Subordinated Bond definition

Subordinated Bond has the meaning specified in Annex C.

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Subordinated Bond means any debt security (that is not a Bank Loan) that is subordinated to any senior unsecured debt obligations of the related issuer.

Subordinated Bond or “Subordinated Bonds” means any Bond or Bonds secured in the manner set forth in Section 5.01(j) or otherwise issued pursuant to the Indenture on terms and conditions that are subordinate in any respect to any other Series of Bonds.

Examples of Subordinated Bond in a sentence

Neenah shall have issued the Subordinated Bonds in an initial principal amount of $75,000,000 in accordance with the terms of the Subordinated Bond Documents and all applicable laws in exchange for Subordinated Bonds (2003 Series) in a corresponding aggregate principal amount; and the Subordinated Bond Documents shall contain subordination provisions that are acceptable to Agent and Lenders.
Subordinated Bonds — the 12.5% Senior Subordinated Notes of Neenah due 2013 issued as of the date of the Agreement pursuant to the Subordinated Bond Documents in the original principal amount of $75,000,000.
Subordinated Bond Documents — the Subordinated Bond Indenture, the Subordinated Bonds, any guaranty, mortgage, security agreement or other collateral document securing the Subordinated Bonds and all other documents, agreements and instruments now existing or hereinafter entered into in connection with the foregoing, in each case as amended from time to time.
Subordinated Bond Documents (2003 Series) — as defined in the Original Loan Agreement.
The 2003 Subordinated Bond Insurer shall be an intended third-party beneficiary of the provisions of Sections 6.4 and 6.5 hereof.

More Definitions of Subordinated Bond

Subordinated Bond means an unsecured bond specifying rights of the bondholder subordinate to the rights of general creditors;

Subordinated Bond means the subordinated bond to be issued by AgriBank and subscribed in full by the Issuer in accordance with the terms described in this Company Admission Document;

Subordinated Bond means an unsecured bond where the rights of the bondholders are prescribed to be subordinate to those of the ordinary creditors;

Subordinated Bond means unsecured bond wherein the rights of the bondholders are prescribed to be subordinate to those of ordinary creditors;

Subordinated Bond means a Term Subordinated Bond or an Undated Subordinated Bond.

Subordinated Bond means a bond that, in the event of liquidation, is prioritised lower than

Subordinated Bond means a debt security (that is not a loan) that (i) is issued by a corporation, limited liability company, partnership, trust or similar business entity and (ii) is subordinated by its terms other than with respect to liquidation, trade claims, capitalized leases or similar obligations; and (d) “senior secured note”: shall mean assignment of or Participation Interest in or other interest in a senior secured note issued pursuant to an indenture or equivalent document by a corporation, partnership, limited liability company, trust or other Person, bearing interest at a floating rate and that is secured by a pledge of collateral and has a senior pre-petition priority (including pari passu with other obligations of the Obligor, but subject to customary permitted liens, such as, but not limited to, any tax liens, liquidation, trade claims, capitalized leases or similar obligations) in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings. *** The S&P Recovery Rate for Senior Syndicated Secured Loans shall apply only to Senior Syndicated Secured Loans for which the Syndicated Tranche exceeds 20% of the sum of (x) the outstanding principal balance of the loan, plus (y) the outstanding principal balance and unfunded commitments of such revolving facility, plus (z) the outstanding principal balance of any other debt for borrowed money incurred by such Obligor that is pari passu with such loan. † Solely for the purpose of determining the S&P Recovery Rate for such loan, the Aggregate Principal Balance of all First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds that, in the aggregate, represent up to 15% of the Collateral Principal Amount shall have the S&P Recovery Rate specified for First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds in the table above and the Aggregate Principal Balance of all First-Lien Last-Out Loans, Unsecured Loans, Second Lien Loans and senior unsecured Bonds in excess of 15% of the Collateral Principal Amount shall have the S&P Recovery Rate specified for subordinated loans in the table above.