Subordinated Default means a default in the payment of the Subordinated Indebtedness, or performance of any term, covenant or condition contained in the Subordinated Indebtedness Documents or the occurrence of any event or condition, which default, event or condition permits any Subordinated Creditor to accelerate or demand payment of all or any portion of the Subordinated Indebtedness.
Subordinated Default. NOTICE shall mean a written notice to Agent pursuant to which Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default. SUBORDINATED INDEBTEDNESS shall mean all of the obligations of Obligors (including Subordinated Obligor) to Subordinated Creditors pursuant to or evidenced by the Subordinated Note and the other Subordinated Indebtedness Documents. SUBORDINATED INDEBTEDNESS DOCUMENTS shall mean the Subordinated Note and all other documents and instruments executed in connection with the Subordinated Note or otherwise evidencing or pertaining to any portion of the Subordinated Indebtedness, as amended, supplemented, restated or otherwise modified from time to time as permitted hereunder.
Subordinated Default means any “Event of Default” as that term is defined in the Subordinated Loan Documents.
Examples of Subordinated Default in a sentence
Events of Default (Condition 11.1) / Subordinated Default Events (Condition 11.3) / Illegality (Condition 7.10): (a) Early Termination Amount:Outstanding Principal Amount37.
More Definitions of Subordinated Default
Subordinated Default means any Subordinated Payment Default or Subordinated Covenant Default.
Subordinated Default means any “default” or “event of default” under any Subordinated Loan Document.
Subordinated Default. An "Event of Default" as defined in the Subordinated Agreement or the Subordinated Notes, or a default or event of default under any of the other Subordinated Documents.
Subordinated Default means an event of default (howsoever denominated) under any of the Subordinated Finance Documents.
Subordinated Default means any Default or Event of Default arising under the Subordinated Documents.
Subordinated Default. NOTICE shall mean a written notice to Agent pursuant to which Agent is notified of the existence of a Subordinated Default, which notice incorporates a reasonably detailed description of such Subordinated Default. SUBORDINATED INDEBTEDNESS shall mean all of the obligations of Obligors (including Subordinated Obligor) to Subordinated Creditors evidenced by the Subordinated Purchase Agreement, the Subordinated Debentures and all other amounts now or hereafter owed by Obligors to Subordinated Creditors pursuant to the Subordinated Indebtedness Documents. SUBORDINATED INDEBTEDNESS DOCUMENTS shall mean the Subordinated Debenture(s), Subordinated Purchase Agreement, and Warrants in favor of the Subordinated Creditors, in each case, dated June 20, 2006, and all other documents and instruments evidencing or pertaining to any portion of the Subordinated Indebtedness, as amended, supplemented, restated or otherwise modified from time to time as permitted hereunder.
Subordinated Default means the occurrence and continuance of any “[Default]”, as such term currently is defined in the Subordinated Debt Agreements.