Subordinated Interests definition
Examples of Subordinated Interests in a sentence
Upon the delivery of the items listed in clauses (a) through (d) above, the existing Exchangeable Company Interest and the applicable Series Subordinated Interests, as the case may be, shall be deemed cancelled, the Trustee shall issue the applicable Series of Investor Certificates, dated the Exchange Date, and the applicable Series Subordinated Interests and the new Exchangeable Company Interest shall be deemed duly created, in each case as provided above.
Upon the delivery of the items listed in clauses (a) through (f) above, the existing Exchangeable Company Interest and the applicable Series Subordinated Interests, as the case may be, shall be deemed adjusted as of the Exchange Date, and the new Series Subordinated Interests, if any, shall be deemed duly created as of the Exchange Date, in each case as provided above.
The Company hereby agrees to maintain ownership of the Series 2000-1 Subordinated Interests, subject to increase or decrease during the Series 2000-1 Revolving Period, in accordance with Section 2.05 or Section 2.07 (as applicable).
Subordinated Members shall not make any Capital Contributions to the Company for their respective Subordinated Interests.
CompuCom represents to Administrative Secured Party that no other security interests, liens, financing statements or other encumbrances exist or shall be allowed to exist with respect to any of the Collateral, except the Permitted Subordinated Interests and perfected rights, if any, in returned inventory in favor of any Person who is a seller of inventory to CompuCom, existing as of the Effective Date.