Subordinated Bond definition

Subordinated Bond has the meaning specified in Annex C.

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.

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, including as provided in the definitions of “Senior Secured Bond”, “First Lien Loan” and “Second Lien Loan”; provided that certain debt securities that are Bank Loans will be Subordinated Bonds as provided in the definitions of “First Lien Loan”, “Second Lien Loan” and “Unsecured Bond”.

Examples of Subordinated Bond in a sentence

• Notwithstanding the foregoing, prior to the payment in full of the Senior Bonds, the failure of the Issuer to pay when and as due any installment of principal of or interest (regardless of the lapse of any grace period) on any Subordinated Bond shall not constitute an Event of Default hereunder.

• 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 Indenture — the Indenture attached as Exhibit A to the Subordinated Bond issued on the Closing Date.

• 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.

More Definitions of Subordinated Bond

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 specifying rights of the bondholder subordinate to the rights of general creditors;

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 a Term Subordinated Bond or an Undated Subordinated Bond.

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 bond that, in the event of liquidation, is prioritised lower than

Subordinated Bond or "Subordinated Bonds" shall mean the Authority's general airport subordinated revenue bonds or other obligations secured by the Subordinated Indenture. The term "Subordinated Bond" or "Subordinated Bonds" shall include notes, bond anticipation notes, commercial paper and other Short-Term/Demand Obligations, Regularly Scheduled Hedge Payments, Hedge Termination Payments, and other securities, contracts or obligations incurred through lease, installment purchase or other agreements or certificates of participation therein, in each case to the extent secured by the Subordinated Indenture.