Subordinated Trust definition

Subordinated Trust has the meaning set forth in Section 2.2.
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Subordinated Trust has the meaning set forth in Section 2.2. “Subordinated Trust Estate” has the meaning set forth in Section 2.2.
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Subordinated Trust has the meaning set forth in Section 2.2. COLLATERAL TRUST AGREEMENT
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Examples of Subordinated Trust in a sentence

  • The Collateral Trustee and its successors and assigns under this Agreement will hold the Subordinated Trust Estate in trust for the benefit solely and exclusively of all current and future holders of Subordinated Lien Obligations as security for the payment of all current and future Subordinated Lien Obligations (the “Subordinated Trust”).

  • We had the following junior subordinated debentures outstanding at December 31, 2008 and 2007 (dollars in thousands): Outstanding Initial Amount of Equity Fixed Variable Beginning Junior To Interest Interest Optional Subordinated Trust Issue Rate Rate Redemption Maturity Trust Debentures (3) Date (1) (2) Date Date (1) Both the trust preferred securities and junior subordinated debentures bear interest at a fixed interest rate from the issue date through the beginning optional redemption date.

  • On the date hereof, no Related Person has any Permitted Priority Senior Indebtedness, other Additional Senior Indebtedness, Subordinated Indebtedness, Permitted Subordinated Trust Indebtedness, Allowed Puts or Non-Recourse Indebtedness, and no Forward Sales/Production Payments exist or Permitted Preferred Trust Securities are outstanding, except as listed in the Disclosure Schedule.

  • The Collateral Trustee and its successors and assigns under this Agreement will hold the Subordinated Trust Estate in trust for the benefit solely and exclusively of all current and future holders of each Series of Subordinated Lien ObligationsDebt as security for the payment of all current and future Subordinated Lien Obligations (the “Subordinated Trust”).

  • ZionSolutions will indemnify the Trustee and hold it harmless from any liability or expense in connection with or arising out of the actions of the Subordinated Trustee with respect to the Subordinated Trust account.

  • The Floating Rate Non-Cumulative Subordinated Trust Enhanced Securities (“SKATES”) were issued through a consolidated subsidiary, Allfirst Preferred Capital Trust (“Allfirst Capital Trust”).

  • New Equity Securities" means common stock, preferred stock and --------------------- other equity securities issued by the Company after the Restatement Date (excluding any such stock and securities which are redeemable at the option of the holder thereof prior to the eleventh anniversary of the date on which the Term Loan is repaid in full) and shall include, without limiting the foregoing, any Permitted Subordinated Trust Indebtedness.

  • The Subordinated Trust shall be under the control of the Subordinated Trustee.

  • Net Income" for any period shall mean the Net Income of the Trust for such period computed on the basis of its results of operations for such period, after deduction of all expenses other than the Subordinated Trust Management Fee payable to the Advisor and other than extraordinary items, gains and losses from the disposition of assets of the Trust and amortization, depreciation or depletion of the assets of the Trust.

  • Subordinated Trust Indenture dated as of April 17, 1996, as subsequently amended and supplemented, between Bell Canada and Computershare Trust Company of Canada as trustee.

Related to Subordinated Trust

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Senior Interest Holders means, collectively, the Lenders, the Administrative Agent, the Borrower Indemnified Parties, the Servicer Indemnified Parties and the Affected Persons.

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Subordinated Documents means the Subordinated Note and any and all other documents, agreements, writings or instruments executed in connection therewith or pursuant thereto, in each case, as in effect on the date hereof and as amended, modified, restated or Refinanced in accordance with the terms hereof.

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Senior Subordinated Debt means the Indebtedness represented by the Senior Subordinated Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Subordinated Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Senior citizen means that term as defined in section 514.

  • Subordinated Indenture means the Subordinated Note Indenture, dated as of ________ __, 19__, between the Depositor and the Indenture Trustee, as supplemented by the Supplemental Indenture.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • 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).

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.