Subordinate definition

Subordinate means, with respect to an obligation (the “Subordinated Obligation”) and another obligation of the obligor thereon to which such obligation is being compared (the “Senior Obligation”), a contractual, trust or similar arrangement (without regard to the existence of preferred creditors arising by operation of law or to collateral, credit support, lien or other credit enhancement arrangements or provisions regarding the application of proceeds of any of the foregoing) providing that (i) upon the liquidation, dissolution, reorganization or winding up of the obligor, claims of the holders of the Senior Obligation will be satisfied prior to the claims of the holders of the Subordinated Obligation or (ii) the holders of the Subordinated Obligation will not be entitled to receive or retain payments in respect of their claims against the obligor at any time that the obligor is in payment arrears or is otherwise in default under the Senior Obligation.

Subordinate means (i) one or more but less than a quorum of the members of a board constituting

Subordinate means any individual who engages in the Regulated Practice under the Direct Supervision of a Professional Registrant.

Examples of Subordinate in a sentence

• All capitalized terms used herein, but not defined herein, shall have the respective meanings set forth in the Senior Bond Ordinance and the Subordinate Bond Ordinance.

• The U.S. Army Engineering and Support Center, Huntsville (CEHNC), is a Major Subordinate Command under the U.S. Army Corps of Engineers.

• This Subordinate Contract shall commence upon execution of all necessary signatures, and continue in through December 12, 2025, unless otherwise terminated by the County pursuant to the termination provision of the RCA or renewed by a duly executed written amendment between the Parties according to the RCA.

• Except with respect to the payment obligations of the City, for and on behalf of its Department of Aviation described in this clause (j), such liens are prior as against all other Persons having claims of any kind in tort, contract or otherwise, whether or not such Persons have notice thereof, except as otherwise provided for in the General Bond Ordinance and the General Subordinate Bond Ordinance.

• The Ordinance creates, pursuant to the home rule powers of the City under Article XX of the Colorado Constitution and the Supplemental Public Securities Act, an irrevocable and subordinate lien (but not necessarily an exclusive lien) on the Net Revenues of the Airport System for the benefit of the Series 2019A-B Bonds, on a parity with the lien thereon of the Subordinate Bonds and any Subordinate Obligations heretofore or hereafter issued by the City, or by the City, for and on behalf of the Department.

More Definitions of Subordinate

Subordinate means, after the adoption of a Supplemental Resolution to provide for the creation of a subordinate class of Bonds or Other Obligations that is subordinate to Senior Bonds and prior to Junior Subordinate Bonds, (1) when used with respect to a Bond, a Bond of a series designated as such pursuant to the Supplemental Resolution pursuant to which such series of Bonds is issued, (2) when used with respect to a Credit Enhancement Facility, a Credit Enhancement Facility designated as such pursuant to the Supplemental Resolution pursuant to which such Credit Enhancement Facility is obtained by the State, and (3) when used with respect to a Swap Agreement, a Swap Agreement designated as such pursuant to the Supplemental Resolution pursuant to which such Swap Agreement is obtained by the State.

Subordinate means another official or employee over whose activities an official or employee has direction, supervision, or control.

Subordinate means any individual who assists in the practice of geology by a registered professional geologist without assuming the responsible charge of the work.

Subordinate means (i) one or more but less than a quorum of the members of a board constituting an agency, (ii) one or more of its staff members or employees, or (iii) any other person or persons designated by the agency to act in its behalf.

Subordinate means a Staff member who reports in any capacity to the individual with whom he/she is involved in a Personal Relationship, including but not limited to as an employee or as a member of a committee where the romantic partner serves as Chair or in another leadership role.

Subordinate means the same as defined in G.S. 89F-3(10).

Subordinate of a City officer or employee shall mean another City officer or employee that he or she has the power to hire, fire or discipline, or over whose activities he or she has the power to direct, supervise or control. Subordinates shall not include those who serve in positions that are classified as “exempt” or “unclassified” under the New York State Civil Service Law for purposes of the Ethics Code.