Subordinated Securities definition

Subordinated Securities means Securities that by the terms established pursuant to Subsection 2.3(9) are subordinated in right of payment to Senior Indebtedness of the Issuer.

Subordinated Securities means Securities that by the terms established pursuant to Subsection 301(10) are subordinate to any specified debt of the Company.

Subordinated Securities means Securities that by the terms established pursuant to Section 2.02(i) are subordinated in right of payment to Senior Debt of the Company.

Examples of Subordinated Securities in a sentence

• Senior Securities are unsubordinated, shall rank equally and pari passu with all of the Company’s Senior Indebtedness and senior to all Subordinated Securities.

• Senior Subordinated Securities shall rank junior to the Company’s Senior Indebtedness, equally and pari passu with all other Senior Subordinated Indebtedness and senior to any Junior Subordinated Indebtedness.

• Junior Subordinated Securities shall rank junior to the Company’s Senior Indebtedness and any Senior Subordinated Indebtedness and equally and pari passu with all other Junior Subordinated Indebtedness.

• No payment by the Company on account of principal (or premium, if any), sinking funds or interest, if any, on the Subordinated Securities shall be made unless full payment of amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness has been made or duly provided for in money or money’s worth.

• After all Senior Indebtedness is paid in full and until the Subordinated Securities are paid in full, Holders thereof shall be subrogated to the rights of holders of Senior Indebtedness to receive distributions applicable to Senior Indebtedness.

More Definitions of Subordinated Securities

Subordinated Securities means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.

Subordinated Securities means any security or securities of the Company without regard to series, authenticated and delivered under this Subordinated Indenture.

Subordinated Securities means any Securities issued pursuant to this Indenture the terms of which provide that such Securities rank junior in right of payment to Senior Indebtedness.

Subordinated Securities has the meaning specified in Section 1401.

Subordinated Securities means Securities which, pursuant to Section 301(25), are expressly made subordinate in right of payment to Senior Indebtedness.

Subordinated Securities means Securities that by the terms established pursuant to Section 2.2.9 are subordinated in right of payment to Senior Debt of the Company. “Subordination Provisions,” when used with respect to the Subordinated Securities of any Series, shall have the meaning established pursuant to Section 2.2.9 with respect to the Subordinated Securities of such Series.

Subordinated Securities means Securities that by the terms established pursuant to Subsection 2.3(i) are subordinated in right of payment to Senior Indebtedness of the Issuer.