Sub Debt definition

Sub Debt means unsecured subordinated Debt that:

Sub Debt or similar financing arrangements.

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.

Examples of Sub Debt in a sentence

• Notwithstanding the requirements of this Section III.h, the Consenting Sub Debt Holders shall not be required to pay any out-of-pocket fees and expenses related to their obligations herein (other than as required to comply with their obligations under Section II.l herein), and shall not be required to provide any indemnity to the Subordinated Notes Indenture Trustee in connection herewith.

• As of the date of this Agreement, all interest and principal payments due on the Loan and the Sub Debt have been paid in accordance with the respective terms thereof and the Company is otherwise not in default thereunder.

• Notwithstanding the requirements of this Section 9, the Consenting Sub Debt Holders shall not be required to pay any out-of-pocket fees and expenses related to their obligations herein, and shall not be required to provide any indemnity to the Subordinated Notes Indenture Trustee in connection herewith.

• Capital £'000 Costs Site Acquisition 0 Equipment 504 Sub Debt 101 Total Capital Cost 605 Funded by - Formula Capital 605 Revenue £'000 Costs Annual Service Payment 945 Running Costs 498 Depreciation Equipment 50 IFRS Depreciation 403 Total Costs 1,896 Funded by - Existing Budgets 1,493 IFRS - SGHCD 403 Total Funding 1,896 Surplus 0 Financial Contributions There are no financial contributions from external partners in this project.

• No payment of principal or interest shall be made by Borrowers with respect to the Parent Sub Debt – Tranche 1, Parent Sub Debt – Tranche 2 or Parent Sub Debt – Tranche 3 if an Unmatured Event of Default or Event of Default would occur as a result of such payment.

More Definitions of Sub Debt

Sub Debt means the Company's outstanding unsecured notes.

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

Sub Debt has the meaning specified in the preamble hereto.

Sub Debt means indebtedness which is specifically subordinated to the Note and all other Obligations of CLC to the Bank on terms and conditions satisfactory to the Bank and which does not mature in whole or in part until at least one year following the maturity of the Note."

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.

Sub Debt means the Indebtedness under the Sub Debt Agreement.

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]