Subordinated Debt Securities definition

Subordinated Debt Securities means the series of subordinated debt securities to be issued by the Parent.

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Subordinated Debt Securities has the meaning set forth in the recitals of the Company herein and more particularly means any series of Subordinated Debt Securities issued, authenticated and delivered under this Subordinated Debt Securities Indenture.

Subordinated Debt Securities has the meaning set forth in the preamble hereto.

Examples of Subordinated Debt Securities in a sentence

After all Senior Indebtedness is paid in full and until the Subordinated Debt Securities are paid in full, Holders thereof shall be subrogated to the rights of holders of Senior Indebtedness to receive distributions applicable to Senior Indebtedness.
This Article XII defines the relative rights of Holders of Subordinated Debt Securities and holders of Senior Indebtedness.
Each Holder by accepting a Subordinated Debt Security authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders of Subordinated Debt Securities and the holders of Senior Indebtedness as provided in this Article XII and appoints the Trustee as attorney-in-fact for any and all such purposes.
Nothing in this Article XII shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of either the Subordinated Debt Securities or the Debt Securities, as the case may be.
If a distribution is made to Holders of Subordinated Debt Securities or a related Guarantee that because of this Article XII should not have been made to them, the Holders who receive such distribution shall hold it in trust for holders of Senior Indebtedness and pay it over to them as their interests may appear.

More Definitions of Subordinated Debt Securities

Subordinated Debt Securities means the Subordinated Debt Securities to be issued by the Subordinated Debt Issuer and acquired by the Trust.

Subordinated Debt Securities means any Debt Securities (and any guarantee of any Debt Security) that would constitute Subordinated Indebtedness.

Subordinated Debt Securities means any Debt Securities that are subordinated as contemplated by paragraph (21) of the second paragraph of Section 2.03.

Subordinated Debt Securities has the meaning set forth in Section 13.03.

Subordinated Debt Securities shall have the meaning assigned to it in the first paragraph of Article XII.

Subordinated Debt Securities means the ___% Subordinated Deferrable Interest Notes, Series __, due _________ to be issued by the Subordinated Debt Securities Issuer under the Indenture and to be held by the Property Trustee pursuant to Section 3.14. A specimen certificate for such series of Subordinated Debt Securities is attached hereto as Exhibit B.

Subordinated Debt Securities means any one of the 6 1/4% Convertible Subordinated Debentures due March 31, 2007, in an original aggregate principal amount of $140,000,000, issued by the Borrower pursuant to the Subordinated Indenture (of which original principal amount, $73,328,440 is outstanding as of the Closing Date), as such Subordinated Debt Securities may be supplemented, amended or otherwise modified from time to time.