{"component": "definition", "props": {"groups": [{"samples": [{"hash": "2oxZ1XUJzHc", "uri": "/contracts/2oxZ1XUJzHc#subordinated", "label": "Credit Agreement (Cintas Corp)", "score": 22.2648868561, "published": true}, {"hash": "dvKl7lClbER", "uri": "/contracts/dvKl7lClbER#subordinated", "label": "Credit Agreement (Core Molding Technologies Inc)", "score": 21.8706359863, "published": true}, {"hash": "8RM19lCo7ct", "uri": "/contracts/8RM19lCo7ct#subordinated", "label": "Credit Agreement (Cintas Corp)", "score": 21.7474327087, "published": true}], "snippet": "means, as applied to Indebtedness, Indebtedness that shall have been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Lenders) in favor of the prior payment in full of the Obligations.", "size": 141, "snippet_links": [{"key": "as-applied", "type": "definition", "offset": [7, 17]}, {"key": "written-agreement", "type": "definition", "offset": [103, 120]}, {"key": "form-and-substance", "type": "clause", "offset": [147, 165]}, {"key": "agent-and-the-required-lenders", "type": "clause", "offset": [182, 212]}, {"key": "in-favor-of", "type": "definition", "offset": [214, 225]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [236, 270]}], "hash": "f26f7b90f836cd3618a8d9685ff32a3f", "id": 1}, {"samples": [{"hash": "6hut7ZoHu8R", "uri": "https://www.davey.com/media/zgbaoyzd/2023-january-13.pdf", "label": "www.davey.com", "score": 11.5256671906, "published": false}, {"hash": "i8fKR9n5fH7", "uri": "https://www.davey.com/media/32jmn413/2021-august-18.pdf", "label": "www.davey.com", "score": 10.8206710815, "published": false}, {"hash": "a3UFMd2THSa", "uri": "https://www.davey.com/media/x5vokcc1/2017-october-6.pdf", "label": "www.davey.com", "score": 8.5003423691, "published": false}], "snippet": ", as applied to Indebtedness, shall mean that the Indebtedness has been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Banks) in favor of the prior payment in full of the Debt.", "size": 13, "snippet_links": [{"key": "as-applied", "type": "definition", "offset": [2, 12]}, {"key": "the-indebtedness", "type": "clause", "offset": [46, 62]}, {"key": "written-agreement", "type": "definition", "offset": [106, 123]}, {"key": "form-and-substance", "type": "clause", "offset": [150, 168]}, {"key": "required-banks", "type": "definition", "offset": [199, 213]}, {"key": "in-favor-of", "type": "definition", "offset": [215, 226]}, {"key": "payment-in-full", "type": "definition", "offset": [237, 252]}, {"key": "the-debt", "type": "clause", "offset": [256, 264]}], "hash": "ae76d8ab5253a028ef1ba71fb4d8c394", "id": 2}, {"samples": [{"hash": "bXvuQTrZSPg", "uri": "/contracts/bXvuQTrZSPg#subordinated", "label": "Note Purchase and Private Shelf Agreement (Nordson Corp)", "score": 19.0, "published": true}], "snippet": "as applied to Indebtedness, shall mean that the Indebtedness has been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Prudential and the Required Holders) in favor of the prior payment in full of the obligations of the Company and its Subsidiaries under this Agreement, the Notes and the other Transaction Documents.", "size": 9, "snippet_links": [{"key": "as-applied", "type": "definition", "offset": [0, 10]}, {"key": "the-indebtedness", "type": "clause", "offset": [44, 60]}, {"key": "written-agreement", "type": "definition", "offset": [104, 121]}, {"key": "form-and-substance", "type": "clause", "offset": [148, 166]}, {"key": "required-holders", "type": "clause", "offset": [202, 218]}, {"key": "in-favor-of", "type": "definition", "offset": [220, 231]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [280, 312]}, {"key": "this-agreement", "type": "clause", "offset": [319, 333]}, {"key": "the-notes", "type": "clause", "offset": [335, 344]}, {"key": "other-transaction-documents", "type": "definition", "offset": [353, 380]}], "hash": "9e80a5103a98e2732a6f3ffb86f49ddb", "id": 3}, {"samples": [{"hash": "2qbuXT1iXGu", "uri": "/contracts/2qbuXT1iXGu#subordinated", "label": "Credit Agreement (Nn Inc)", "score": 23.8336753845, "published": true}, {"hash": "7Ux29MWEewW", "uri": "/contracts/7Ux29MWEewW#subordinated", "label": "Credit