Subordinated Note Debt definition

Subordinated Note Debt means Falcon's Indebtedness for Money Borrowed in the aggregate outstanding principal amount of $100,000,000 incurred pursuant to the Subordinated Note Documents.
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Subordinated Note Debt has the meaning specified in Section 7.01.
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Subordinated Note Debt means and includes all Obligations of each of the Issuers now or hereafter existing, whether fixed or contingent, in respect of principal, interest (including interest accruing after the filing of a petition under the Bankruptcy Law, to the extent allowed), fees, indemnification or any other amount in respect of the Subordinated Debt Documents.
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Examples of Subordinated Note Debt in a sentence

  • Neither the Trustee nor any Holder shall accept or receive any direct or indirect payment of or on account of the Subordinated Note Debt until the Senior Debt has been paid if full.

  • The Issuers shall give prompt written notice to each holder of Subordinated Note Debt to the address specified in the [describe applicable debt register] as of the date of such notice of its knowledge of facts that would give rise to any Senior Payment Default; provided, however, that the effectiveness of this Section 1.3 on the Issuers shall not be affected by any failure to deliver any such notice.

  • All payments in respect of Subordinated Note Debt postponed during any Payment Blockage Period shall be immediately due and payable upon the termination thereof (together with such additional interest and other payments as is provided for herein and in the Notes for late payment of principal and interest or an Event of Default).

  • Each of the Issuers acknowledges that at the time of any payment or distribution by any Issuer of cash, securities or other property, by set-off or otherwise, on account of the Obligations consisting of, or in respect of, the Subordinated Note Debt, the Issuers shall be deemed to confirm in each instance that such Issuer is not subject to any Senior Payment Default at the time of such payment or distribution, unless the Issuers shall provide written notice to the contrary.

  • All payments in respect of Subordinated Note Debt postponed during any Payment Blockage Period shall be immediately due and payable upon the termination thereof (together with such additional interest and other payments as is provided for herein and in the Subordinated Debt Documents for late payment of principal and interest or an Event of Default).

  • The Issuers shall give prompt written notice to each holder of Subordinated Note Debt to the address specified in the Security Register as of the date of such notice of its knowledge of facts that would give rise to any Senior Payment Default; provided, however, that the effectiveness of this Section 11.3 on the Issuers shall not be affected by any failure to deliver any such notice.

  • The Issuers shall give prompt written notice to each holder of Subordinated Note Debt of its receipt of any Nonpayment Default Notice under this Section 1.4.

  • All payments in respect of Subordinated Note Debt postponed during any Senior Payment Default shall be immediately due and payable upon the occurrence of a Cure Event with respect to such Senior Payment Default (together with such additional interest and other payments as is provided for herein and in the Notes for late payment of principal and interest or an Event of Default).

  • Subordinated Note Debt - Falcon's Indebtedness for Money ---------------------- Borrowed in the aggregate outstanding amount of $100,000,000 incurred pursuant to the Subordinated Note Documents.

  • All rights of subrogation (whether arising under this Section 1, by contract, in law, in equity or otherwise) of the holders of the Subordinated Note Debt are subordinated and subject in right of payment to the Senior Debt in the same manner as the Subordinated Note Debt is subordinated to the Senior Debt under Section 1.1.


More Definitions of Subordinated Note Debt

Subordinated Note Debt means Falcon's Indebtedness ---------------------- for Money Borrowed in the aggregate outstanding amount of $100,000,000 incurred pursuant to the Subordinated Note Documents.
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Subordinated Note Debt means the Indebtedness of the Loan Parties pursuant to the Subordinated Note Debt Documents.
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Related to Subordinated Note Debt

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • 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 Notes Indenture means that certain Subordinated Debenture Indenture between DH (f/k/a NGC Corporation) and First National Bank of Chicago, as Debenture Trustee, dated as of May 28, 1997 (as amended, restated and supplemented through the Petition Date).

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • 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.