Subordinated Investment definition

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 the 7.25% unsecured subordinated notes due 2023 issued by Denali to Microsoft Global Finance.
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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

  • Hygiene kits (including soap) will be distributed to the Refugees to ensure their health conditions.

  • Any Subordinated Investment Management Fee (i) deferred by the Investment Manager pursuant to Section 11.1(f) and the Investment Management Agreement or (ii) not paid because funds are not available in accordance with the Priority of Payments on a Payment Date.

  • This announcement is neither an offer to sell nor a solicitation of an offer to buy Subordinated Investment Notes.

  • Prepetition, Stellus served as Mezzanine Lender and was party to the Stellus Prepetition Subordinated Investment Agreement with the First DIP Lenders.

  • The funds required to complete the merger and to pay related fees and expenses are to be provided from the proceeds of: - the Company's issuance of Subordinated Investment Notes; - a credit facility for up to $20 million; and - from working capital.

  • All amounts on deposit in the Reserve Account shall at such time as the Paying Agent shall have actual knowledge of the occurrence and continuance of a Liquidation Event be paid by the Paying Agent on the next following Settlement Date (A) to Senior Purchaser to reduce the Senior Investment until reduced to zero or (B) if the Senior Investment shall then be zero, to the Subordinated Purchaser to reduce the Subordinated Investment also until reduced to zero.

  • Based on the significantly different positions of Stellus and other general unsecured creditors, including the desire to resolve any and all causes of action in connection with the Stellus Prepetition Subordinated Investment Agreement, separate classification of the Stellus Unsecured Claims and General Unsecured Claims is appropriate.

  • In connection with the Stellus Prepetition Subordinated Investment Agreement, SSDA, as borrower, issued a subordinated PIK promissory note to the Mezzanine Lender (the “Stellus Prepetition Subordinated Note”) pursuant to which the Mezzanine Lender provided the Debtors with unsecured subordinated debt in the principal amount of $13 million.

  • The Subordinated Investment Corporation Bonds are hybrid bonds (a means of capital procurement positioned between liabilities and equity) with the following characteristics.

  • On the other hand, the payment of principal and interest on the Subordinated Investment Corporation Bonds has been arranged in a way that it will be subordinated to the Investment Corporation’s general debt after grounds for subordination are found, but due to its character as the debt of the Investment Corporation, it will take seniority to unitholders’ rights to demand distribution of residual assets.


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:

  • 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 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.

  • 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.

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

  • 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, 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 of the Company 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 Company and the Securitization Subsidiary, (b) all sales and/or contributions of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Company) and (c) the financing terms, covenants, termination events and other provisions thereof, including any Standard Securitization Undertakings, shall be market terms (as determined in good faith by the Company). The grant of a security interest in any Securitization Assets of the Company or any of the Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under this Agreement prior to engaging in any Securitization Financing 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.

  • Qualified Investments means any of the following if and to the extent permitted by law:

  • Permitted Investments means: