Subordinated Capital definition

Subordinated Capital means any loan or credit which is fully subordinated to the Bond Issue.

Subordinated Capital means any loan granted or to be granted, with terms (including aggregate amount) and final structure acceptable to the Bond Trustee (acting in its sole discretion), inter alia to ensure that (i) such loan is fully subordinated to the Secured Obligations, and (ii) any repayment of principal, or payment of interest under any such loan, may only be made subject to all present and future obligations and liabilities under the Secured Obligations having been discharged in full.

Subordinated Capital means subordinated loans (according to their terms) or other instruments issued by the Issuer in the form of hybrid or subordinated capital but not constituting Fund Units which are non-callable and contain rights to defer interest payments in a stressed scenario until and including the Final Maturity Date;

Examples of Subordinated Capital in a sentence

• The rights and claims of the Holders of any series of Perpetual Subordinated Capital Securities are subordinated to Issuer Senior Creditors with respect to such Securities, including claims of any Holders of Dated Subordinated Debt Securities, Perpetual Subordinated Debt Securities or any other subordinated debt securities of the Issuer not expressed to rank equally with or junior to the Perpetual Subordinated Capital Securities.

• A notice or redemption relating to a series of Perpetual Subordinated Capital Securities or Perpetual Subordinated Debt Securities shall be irrevocable.

• In the event of the bankruptcy, winding up or liquidation of the Issuer, the claims of Holders of Perpetual Subordinated Capital Securities will rank at least pari passu with all other of the Issuer’s obligations that constitute, or would but for any applicable limitations on the amount of such capital constitute, Tier 1 Capital and in priority to the claims of holders of all classes of the Issuer’s share capital.

• Unless otherwise specified in the Securities of a series, notice of redemption shall be given in the manner provided in Section 1.06 not later than 10 days and not earlier than 60 days (or in the case of partial redemption 45 days) prior to the Redemption Date, to each Holder of Securities to be redeemed and, with respect to the Perpetual Subordinated Capital Securities, the Subordinated Trustee, the Calculation Agent and any Paying Agent of such series.

More Definitions of Subordinated Capital

Subordinated Capital means any loan or credited which is fully subordinated to the Bonds. “Subsidiary” means a company over which another company has Decisive Influence.

Subordinated Capital means the sum of (i) Equity, (ii) any Subordinated Loans and (iii) the Bonds.

Subordinated Capital means (i) amounts which in accordance with applicable accounting standards would be shown in the Issuer’s Financial Statements as the shareholders’ equity of the Issuer and (ii) any Subordinated Loans.

Subordinated Capital means any loan or credited which is fully subordinated to the Bonds.

Subordinated Capital means any loan or credit granted or to be granted to the Issuer, with terms acceptable to the Bond Trustee (acting in its sole discretion), to ensure that (i) such loan is fully subordinated to the Bonds, and (ii) any repayment of, or payment of interest under, any such loan is subject to all present and future obligations and liabilities under the Finance Documents having been discharged in full, provided in each case any payment under Subordinated Capital is permitted to the extent qualifying as a permitted Distribution under Clause 13.5 (Distributions).

Subordinated Capital means the sum of all shares allocated by the Issuer under the Equity Issue and all Subordinated Loans granted to the Issuer within 31 March 2016 which shall be equal the NOK equivalent to USD 15 million. When calculating the NOK amounts the calculation shall be based on the Exchange Rate.

Subordinated Capital means a subordinated capital investment, either by way of debt or equity, in the Borrower on or before September 28, 2001, in an amount not less than $4,000,000 on terms and conditions satisfactory to Lender and its counsel.