Subordinated Investment definition

Subordinated Investment means the 7.25% unsecured subordinated notes due 2023 issued by Denali to Microsoft Global Finance.
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Subordinated Investment means a Portfolio Investment that: (i) is a Debt Security (including convertible debt Securities (other than the “in-the-money” equity component thereon) (a) issued by public or private Issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule I44A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same Issuer and (ii) that is not a First Lien Debt Investment, a Second Lien Debt Investment, High Yield Debt Security, Last Out Debt Investment or a Covenant Lite Debt Investment.
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Subordinated Investment means any Investment held, directly or indirectly, by the Company or one of its Subsidiaries that is subordinated in right of payment to the prior payment in full of a Senior Investment Interest, whether or not such Senior Investment Interest is held by the Company or any of its Subsidiaries.
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Examples of Subordinated Investment in a sentence

  • Applying for a Consular Report of Birth Abroad of a U.S. Citizen To apply for a Consular Report of Birth Abroad, at least one parent/guardian and the child must appear at the U.S. Embassy.

  • Redirection of funds to reinvestment The Investment Manager may, pursuant to the Priorities of Payment, redirect funds (including by deferring or designating for reinvestment some or all of its Senior Investment Management Fees and/or Subordinated Investment Management Fees) to be applied toward the acquisition of additional Collateral Debt Obligations (if designated for reinvestment) or the payment of lower ranking amounts pursuant to the Interest Proceeds Priority of Payments if deferred.

  • In addition, the Investment Manager may, in its discretion, elect to defer any amount of the Senior Investment Management Fee and/or the Subordinated Investment Management Fee and/or the Incentive Investment Management Fee.

  • Deferral of Investment Management FeesIf amounts distributable on any Payment Date in accordance with the Priorities of Payment are insufficient to pay the Senior Investment Management Fee and/or the Subordinated Investment Management Fee and/or the Incentive Investment Management Fee in full, then a portion of the fee equal to the shortfall will be deferred and will be payable on subsequent Payment Dates on which funds are available but subject to and in accordance with the Priorities of Payment.

  • Business Relationship:DSGI holds First Series Unsecured Subordinated Investment Corporation Bonds with Early Redemption Clause (limited to Qualified Institutional Investors), and receives interests on this subordinated bonds.Moreover, DSGI has entered into a sponsor support agreement withDREAM.

  • Subordinated Investment, namely a loan meeting requirements as follows.

  • Subordinated Investment in Sharia bank monthly statement is known subordinated loan.

  • Xxxxxx Title: Managing Member, Co-Chair and Founder Appendix 1 Terms of the Offering 1 Summary Set forth below is a summary of the terms pursuant to which the National Energy Improvement Fund, LLC (“NEIF” or the “Company”), intends to offer (the “Offering”) certain Unsecured Subordinated Investment Notes (“Notes”).

  • In both cases our experience of developing business cases demonstrate that for these types of schemes to work there is a need for around 20 properties to be connected.

  • Moreover, if Chenavari Credit Partners LLP were to cease being the Investment Manager, it may be difficult to find a replacement Investment Manager on account of the fact that the Investment Manager has agreed to waive or otherwise not receive a portion of what would otherwise have constituted the Subordinated Investment Management Fee, which instead will be payable to the Class M-2 Noteholders by way of interest distribution (see "Certain Conflicts of Interest– Investment Manager" below).


More Definitions of Subordinated Investment

Subordinated Investment means at any time with respect to the ----------------------- Subordinated Interest an amount equal to the aggregate of the amounts theretofore paid to Seller for Purchases in respect of the Subordinated Interest pursuant to Section 1.01, minus the aggregate amount of Collections received and ------------ ----- actually distributed to Subordinated Purchaser to reduce the Subordinated Investment pursuant to Article III. -----------
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Related to Subordinated Investment

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Authorized Investment means any type of instrument, security, participation or other property in which Cash Collateral may be invested or reinvested, as described in Section 5(f) hereof and Appendix 4 hereto (and as such Appendix may be amended from time to time by written agreement of the parties).

  • 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.

  • Restricted Investments means all Investments except the following:

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated in right to the Loan Obligations.

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

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

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Guaranteed Investment Contract With respect to any Series (or Class within such Series), a guaranteed investment contract or surety bond provided for in the related Series Supplement, Granted as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement.

  • Permitted Investor means collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital Partners III-C, LP and Energy Capital Partners-D, LP, Quantum Strategic Partners, and each of their Permitted Transferees (as defined in the Investors Agreement, dated as of March 29, 2018, by and among the Parent and the other signatories thereto).

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (a) the Board of Directors shall have determined in good faith that such Qualified Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and the Securitization Subsidiary, (b) all sales of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Issuer) and (c) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Issuer) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Issuer or any of its Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under the Credit Agreement and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Permitted Investors the collective reference to the Sponsor and its Control Investment Affiliates.

  • Investments as defined in Section 7.8.

  • covered investment means, with respect to a Party, an investment in its territory of an investor of the other Party in existence as of the date of entry into force of this Treaty or established, acquired, or expanded thereafter.

  • regulated investment companies (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the "Policies"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the "1940 Act") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Permitted Investments means:

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).