Agreement (Nn Inc)", "score": 18.0, "published": true}, {"hash": "jXiZPzvMNTA", "uri": "https://www.sec.gov/Archives/edgar/data/918541/000100579410000222/nn8k122210ex10_1.htm", "label": "Credit Agreement (Nn Inc)", "score": 10.9856262207, "published": false}], "snippet": "means, as applied to Indebtedness, Indebtedness that shall have been subordinated in favor of the prior payment in full of the Obligations.", "size": 8, "snippet_links": [{"key": "as-applied", "type": "definition", "offset": [7, 17]}, {"key": "in-favor-of", "type": "definition", "offset": [82, 93]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [104, 138]}], "hash": "62a110014105cdf24f82c75ef63b07eb", "id": 4}, {"samples": [{"hash": "j1ZCQuZWM5z", "uri": "/contracts/j1ZCQuZWM5z#subordinated", "label": "Credit Agreement (Puget Sound Energy Inc)", "score": 21.0, "published": true}, {"hash": "g8WKsNy2B81", "uri": "/contracts/g8WKsNy2B81#subordinated", "label": "Credit Agreement (Puget Energy Inc /Wa)", "score": 21.0, "published": true}, {"hash": "aXP0rZnJQv2", "uri": "/contracts/aXP0rZnJQv2#subordinated", "label": "Credit Agreement (Puget Energy Inc /Wa)", "score": 21.0, "published": true}], "snippet": "means, with respect to any debt or equity securities or other instruments of any sort, that the principal or equivalent thereof is not required to be paid in whole or in part, and after the occurrence of any event of any type described in Section 7.6 or 7.7 cannot be paid in whole or in part, unless and until the Obligations (including the obligation to provide cash collateral pursuant to the last sentence of Section 2.16.1) have been paid in full and the Commitments have terminated.", "size": 6, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "any-debt", "type": "definition", "offset": [23, 31]}, {"key": "equity-securities", "type": "definition", "offset": [35, 52]}, {"key": "other-instruments", "type": "definition", "offset": [56, 73]}, {"key": "the-principal", "type": "clause", "offset": [92, 105]}, {"key": "or-equivalent", "type": "definition", "offset": [106, 119]}, {"key": "is-not-required-to", "type": "clause", "offset": [128, 146]}, {"key": "event-of", "type": "definition", "offset": [208, 216]}, {"key": "section-76", "type": "clause", "offset": [239, 250]}, {"key": "the-obligations", "type": "clause", "offset": [311, 326]}, {"key": "the-obligation-to-provide", "type": "clause", "offset": [338, 363]}, {"key": "cash-collateral", "type": "clause", "offset": [364, 379]}, {"key": "the-last-sentence", "type": "clause", "offset": [392, 409]}, {"key": "paid-in-full", "type": "clause", "offset": [439, 451]}, {"key": "the-commitments", "type": "clause", "offset": [456, 471]}], "hash": "7c66a0c468ffdd9008544e7164dd8799", "id": 5}, {"samples": [{"hash": "3zwcpqWaEeV", "uri": "/contracts/3zwcpqWaEeV#subordinated", "label": "Note Purchase Agreement (Green Thumb Industries Inc.)", "score": 32.3429145813, "published": true}, {"hash": "8vQ4BRc5uCC", "uri": "/contracts/8vQ4BRc5uCC#subordinated", "label": "Note Purchase Agreement", "score": 26.6714572906, "published": true}, {"hash": "9nsRndmrKZ", "uri": "https://d18rn0p25nwr6d.cloudfront.net/CIK-0001795139/6a6ec995-ce59-4c38-a464-4b449bae9a1b.pdf", "label": "d18rn0p25nwr6d.cloudfront.net", "score": 11.0396986008, "published": false}], "snippet": "means terms ensuring that the Subordinated obligation does not provide for (i) financial covenants more restrictive than financial covenants contained this Agreement; (ii) repayment of principal, interest or other amounts under the Subordinated Indebtedness if there is a Default or Event of Default under this Agreement or there would be a Default or Event of Default after giving effect to any such payment of Subordinated Indebtedness; and (iii) the right to accelerate the Subordinated Indebtedness coupled with a perpetual standstill. In addition, in the event of a Default or Event of Default under this Agreement, the Loans must be indefeasibly repaid in full before any payments may be made under any Subordinated