Sub Debt definition

Sub Debt means unsecured subordinated Debt that:

Sub Debt or similar financing arrangements.

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.

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.

• 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.

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

• Each of the Borrowers and Holdings has the power and authority to incur the Subordinated Debt evidenced by the Subordinated Notes as provided for under the Sub Debt Documents applicable thereto and has duly authorized, executed and delivered the Sub Debt Documents applicable to such Subordinated Debt.

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 means the Company's outstanding unsecured notes.

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

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 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 Indebtedness under the Sub Debt Agreement.

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