company agrees, and each Holder by accepting a Note agrees, that the payment of the Senior Subordinated Obligations will, to the extent set forth herein, be subordinated in right of payment to the prior payment in full, in cash or cash equivalents, of all Obligations due in respect of existing and future Senior Indebtedness (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Indebtedness.

• The Company shall promptly notify the Trustee, holders of Senior Indebtedness and the Paying Agent of any facts known to the Company that would cause a payment of any Senior Subordinated Obligations with respect to the Notes to violate this Article 10, but failure to give such notice shall not affect the subordination of the Notes to the Senior Indebtedness as provided in this Article 10.

• All sums paid or agreed to be paid hereunder or under the Other Agreements for the use, forbearance or detention of sums due shall, to the extent permitted by applicable law, be amortized, pro-rated, allocated and spread throughout the full term of the Senior Subordinated Obligations until payment in full so that the rate or amounts of interest on account of the Senior Subordinated Obligations does not exceed the Maximum Rate.

• Any Permitted Indebtedness which consists of royalties or other contingent deferred purchase price payments to sellers in connection with future acquisitions shall be subordinated to the Senior Subordinated Obligations on terms satisfactory to Purchaser.

• All Senior Subordinated Obligations are subordinate and junior in right of payment to all Senior Debt, but only to the extent provided in this Article 8.

More Definitions of Senior Subordinated Obligations

Senior Subordinated Obligations means any principal of, premium, if any, or interest on, or the redemption or the acquisition of, the Notes payable pursuant to the terms of the Notes or the Subsidiary Guarantees or upon acceleration, including any amounts received upon the exercise of rights of rescission or other rights of action (including claims for damages) or otherwise, to the extent relating to the redemption or purchase price of the Notes and the Subsidiary Guarantees or amounts corresponding to such principal, premium, if any, or interest on the Notes.

Senior Subordinated Obligations means any Obligations (including any bonds or notes) which constitute direct, unsecured and subordinated obligations of the Issuer and which rank and will at all times rank (i) equally and rateably with any other existing or future Senior Subordinated Obligations,(ii) in priority to present and future Equity Securities, Undated Junior Subordinated Obligations, Dated Junior Subordinated Obligations, Ordinary Subordinated Obligations, prêts participatifs granted to, and titres participatifs issued by the Issuer, and (iii) behind subordinated Obligations expressed to rank senior to Senior Subordinated Obligations if any, and behind Unsubordinated Obligations.

Senior Subordinated Obligations means the unpaid principal of, premium (if any) and interest on the Notes and all other obligations of the Company and the Subsidiaries of any kind whatsoever under or in respect of this Agreement and the Related Agreements.

Senior Subordinated Obligations means any subordinated obligations of the Company which by law and/or their terms, and to the extent permitted by Spanish law (including contractually subordinated obligations of principal related to instruments not qualifying as Tier 2 Capital or Tier 1 Capital of Banco Santander), rank senior to the Subordinated Debt Securities of any series.

Senior Subordinated Obligations means all indebtedness and monetary obligations of the Issuer present and future that rank or are expressed to rank junior in right of payment (whether only in the event of the winding up of the Issuer or otherwise) to the claims of Senior Creditors but that are not subordinated so as to rank in point of subordination junior to any other obligations of the Issuer. The Notes will be the top-ranking form of subordinated debt of the Issuer. It is the intention of the Issuer to have the Notes qualify towards the Issuer’s regulatory capital requirement as lower tier two regulatory capital. The Issuer may issue other series of subordinated debt which rank pari passu with or junior to the Notes. It is the Issuer’s intention that other series of notes which are also intended to qualify as lower tier two regulatory capital will be issued so as to rank pari passu with the Notes.

Senior Subordinated Obligations means any principal of, premium, if any, or interest on the Company's 8 1/2% Senior Subordinated Notes due 2006 (the "Subordinated Notes") payable pursuant to the terms of such Subordinated Notes or upon acceleration, including any amounts received upon the exercise of rights of recission or other rights of action (including claims for damages) or otherwise, to the extent relating to the purchase price of the Subordinated Notes or amounts corresponding to such principal, premium, if any, or interest on the Subordinated Notes.

Senior Subordinated Obligations means any Obligations (including any bonds or notes) which constitute direct, unsecured and subordinated obligations of the Issuer and which rank and will at all times rank (i) equally and rateably with any other existing or future Senior Subordinated Obligations,