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.
Subordinated Loans means any loan made to the Issuer as debtor, if such loan:
Subordinated Loans means new capital raised by the Issuer by way of subordinated loans pursuant to the Intercreditor Agreement, with (i) shall have a maturity after the Final Redemption Date, including the optional extension period (ii) be contractually subordinated to the Bonds and (iii) include terms that entail that the Subordinated Loans are structured as bullet loans and that interest is only payable after the Final Redemption Date (as extended).
Examples of Subordinated Loans in a sentence
The Subordinated Loans shall bear interest and be payable as provided in the Subordinated Note.
Seller will not incur or permit to exist any Indebtedness or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue.
The Subordinated Loans shall be evidenced by, and shall be payable in accordance with the terms and provisions of the Subordinated Note and shall be payable solely from funds which Buyer is not required under the Purchase Agreement to set aside for the benefit of, or otherwise pay over to, the Purchasers.
All advances pursuant to this Section 6.10 (including any Applied Fees) shall be Subordinated Loans repayable without interest in accordance with the provisions of Article X.
Form 1, Statement F [Statement of Changes in Subordinated Loans]; and2.
More Definitions of Subordinated Loans
Subordinated Loans means any loan incurred by the Issuer or US HoldCo, where the Issuer or US HoldCo is the debtor, if such loan (a) according to its terms and pursuant to a subordination agreement on terms and conditions satisfactory to the Agent, is subordinated to the obligations of the Issuer under the Terms and Conditions, (b) according to its terms has a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Maturity Date, and (c) according to its terms yield only payment-in-kind interest.
Subordinated Loans means any loan made to the Issuer, if such loan:
Subordinated Loans any Indebtedness that is subordinated to the payment in full of the Obligations on terms and conditions satisfactory to the Administrative Agent.
Subordinated Loans means at any time the aggregate of any loans outstanding to the Subordinated Creditor from the Borrower
Subordinated Loans means debt financing provided to the Issuer that;
Subordinated Loans means approved loans, pursuant to an agreement in writing in the form prescribed by the Corporation, the payment of which is deferred in favour of other creditors and is subject to regulatory approval.FORM 1 – PART I – NOTES (Member Name) NOTES TO THE FORM 1 FINANCIAL STATEMENTS at FORM 1, PART IIREPORT ON COMPLIANCE FOR INSURANCE AND SEGREGATION OF CASH AND SECURITIESTo: The Mutual Fund Dealers Association of Canada (the Corporation) and the Corporation MFDA Investor Protection CorporationIPF: We have performed the following procedures in connection with the regulatory requirements for (Member firm)to maintain minimum insurance and segregate client cash and securities as outlined in the By-laws, Rules, and Policies of the Corporation. Compliance with the Corporation By-laws, Rules, and Policies with respect to insurance and the segregation of client cash and securities is the responsibility of the management of the Member firm. Our responsibility is to perform the procedures requested by you. 1. We have read the Member firm’s written internal control policies and procedures with respect to maintaining insurance coverage and segregation of client cash and securities to determine that such policies and procedures meet the minimum required, as prescribed by the Rules and Policies of the Corporation in regards to establishing and maintaining adequate internal controls. 2. We obtained representation from appropriate senior management of the Member firm that the Member firm’s internal control policies and procedures with respect to insurance and segregation of client cash and securities meet the minimum required, as prescribed by the Rules Policies of the Corporation in regards to establishing and maintaining adequate internal controls and that they have been implemented.