Subordinated Note Obligations definition

Subordinated Note Obligations means any principal of, premium, if any, and interest on the Notes payable pursuant to the terms of the Notes or upon acceleration, together with and including any amounts received upon the exercise of rights of rescission or other rights of action (including claims for damages) or otherwise, to the extent relating to the purchase price of the Notes or amounts corresponding to such principal, premium, if any, or interest on the Notes.

Subordinated Note Obligations means the obligations of the Company to pay principal and interest on the Subordinated Note and all fees, costs, expenses and indemnities for which the Company is liable in connection therewith.

Subordinated Note Obligations means any and all obligations of the Issuer under the Agreement with respect to the Subordinated Notes and under the Subordinated Notes, including, without limitation, the obligation to pay principal, premium, if any, interest, expenses, attorneys’ fees and disbursements, indemnities and other amounts payable thereunder or in connection therewith, in each case to the extent provided for under this Agreement or the other Note Documents.

Examples of Subordinated Note Obligations in a sentence

• The payment of Subordinated Note Obligations will be subordinated in right of payment, as set forth in the Indenture, to the prior payment in full in cash or cash equivalents of all Senior Indebtedness, whether outstanding on the date of the Indenture or thereafter incurred.

• Subject to the payment in full of all Senior Indebtedness in cash equivalents, the Holders shall be subrogated (equally and ratably with the holders of all Pari Passu Indebtedness of the Company) to the rights of the holders of such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the Subordinated Note Obligations shall be paid in full.

• Subject to the payment in full of all Senior Indebtedness in cash or cash equivalents, the Holders shall be subrogated (equally and ratably with the holders of all Pari Passu Indebtedness of the Company) to the rights of the holders of such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the Subordinated Note Obligations shall be paid in full.

• The Company shall promptly notify the Trustee and the Paying Agent of any facts known to the Company that would cause a payment of any Subordinated Note Obligations to violate this Article 10, but failure to give such notice shall not affect the subordination of the Notes to the Senior Debt as provided in this Article 10.

• The payment of Subordinated Note Obligations will be subordinated in right of payment, as set forth in the Indenture, to the prior payment in full in cash or cash equivalents of all Senior Indebtedness, whether outstanding on the Original Issuance Date or thereafter incurred.

More Definitions of Subordinated Note Obligations

Subordinated Note Obligations means all Obligations with respect to the Notes, including, without limitation, principal, premium, if any, interest and liquidated damages, if any, payable pursuant to the terms of the Notes (including, without limitation, upon the acceleration or redemption thereof), together with and including, without limitation, any amounts received or receivable upon the exercise of rights of rescission or other rights of action, including, without limitation, claims for damages, or otherwise.

Subordinated Note Obligations means all Obligations with respect to the Class A Senior Subordinated Notes or the Class B Senior Subordinated Notes, as applicable, including, without limitation, principal, premium, if any, and interest payable pursuant to the terms of the Class A Senior Subordinated Notes or the Class B Senior Subordinated Notes (including upon the acceleration or redemption thereof), as applicable, together with and including any amounts received or receivable upon the exercise of rights of rescission or other rights of action, including claims for damages, or otherwise. We will promptly notify holders of Senior Indebtedness if payment of the New Senior Subordinated Notes is accelerated because of an Event of Default. As a result of the subordination provisions described above, in the event of a liquidation or insolvency, holders of New Senior Subordinated Notes may recover less ratably than creditors of Merrill who are holders of Senior Indebtedness. See "Risk Factors—Risks Associated with the New Securities—Because the New Senior Subordinated Notes and guarantees will rank behind our and the subsidiary guarantors' secured and senior indebtedness, respectively, holders of New Senior Subordinated Notes may receive proportionately less than holders of our secured and senior debt in a bankruptcy, liquidation, reorganization or similar proceeding." Guarantees Our payment obligations under the New Senior Subordinated Notes will be jointly and severally guaranteed by the Guarantors. The Guarantee of each Guarantor will be subordinated to the prior payment in full in cash or cash equivalents of all Senior Indebtedness of that Guarantor, including that Guarantor's borrowings under, or guarantee of, the Credit Facility and, in the case of the Class B Guarantees, the New Senior Discount Notes, the guarantees of the New Senior Discount Notes by the subsidiaries of Merrill Communications and the Class A Guarantees to the same extent that the Class A Senior Subordinated Notes or the Class B Senior Subordinated Notes, as applicable, are subordinated to Senior Indebtedness of Merrill. The obligations of each Guarantor under its Guarantee will be limited so as not to constitute a fraudulent conveyance under applicable law. See "Risk Factors—Risks Associated with the New Securities—Federal and state statutes allow courts, under specific circumstances, to void guarantees and require holders to return payments received from guarantors." No Guarantor may consolidate with or merge with or...

Subordinated Note Obligations means all Obligations with respect to the Notes, including, without limitation, principal, premium, if any, interest and Liquidated Damages, if any, payable pursuant to the terms of the Notes (including upon the acceleration or redemption thereof), together with and including any amounts received or receivable upon the exercise of rights of rescission or other rights of action (including claims for damages) or otherwise.

Subordinated Note Obligations means all Obligations of the Company with respect to the Subordinated Notes.

Subordinated Note Obligations means any principal of, premium, if any, and interest on the Notes payable pursuant to the terms of the Notes or upon acceleration, together with and including any amounts received upon the exercise of rights of rescission or other rights of action, including claims for damages, or otherwise, to the extent relating to the purchase price of the Notes or amounts corresponding to such principal, premium, if any, or interest on the Notes.

Subordinated Note Obligations means all Obligations with respect to the Notes, including, without limitation, principal, premium (if any), interest and Liquidated Damages payable pursuant to the terms of the Notes (including upon the acceleration or redemption thereof), together with and including any amounts received or receivable upon the exercise of rights of rescission or other rights of action (including claims for damages) or otherwise. A "distribution" or "payment" may consist of a distribution, payment or other transfer of assets by or on behalf of any Issuer (including, without limitation, a redemption, repurchase or other acquisition of the Notes) from any source, of any kind or character, whether in cash, securities or other property, by set-off or otherwise.

Subordinated Note Obligations means the Subordinated Note Debt and all other Obligations of the Company and the Subsidiary Guarantors (including all interest accrued thereon after the commencement of any insolvency or liquidation proceeding at the rate, including any applicable post-default rate, specified in the Subordinated Note Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding) in respect of the Subordinated Note Debt.