Subordinated Loan definition

Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.
Subordinated Loan means a loan obligation of any corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not a Second Lien Loan or a First Lien/Last Out Loan.

Examples of Subordinated Loan in a sentence

  • The Administrator undertakes that it will open and maintain in the books of the CBC the following ledgers (the "Ledgers") (i) in respect of amounts received in or withdrawn from the CBC Account: the Revenue Ledger, the Principal Ledger and the Subordinated Loan Interest Deficiency Ledger and (ii) in the event the CBC enters into a Swap Agreement, in respect of amounts forming part of the Swap Replacement Amounts received in or withdrawn from the Swap Collateral Account: the Swap Replacement Ledger.


More Definitions of Subordinated Loan

Subordinated Loan has the meaning set forth in Section 1.2(a).
Subordinated Loan has the meaning set forth in the Sale Agreement.
Subordinated Loan shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.
Subordinated Loan has the meaning set forth in Section 1.3(a) of the Agreement.
Subordinated Loan means the loan evidenced by the Subordinated Note.
Subordinated Loan shall have the meaning ascribed to it in Section 2.1.
Subordinated Loan means any loan made to, or debt instrument issued by, the Borrower, under a Subordinated Loan Agreement, the Revolving Credit Agreement or any other document or instrument, which is subordinated to the rights and claims of the Finance Parties in accordance with the Subordination Agreement.