Subordinated Bonds definition

Subordinated Bonds means any bonds or indebtedness of the District that have a lien, charge, pledge or encumbrance on the Net Taxes junior and subordinated to the lien, charge, pledge and encumbrance thereon for the Bonds and any Parity Bonds.

Subordinated Bonds means bonds or indebtedness issued or incurred pursuant to Section 206A and shall also mean any Subordinated Parity Bond Anticipation Notes and any Parity Reimbursement Obligation incurred with respect to Subordinated Bonds.

Subordinated Bonds means the unsecured bonds where the rights of the bondholders are prescribed to be subordinate to those of the ordinary creditors.

Examples of Subordinated Bonds in a sentence

• The Bonds will be issued in Tranches within a Sub-Class with each Sub-Class (other than in respect of the Subordinated Bonds) belonging to one of four Classes, namely, Class A Wrapped Bonds, Class A Unwrapped Bonds, Class B Wrapped Bonds or Class B Unwrapped Bonds.

• Subordinated Bonds: Holders of subordinated debentures will bear higher risks than holders of senior debentures of the issuer due to a lower priority of claim in event of the Issuer’s liquidation.

• The Subordinated Bonds in USD 2013/2014/2015 were issued by CB Uniastrum Bank LLC and mature as follows: USD 2 million on 31 December 2013, USD 2,5 million on 31 December 2014 and USD 2 million on 31 December 2015.

• Subordinated Bonds The Company established a Euro Medium Term Note (ΕΜΤΝ) Programme with an aggregate nominal amount up to €4.000 million (31 December 2011: €4.000 million).

• With respect to any Class of Bonds to be redeemed, an amount equal to 100% of the related Class Principal Amount of the Bonds (including, in the case of the Subordinated Bonds, any unpaid Subordinated Principal Carryover Shortfall) to be so redeemed, together with interest on such amount at the applicable Bond Interest Rate through the last day of the month immediately preceding the month in which such Redemption Date occurs, together with any unpaid Class Interest Shortfalls.

More Definitions of Subordinated Bonds

Subordinated Bonds means Bonds which are purchased by or at the direction of Borrower with the consent of the Permanent Lender pursuant to Section 2.9(9) hereof.

Subordinated Bonds means any bonds or other financing instrument or obligation issued pursuant to the Subordinated Indenture. Subordinated Indenture shall mean the Master Indenture of Trust dated March 1, 1988, securing the Authority's General Airport Subordinated Revenue Bonds, as such may be supplemented or amended.

Subordinated Bonds means any bonds issued by the Issuer which pursuant to the Issuer Deed of Charge rank in point of payment and security subordinate to the Class A Bonds and the Class B Bonds.

Subordinated Bonds means any bonds, notes or other evidences of indebtedness issued on a subordinate basis pursuant to the Trust Agreement.

Subordinated Bonds means the Class B-1 Bonds and the Class B-2 Bonds.

Subordinated Bonds means any Bonds designated as such by the Authority.

Subordinated Bonds means any Bonds issued pursuant to the provisions of Section 203(7) hereof.