Subordinated Debts definition

Subordinated Debts means liabilities in respect of the items listed in subparagraphs (a) to (d) of Regulation 87(1) of the 2015 Regulations (including, without limitation, claims in respect of obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 instruments), which are subordinated in the manner set out in section 1428A(1)(d) of the Companies Act;
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Subordinated Debts has the meaning specified in Section 12.02(a)(i).
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Subordinated Debts means liabilities in respect of debt instruments falling within section 33O(2)(i) of the Business of Credit Institutions Law and all liabilities which rank junior thereto (including, without limitation, liabilities in respect of obligations of the Issuer which fall within section 33O(2)(j) (Tier 2 Instruments) and section 33O(2)(k) (Additional Tier 1 Instruments) of the Business of Credit Institutions Law);
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Examples of Subordinated Debts in a sentence

  • All such remuneration shall be payable in priority to payment to the Subordinated Debts.

  • All debts and obligations, whether now or hereafter owing, of the Borrower to any Guarantor or any subsidiary of any Guarantor, as the same may be modified or renewed, including all interest thereon, and charges and other expenses and fees advanced or incurred by or for such Guarantor in connection therewith are referred to herein as the "Subordinated Debts".

  • During the period beginning on the date hereof and ending on the date on which the Senior Obligations shall have been satisfied and performed in full, Guarantor shall not, and shall cause its subsidiaries not to, seek to realize on any collateral, or commence or join in any proceeding for the collection of the Subordinated Debts, including any bankruptcy, insolvency or receivership proceeding, without the prior written consent of the Lender.

  • The Lender agrees that no other Lender of the Convertible Subordinated Debts, nor the controlling persons, officers, directors, partners, agents, stockholders or employees of any other Lender of the Convertible Subordinated Debts, will be liable for any action heretofore or hereafter taken or not taken by any of them in connection with the purchase and sale of the Securities.

  • Hari Babu, Managing Director and CEO Address: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇.▇.▇.

  • The Debentures authorized to be issued hereunder shall be limited to no more than $10,000,000 aggregate principal amount and shall be designated as “8,00% Convertible Unsecured Subordinated Debts due [June 30, 2020]”.

  • Under no circumstances will any Subordinated Creditor, directly or indirectly, take any action to demand, ▇▇▇ for, accelerate, set-off against, or otherwise seek to enforce against any of the Obligors any of its collection rights in respect of the Subordinated Debts, or ask, demand, take or receive any collateral, mortgages or other security from any of the Obligors in respect of the Subordinated Obligations.

  • Until the Borrower has fully repaid and performed to or for the benefit of the Lender all Senior Obligations, any and all Subordinated Debts and all liens and encumbrances securing the same are fully subordinated to the full repayment of the Senior Obligations and the discharge of all liens and encumbrances in favor of the Lender now or hereafter securing the Senior Obligations.

  • The Debentures authorized to be issued hereunder shall be limited to no more than $6,838,000 aggregate principal amount and shall be designated as “8,00% Convertible Unsecured Subordinated Debts due June 30, 2020”.

  • The representations and warranties set out in Clause 18.23 ( Existing Subordinated Debts) are deemed to be made by each Obligor on the Effective Date (as defined in the Third Amendment Deed) by reference to the facts and circumstances then existing.


More Definitions of Subordinated Debts

Subordinated Debts is amended to read as follows:
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Subordinated Debts means the amount of the financing received which, for the purposes of priority payment, is below the common debts. This category also includes financial instruments issued by us that, although they constitute actions for legal purposes, do not meet the requirements for classification as shares.
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Related to Subordinated Debts

  • Subordinated Debt means any debt incurred by Borrower that is subordinated to the debt owing by Borrower to Bank on terms acceptable to Bank (and identified as being such by Borrower and Bank).

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Secured Debts shall refer to any and all direct or indirect losses and loss of projectable benefits as may be suffered by the Pledgee as a result of any Event of Default (as defined below) of the Pledgor and/or the Domestic Company; and all costs as may be incurred by the Pledgee in connection with its enforcement of the performance of the Contractual Obligations by the Pledgor and/or the Domestic Company and the costs of realization of the Pledge.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.