Subordinated Shareholder Liabilities means any loan or other indebtedness owed by Bidco or a Borrower to Holdings or any other (direct or indirect) shareholder of Bidco or a Borrower, provided that such loan or indebtedness is secured in favor of the Collateral Agent, does not require interest payments to be made in cash and is subordinated on terms satisfactory to the Administrative Agent.

Subordinated Shareholder Liabilities means the Liabilities owed to the Shareholder Creditors by a member of the Group which constitute Indebtedness (as defined in the Initial Senior Facilities Agreement or the equivalent term in any other Credit Facility Agreement (as the context requires)) (including Liabilities owed in respect of any Proceeds Loan or Subordinated Shareholder Funding (as defined in the Initial Senior Facilities Agreement or the equivalent term in any other Credit Facility Agreement (as the context requires))).

Subordinated Shareholder Liabilities means any loan or other indebtedness owed by the Company to the Parent, provided that (a) such loan or indebtedness is subordinated pursuant to the provisions of Clause 14 (Subordination) or on substantially the same terms as the provisions of paragraph (B) of Clause 14 (Subordination) or otherwise on terms satisfactory to the Interim Facility Agent (acting on the instructions of the Majority Interim Lenders (acting reasonably)); and (b) the receivable in respect of such loan or indebtedness is subject to Interim Security on terms satisfactory to the Interim Facility Agent (acting on the instructions of the Majority Interim Lenders (acting reasonably)).

Examples of Subordinated Shareholder Liabilities in a sentence

For the avoidance of doubt, until such time as Holdco is owed any Subordinated Shareholder Liabilities it will not have any obligations or liabilities under this Agreement.
Subject to Clause 10.8 (Permitted Enforcement: Shareholder Creditors), the Shareholder Creditors shall not be entitled to take any Enforcement Action in respect of any of the Subordinated Shareholder Liabilities at any time prior to the Final Discharge Date.
Neither the Parent nor any other Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 10.1 (Restriction on Payment: Subordinated Shareholder Liabilities) and 10.2 (Permitted Payments: Subordinated Shareholder Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
Subordinated Shareholder Liabilities unless the prior consent of abuse relevant Instructing Group is obtained.

More Definitions of Subordinated Shareholder Liabilities

Subordinated Shareholder Liabilities means any loan or other indebtedness owed by an Obligor to Topco or any other (direct or indirect) shareholder of an Obligor, provided that such loan or indebtedness is subordinated pursuant to the provisions of paragraph (a) of Clause 15 (Subordination) or on substantially the same terms as the provisions of paragraph (a) of Clause 15 (Subordination) or otherwise on terms satisfactory to the Interim Facility Agent (acting on the instructions of the Majority Interim Lenders (acting reasonably)).

Shareholder Loan means any shareholder loan to the Borrower that:
Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).
Company Shareholders means the registered or beneficial holders of the Company Shares, as the context requires;
Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;
Company Stockholders means the holders of shares of Company Capital Stock.