Subordinated Funding definition

Subordinated Funding means any loan made to any Obligor by any member of the Group, that is not an Obligor which:
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Subordinated Funding has the meaning given to that term in the Senior Facilities Agreement.
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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.
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Examples of Subordinated Funding in a sentence

  • The Company shall procure that any monies which are at any time contributed by any member of the Group to any member of the Bank Group shall be contributed by way of Subordinated Funding, by way of an investment through capital contribution or a subscription or issuance of securities or convertible unsecured loan stock in the relevant member of the Bank Group.

  • The Parent shall in turn ensure that any such Subordinated Funding received by it is contributed to the other members of the UK Group by way of Parent Funding.

  • If the Company’s monthly management-prepared projections indicate a negative cash position (a “Liquidity Shortfall”) in any month ending on or prior to December 31, 2018 (a “Shortfall Month”), then the Company shall issue, prior to the commencement of such Shortfall Month, Equity Interests not constituting Disqualified Equity Interests and/or incur Subordinated Funding resulting in Equity Proceeds in an amount at least equal to the Liquidity Shortfall.

  • Telewest UK shall procure that any monies which are at any time contributed by any member of the Group to any member of the TCN Group shall be contributed by way of Subordinated Funding, by way of an investment through capital contribution or a subscription of securities or convertible unsecured loan stock in the relevant member of the TCN Group.

  • 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.

  • Save as the Lender may be deemed to transfer its rights under this Agreement to the Trustee pursuant to the Assignment Agreement or pursuant to any Permitted Subordinated Funding Loan Assignment Agreement, neither party to this Agreement may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other and, for so long as any Notes are outstanding, only if such assignment is permitted under and made in accordance with the terms of the Indenture.

  • As of each Advance Date, no Forecast Funding Shortfall (determined in the case of the Initial Advance under the Term Loan Facilities without taking account of any amount of Net Operating Cashflow in excess of the Base Net Operating Cashflow Amount, any amount of Contingent Equity, any amount of Contingent Subordinated Funding or any amount of the Contingent Debt Facilities) has occurred and is continuing or could reasonably be expected to result from any Advance proposed to be made thereon.

  • The Borrower waives any right it may have in any jurisdiction to pay any amount under any Subordinated Funding Loan Document in a currency other than that in which it is expressed to be payable in that Subordinated Funding Loan Document.

  • 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).

  • Liens over the Subordinated Intercompany Funding Loan and/or any Permitted Subordinated Funding Loan, in each case, securing any obligations of the Issuer under this Indenture, the Notes, or any Permitted Secured Public Indebtedness (and in the case of such Liens securing Permitted Secured Public Indebtedness, subject to and upon receipt of any required consent under the Existing Intercreditor Deed).


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:
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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:
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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:
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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).
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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.
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Related to Subordinated Funding

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinated Indebtedness means the collective reference to any Indebtedness of the Borrower or any Restricted Subsidiary subordinated in right and time of payment to the Obligations and containing such other terms and conditions, in each case as are satisfactory to the Required Lenders.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.