Subordinate Interests definition
Subordinate Interests. The Interest corresponding to the Subordinate Certificates.
Subordinate Interests means the rights of the Borrower and the Equity Holder in and to the Collateral.
Subordinate Interests has the meaning specified in Section 13.1(a), (b), (c), (d) or (e), as applicable.
Examples of Subordinate Interests in a sentence
Nothing in this Section 12 shall affect the obligation of the Borrower to pay holders of Subordinate Interests.
More Definitions of Subordinate Interests
Subordinate Interests. The meaning specified in Section 13.1(a).
Subordinate Interests. The Class A-2 Subordinate Interests, the Class B Subordinate Interests, the Class C Subordinate Interests, the Class D Subordinate Interests, the Class E Subordinate Interests, the Class F Subordinate Interests, the Class G Subordinate Interests and the Class H Subordinate Interests, as the context may require.
Subordinate Interests. The rights of the Issuer and the Equity Owner in and to the Collateral.
Subordinate Interests. The Class I-B Interest.
Subordinate Interests means, collectively, REMIC I Regular Interest B, REMIC I Regular Interest C, REMIC I Regular Interest D, REMIC I Regular Interest E, REMIC I Regular Interest F, REMIC I Regular Interest G, REMIC I Regular Interest H, REMIC I Regular Interest J, REMIC I Regular Interest K, REMIC I Regular Interest L and REMIC I Regular Interest M.
Subordinate Interests means the rights of the Borrower and the Equity Holder in and to the Collateral. “Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided that, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. “Successor Management Fees” means any management fees payable to a successor ▇▇▇▇▇▇▇▇▇▇ Manager as agreed between the Borrower, the Administrative Agent and any such successor Collateral Manager. “Successor Collateral Manager” means a replacement Collateral Manager appointed in the manner and to the extent provided in the Collateral Management Agreement. “Syndicated Collateral Obligation” means any Collateral Obligation that (i) is Acquired by the Borrower at a price (calculated as of the date of acquisition or commitment to acquire by the Borrower) equal to or greater than 85.0% (expressed as a percentage of par of the related Collateral Obligation Notional Amount but excluding any accrued interest) and, (ii) (a) at the time of determination, (1) is a broadly syndicated commercial loan; (2) is secured by a pledge of collateral, which security interest is validly perfected and is a First Lien Collateral Obligation or a Second Lien Collateral Obligation; (3) has a collateral value or enterprise value securing such Loan Obligation (as determined in good faith by the Collateral Manager on or about the time of origination) that is equal to or in excess of (i) the outstanding principal balance of such Loan Obligation plus (ii) all other loans of equal or higher seniority 52 secured by the same collateral; (4) has a senior facility size of $200,000,000 or greater and has an EBITDA for the prior twelve (12) calendar months of $50,000,000 or greater (after giving pro forma eff...
Subordinate Interests. The meaning specified in Section 3.1 of the Intercreditor Agreement.