Shareholder Subordinated Debt definition

Shareholder Subordinated Debt means, collectively, any debt provided to the Company by any direct or indirect parent holding company of the Company (or Melco Resorts), in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Shareholder Subordinated Debt; provided that such Shareholder Subordinated Debt:

Shareholder Subordinated Debt means, collectively, any debt provided to the Parent Guarantor by any direct or indirect parent holding company of the Parent Guarantor (or any Sponsor), in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Shareholder Subordinated Debt; provided that such Shareholder Subordinated Debt:

Shareholder Subordinated Debt means all Subordinated Debt of ----------------------------- HCC under the Shareholder Subordinated Loan Agreement.

Examples of Shareholder Subordinated Debt in a sentence

• Borrower shall not, nor shall it permit its Subsidiaries to, create, incur, assume or issue other Indebtedness if, immediately after the incurrance thereof, the ratio of Funded Debt to Consolidated Tangible Net Worth, plus Shareholder Subordinated Debt of the Borrower, would exceed 7 to 1.

• Not later than August 27, 2004, the Borrower shall cause the outstanding principal amount of the Shareholder Subordinated Debt and all interest accrued thereon to be converted into common stock of the Borrower pursuant to a non-cash transaction permitted under subsection 10.04(j).

• The financial covenants set forth in subsections 10.02(a) (captioned “Leverage Ratio”), 10.02(c) (captioned “Interest Coverage Ratio”) and 10.02(d) (captioned “Fixed Charge Ratio”) shall be calculated without giving effect to the principal amount of the Shareholder Subordinated Debt or any interest payable thereunder.

• The Company shall have entered into binding agreements ("Shareholder Subscription Agreements") for the conversion of the Shareholder Subordinated Debt, together with accrued interest, into equity of the Company on substantially the same terms as subscribers to the Private Placement.

• Arts College for Men, Bharathidasan University, Kumbakonam (2006 – 2008) 5.

More Definitions of Shareholder Subordinated Debt

Shareholder Subordinated Debt means all indebtedness of Borrower to its shareholders, now existing or hereafter to occur.

Shareholder Subordinated Debt has the meaning specified in Section 8.1(l).

Shareholder Subordinated Debt means the Indebtedness of the Borrower evidenced by (i) that certain Convertible Subordinated Promissory Note dated August 27, 2002, made by the Borrower in favor of Les Domaines Xxxxx xx Xxxxxxxxxx (Lafite) ("DBR"), in the original principal amount of $8,250,000 and (ii) that certain Convertible Subordinated Promissory Note

Shareholder Subordinated Debt means that certain Indebtedness of the Parent to World Focus, in an original principal amount not to exceed $3,384,500.54 as evidenced by (i) the Seventh Amended and Restated Secured Promissory Note made by Parent in favor of Deutsche Bank AG London, dated April 20, 2005, in the aggregate principal amount of $1,884,500.54, which was assigned to World Focus pursuant to that certain Assignment and Acceptance dated February 16, 2006 and (ii) that certain Promissory Note made by Parent in favor of Essar, dated July 25, 2005, in the aggregate principal amount of $1,500,000.00.

Shareholder Subordinated Debt means the $465,000 principal amount remaining on the debt to Xxxxxxx X. Xxxxxxx evidenced by a Promissory Note, accruing interest at 12% per annum, payable monthly, with the principal amount payable on demand.

Shareholder Subordinated Debt is defined in Section 7.6.

Shareholder Subordinated Debt means the separate Subordinated Promissory Notes in the aggregate original principal amount of $3,000,000 and bearing interest at fifteen percent (15%) per annum, with no scheduled cash interest or principal payments due until October 1, 2001, issued by Unicco to each of the shareholders pursuant to Section 2.03(a)(iii).