Examples of Subordinated Debt Amount in a sentence
The Subordinated Debt Amount shall be paid as follows: (i) Twenty Thousand Dollars ($20,000.00) per month for a period of twenty-four (24) months, with the first such payment to be made at the Closing and subsequent payments to be made on the first day of each month thereafter, with the final payment of Two Hundred Ninety Thousand Seven Hundred Sixty-One Dollars ($290,761.00), together with any and all other sums due under the Note, to be made at the end of such twenty-four (24) month period.
An initial Borrowing Tranche in an amount equal to the amount set forth in Section 3.1 of this Agreement shall be borrowed on the Closing Date and, thereafter, Borrower may request additional disbursements under the Subordinated Debt in accordance with the Agreement on or prior to the Sub Debt Funding Expiration Date; provided, however, in no event shall the principal amount outstanding under the Subordinated Debt exceed the Subordinated Debt Amount.
An environmental consultant will assist with the technical portions of the project.iv.
The Amendment allowed the Company to issue a total of $1,047,368 in additional Promissory Notes (“2020New Notes”) to a group of its current investors and the majority of its Board of Directors and amended the Maximum Subordinated Debt Amount (as defined in the Agreement) from $6,000,000 to $7,047,368.
A grievance not resolved in Step 3 may be appealed to Step 4 within ten (10) calendar days following the employer-designated representative's final answer in Step 3.