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Subordinated debt account definition

Subordinated debt account means a debt having a claim against the issuer’s assets that is lower in ranking, or junior to, other obligations, and is paid after claims to holders of senior securities are satisfied. “Superintendent” means the superintendent of credit unions for the credit union division of the Iowa
Subordinated debt account has the meaning set forth in the Master Bond Resolution.
Subordinated debt account means the Account so designated established and created under Section 2.2(a) of the Intercreditor Agreement.

More Definitions of Subordinated debt account

Subordinated debt account means the Subordinated Debt Account established pursuant to Section 3.1.
Subordinated debt account. (vii) "Subordinated Fee Account"; (viii) "Distribution Account"; (ix) "Completion Account"; and (x) "Loss Proceeds Account."
Subordinated debt account means a debt having a claim against the issuer’s assets that is lower in ranking, or junior to, other obligations, and is paid after claims to holders of senior securities are satis- fied.
Subordinated debt account means the Account of such name established under the Depositary Agreement and held under account number 6800 0603 12.
Subordinated debt account means the sub-account of the Debt Service Fund established by the Collateral Agent pursuant to SECTION 2.2 (Establishment of Funds and Sub-accounts) of the Collateral Agency Agreement.

Related to Subordinated debt account

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Subordinated Obligation means any Indebtedness of the Issuer or a Note Guarantor (whether outstanding on the Closing Date or thereafter Incurred) that is subordinate or junior in right of payment to the Notes (in the case of the Issuer) or the Note Guarantee (in the case of a Note Guarantor) pursuant to a written agreement.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.