Subordinated Financing definition

Subordinated Financing means any Subordinated Indebtedness which is Material Indebtedness.

Subordinated Financing means, collectively, any funds provided to the Parent pursuant to any security, instrument or agreement, other than Capital Stock, and the net proceeds of which are contributed by Parent to Holdings and by Holdings to the Swedish Borrower, and that pursuant to its terms: (a) does not (including upon the happening of any event (other than customary prepayment or redemption events upon the occurrence of a fundamental change, asset purchase offer, acceleration upon event of default and purchase offer in case of rejection of convertible bond terms by registrar)) mature or require any amortization prior to the date falling four months after the maturity of the Initial Term Loans (other than through conversion or exchange of any such security or instrument for Capital Stock that is not Disqualified Stock or for any other security or instrument meeting the requirements of this definition), (b) does not (including upon the happening of any event (other than customary prepayment or redemption events upon the occurrence of a fundamental change, asset purchase offer, acceleration upon event of default and purchase offer in case of rejection of convertible bond terms by registrar)) require the payment in cash or otherwise, of interest prior to the date falling four months after the maturity of the Facilities (provided that interest may accrete while such Subordinated Financing is outstanding and accretion interest may become due upon maturity as permitted by clause (a) or acceleration of maturity and any interest may be satisfied at any time by the issue to the holders thereof of additional Subordinated Financing), (c) is not secured by a Lien or any assets of the Parent or a Restricted Subsidiary and is not guaranteed by any Restricted Subsidiary of the Parent, (d) is contractually subordinated and junior in right of payment to the prior payment in full in cash of all obligations (including principal, interest, premium (if any) and additional amounts (if any)) of the Borrowers and the Loan Parties under the Facilities pursuant to the Intercreditor Agreement and (e) is not (including upon the happening of any event) mandatorily convertible or exchangeable, or convertible or exchangeable at the option of the holder, in whole or in part, prior to the date on which the Facilities mature other than into or for Capital Stock of the Parent that is not Disqualified Stock.

Subordinated Financing has the meaning specified in Section 7.15(a).

Examples of Subordinated Financing in a sentence

• The Obligations are “Designated Senior Debt,” “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in, any Subordinated Financing Documentation in respect of Indebtedness that is subordinated in right of payment to the Obligations.

• In arranging and syndicating the Senior Subordinated Financing, the Lender will be using and relying on the Information and the Projections without independent verification thereof.

• The Lender's commitment hereunder to provide the Senior Subordinated Loan shall terminate, unless expressly agreed to by the Lender in its sole discretion to be extended to another date, on the earlier of (A) December 15, 1999 if the Senior Subordinated Financing has not been funded (other than as a result of failure of the Lender to fulfill its obligations hereunder), and (B) the termination of the Acquisition Agreement in accordance with its terms.

• The making of the Senior Subordinated Financing will be governed by definitive loan (or an indenture or note agreement in the case of a note financing) and related agreements and documentation (collectively, the "Financing Documentation") in form and substance reasonably satisfactory to the Lender.

• The pro forma consolidated capital structure of the Company, after giving effect to the Recapitalization, shall be consistent with the capital structure contemplated herein, and other than the Senior Subordinated Financing, the Bank Financing and other indebtedness reasonably satisfactory to the Lender, the Company, after giving effect to, and upon consummation of, the Recapitalization, shall have no outstanding indebtedness for money borrowed.

More Definitions of Subordinated Financing

Subordinated Financing means the issuance of the Subordinated Debt and of 50,000 shares of Common Stock of the Borrower, in each case, to Equinox and/or its Affiliates.

Subordinated Financing subordinated financing with terms and conditions at then prevailing market standards for companies similarly situated and otherwise reasonably satisfactory to the Majority Lenders.

Subordinated Financing means the Subordinated Loans and the ---------------------- Subordinated Debt.

Subordinated Financing means the financing pursuant to the ---------------------- Subordinated Notes and the Subordinated Notes Documents.

Subordinated Financing means subordinated debentures issued by FIBS, whether in one or more transactions commonly known as trust preferred transactions or otherwise, in an aggregate amount of not less than $100 million and qualifying as Tier 1 capital of FIBS.

Subordinated Financing has the meaning set forth in the Recitals.

Subordinated Financing has the meaning ascribed thereto in paragraph 9 of Schedule F.