Subordinated Funding definition

Subordinated Funding means any loan made to any Obligor by any member of the Group, that is not an Obligor which:

Subordinated Funding has the meaning given to that term in the Senior Facilities Agreement.

Subordinated Funding means any Indebtedness made available to any member of the Bank Group by any member of the Wider Group that is not a member of the Bank Group provided that, either pursuant to its terms or pursuant to an agreement with respect thereto, such Indebtedness is subordinated in right of payment to the prior payment of the Indebtedness under the Loan Documents on terms that are reasonably satisfactory to the Administrative Agent.

Examples of Subordinated Funding in a sentence

• Notwithstanding any of the foregoing, Consolidated Net Interest Expense shall not include (i) any non-cash interest expense in respect of Deeply Subordinated Funding, (ii) any commissions, discounts, yield and other fees and charges related to any Qualified Securitization Financing and (iii) any payments on any operating leases.

• Subject to Articles [3.19 to 3.21], the Company shall take such action as the B Director may direct to secure cost efficiencies or otherwise increase the net financial performance of the Company, provided that no Trigger Event would arise as a result and subject to the obligations and restrictions on the Company set out in the Senior Funding Agreements and/or the Subordinated Funding Agreements.

• Any Subordinated Funding shall, within 10 Business Days following the date it is made available, be subject to security in a form acceptable to the Agent (acting reasonably).

• Create, incur, assume or suffer to exist any Indebtedness, other than (a) Indebtedness under the Loan Documents, the Commitment Letter and the Interim Facility Fee Letter, (b) any Indebtedness arising from obligations under or in connection with the Acquisition or contemplated by the Structure Memorandum, (c) Subordinated Funding, and (d) Indebtedness approved by the Required Lenders.

• The G Facility Advances will be used for general corporate purposes and working capital purposes, including but not limited to the making of an upstream loan, repayment of Subordinated Funding and/or payment of upstream dividends by any member of the Bank Group in respect of its share capital in accordance with the terms of the Credit Agreement.

More Definitions of Subordinated Funding

Subordinated Funding means any loan or other debt financing from any person to the Issuer provided that such loan or other debt financing:

Subordinated Funding means any loan made to any TCN Group Obligor by any member of the Group that is not a TCN Group Obligor or by any member of the Flextech Group which:

Subordinated Funding means any Financial Indebtedness made available to Bidco Parent (and on lent by Bidco Parent to Bidco) or directly to a member of the Group by any member of the Wider Group that is not a member of the Group which:

Subordinated Funding means the amount of not less than USD122 million to be subscribed by the Subordinated Funding Provider to the Company for notes under the Subordinated Funding Agreement.

Subordinated Funding means the Base Subordinated Funding, the Contingent Subordinated Funding and the amount (if any) by which the Subordinated Funding is increased pursuant to paragraph 15.2.1(c) of Part B of Schedule 5 (Covenants).

Subordinated Funding means any Financial Indebtedness made available to any member of the Bank Group by any member of the Wider Group that is not a member of the Bank Group which:

Subordinated Funding means any Indebtedness made available to the Borrower by any member of the Wider Group provided that, either pursuant to its terms or pursuant to an agreement with respect thereto, such Indebtedness is subordinated in right of payment to the prior payment of the Indebtedness under the Loan Documents on terms that are reasonably satisfactory to the Agent.