Sub Debt definition

Sub Debt means unsecured subordinated Debt that:

Sub Debt means unsecured subordinated Debt that: (a) does not require principal payments until at least 12 months following the Maturity Date; and (b) is expressly subordinated to the Designated Senior Debt pursuant to subordination provisions in the form attached as Schedule I or other subordination provisions approved by the Required Lenders.

Sub Debt or similar financing arrangements.

Examples of Sub Debt in a sentence

• For Sub Debt the Company has a rating of ‘IND AAA’ Stable by India Ratings & Research & [ICRA] AAA (Stable) by ICRA Ltd and CARE AAA (Stable) by CARE Ratings.

• For Sub Debt the Company has a rating of ‘IND AAA’ Stable by India Ratings & Research and [ICRA] AAA (Stable) by ICRA Ltd.

• Sub Debt was reviewed after ESA10 and at this stage of the project it is assumed that the Board will be required to provide the full 10% investment.

• After the occurrence and during the continuance of a Sub Debt Event of Default (as defined below), in addition to all other rights and remedies, the outstanding principal balance of this Note (and to the extent permitted by applicable law, all unpaid interest) shall bear interest at a rate equal to fifteen percent (15%) per annum, or such lesser rate which is the maximum rate of interest permitted by law.

• Distributions on account of Sub Debt Claims shall be made to the Exchange Agent.

More Definitions of Sub Debt

Sub Debt means the Company's 9 7/8% Senior Subordinated Notes due 2007, the Company's 9 7/8% Series C Senior Subordinated Notes due 2007, and the Company's 8 3/4% Senior Subordinated Notes due 2008.

Sub Debt with the defined term "Sub Debt Claims".

Sub Debt means the Company's outstanding unsecured notes.

Sub Debt means the subordinated indebtedness of the Company to certain holders in the amount of $1,048,111 plus accrued interest.

Sub Debt means the loans made to Borrower by the Sub-Debt Provider pursuant to the Sub-Debt Documents.

Sub Debt means the Indebtedness under the Sub Debt Agreement. “Sub Debt Agreement” means that certain Senior Subordinated Loan Agreement, by and among Patriot Capital II, L.P., Newspring Mezzanine Capital II, L.P., Seller and Parent, dated December 4, 2012 (as amended by Confirmatory Amendment to Senior Subordinated Loan Agreement, dated December 4, 2012), by First Amendment to Senior Subordinated Loan Agreement, dated July 21, 2013, by Second Amendment to Senior Subordinated Loan Agreement, dated October 24, 2013, by Third Amendment to Senior Subordinated Loan Agreement, dated January 29, 2015, by Fourth Amendment to Senior Subordinated Loan Agreement, dated March 9, 2016, by Fifth Amendment to Senior Subordinated Loan Agreement, dated March 16, 2016, and by Sixth Amendment to Senior Subordinated Loan Agreement, dated June 22, 2016. “Sub Debt Consent and Release” means the (i) consent of the holders of the Sub Debt to the consummation of the transactions contemplated by this Agreement and (ii) a general release of claims by the holders of the Sub Debt in favor of Buyer and its affiliates, substantially in the form of Exhibit E hereto. “Transaction Expenses” means, to the extent not paid prior to the Closing, (i) all expenses with respect to outside legal counsel, accountants, advisors, brokers and other third parties in connection with the transactions contemplated hereby which are incurred by or on behalf of Seller or its affiliates, (ii) change of control payment and (iii) any management fees and reimbursable expenses payable to Xxxxxxxx Capital Partners II, L.P. or its affiliates. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Sub Debt means the $86,250,000 in 4 1/4% subordinated convertible debentures issued and sold by the Borrower pursuant to its Indenture dated November 15, 1993 with Hxxxxx as trustee.