Subordinated Note definition

Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as an exhibit to the Indenture, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

Subordinated Note means a promissory note in substantially the form of Exhibit VI hereto as more fully described in Section 1.2 of the Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Examples of Subordinated Note in a sentence

• To the extent that Chase Card Funding elects to remit to JPMCB an amount greater than the Purchase Price of such Receivables, net of any Purchase Price Adjustment, JPMCB shall first apply such amount to the payment of the unpaid principal of the Subordinated Note, if any.

• If, after giving effect to any such payment in respect of the Subordinated Note, JPMCB has received an amount greater than the Purchase Price, net of any Purchase Price Adjustment, JPMCB shall retain such amounts and, at the option of Chase Card Funding (x) issue its note to Chase Card Funding with terms substantially similar to the terms of the Subordinated Note or (y) subject to applicable legal restrictions and internal approvals, elect to treat such amounts as a dividend or return of capital to JPMCB.

More Definitions of Subordinated Note

Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

Subordinated Note or “Subordinated Notes” means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

Subordinated Note means each revolving promissory note issued by the Seller to the Originator under the Purchase Agreement.

Subordinated Note means that certain $[ ] subordinated promissory note, dated [ ], issued by Borrower to Subordinated Creditor, as amended, restated, supplemented or otherwise modified from time to time.

Subordinated Note has the meaning specified therefor in the Recitals hereto.

Subordinated Note shall have the meaning specified in the Receivables Purchase Agreement.

Subordinated Note shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.