Examples of Subordinate Interest in a sentence
For purposes of calculating the accrual of interest with respect to each Subordinate Interest and any Interest Accrual Period, the related Q-REMIC Interest Balance will be deemed to adjust at the beginning of such Interest Accrual Period.
No Person acquiring a beneficial ownership interest in any Q-REMIC Interests will be entitled to receive a physical certificate representing such ownership interest; provided, however, that at the option of the holder of any Subordinate Interest, such Subordinate Interest may be evidenced by a note in physical form.
Gateway records the government securities held in the Senior Lien, Stadium Revenue and Subordinate Interest and Bond Funds at their fair value.
The Authority hereby directs the Trustee to transfer to the Escrow Agent $[000,000,000.00] of the proceeds of the Series 2019D Bonds and $[0,000,000.00] from the Series 2013A Subordinate Bonds Interest Subaccount in the Subordinate Interest Account, for deposit into the Series 2019D Escrow Account.
Upon any disposition of any of the Collateral by Secured Party, the Subordinating Creditor agrees, if requested by Secured Party, to promptly execute and deliver any and all releases or other documents or agreements which Secured Party reasonably deems necessary to accomplish a disposition thereof free of the Subordinate Interest.