Indebtedness.", "size": 5, "snippet_links": [{"key": "subordinated-obligation", "type": "clause", "offset": [30, 53]}, {"key": "provide-for", "type": "clause", "offset": [63, 74]}, {"key": "financial-covenants", "type": "definition", "offset": [79, 98]}, {"key": "repayment-of-principal", "type": "clause", "offset": [172, 194]}, {"key": "other-amounts", "type": "definition", "offset": [208, 221]}, {"key": "agreement-or", "type": "definition", "offset": [311, 323]}, {"key": "after-giving", "type": "clause", "offset": [369, 381]}, {"key": "payment-of-subordinated-indebtedness", "type": "clause", "offset": [401, 437]}, {"key": "right-to-accelerate", "type": "clause", "offset": [453, 472]}, {"key": "in-addition", "type": "clause", "offset": [540, 551]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [553, 570]}, {"key": "the-loans", "type": "clause", "offset": [621, 630]}, {"key": "repaid-in-full", "type": "definition", "offset": [652, 666]}, {"key": "payments-may-be", "type": "clause", "offset": [678, 693]}], "hash": "74751706e4530e4af76fd2b887c5cb0f", "id": 6}, {"samples": [{"hash": "fA09v00txgT", "uri": "/contracts/fA09v00txgT#subordinated", "label": "Indenture (CareTrust REIT, Inc.)", "score": 32.4579048157, "published": true}, {"hash": "e9zkWr4L7JM", "uri": "/contracts/e9zkWr4L7JM#subordinated", "label": "First Supplemental Indenture (CareTrust REIT, Inc.)", "score": 28.3921966553, "published": true}, {"hash": "fdpNHo9fLm7", "uri": "/contracts/fdpNHo9fLm7#subordinated", "label": "Indenture (Quality Care Properties, Inc.)", "score": 27.7953453064, "published": true}], "snippet": "and \u201csubordinate\u201d when used with respect to Indebtedness relative to other Indebtedness means that such first Indebtedness is subordinate or junior in right of payment to such other Indebtedness. Indebtedness will not be considered subordinate or junior in right of payment to any other Indebtedness solely by virtue of being unsecured or secured to a greater or lesser extent or with greater or lower priority or by virtue of structural subordination or with different collateral or as a result of provisions that apply proceeds or amounts received by the borrower, obligor or issuer following a default or exercise of remedies in a certain order of priority.", "size": 4, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [28, 43]}, {"key": "other-indebtedness", "type": "definition", "offset": [69, 87]}, {"key": "payment-to", "type": "clause", "offset": [160, 170]}, {"key": "provisions-that-apply", "type": "clause", "offset": [499, 520]}, {"key": "by-the-borrower", "type": "clause", "offset": [550, 565]}, {"key": "a-default", "type": "definition", "offset": [595, 604]}, {"key": "exercise-of-remedies", "type": "definition", "offset": [608, 628]}, {"key": "order-of-priority", "type": "clause", "offset": [642, 659]}], "hash": "cb097c5f141aa9265b78baad6328debe", "id": 7}, {"samples": [{"hash": "h9gIxabcIGm", "uri": "/contracts/h9gIxabcIGm#subordinated", "label": "Note Indenture (Cemex Sab De Cv)", "score": 21.4928131104, "published": true}, {"hash": "eGiWWYEX9X6", "uri": "/contracts/eGiWWYEX9X6#subordinated", "label": "Note Indenture (Cemex Sab De Cv)", "score": 21.4928131104, "published": true}, {"hash": "3M9eNWyNKKY", "uri": "/contracts/3M9eNWyNKKY#subordinated", "label": "Note Indenture (Cemex Sab De Cv)", "score": 21.4928131104, "published": true}], "snippet": "will be construed accordingly. For purposes of determining whether Subordination exists or whether an obligation is Subordinated with respect to another obligation to which it is being compared, the existence of preferred creditors arising by operation of law or of collateral, credit support or other credit enhancement arrangements shall not be taken into account, except that, notwithstanding the foregoing, priorities arising by operation of law shall be taken into account.", "size": 4, "snippet_links": [{"key": "for-purposes-of", "type": "clause", "offset": [31, 46]}, {"key": "with-respect-to", "type": "clause", "offset": [129, 144]}, {"key": "obligation-to", "type": "clause", "offset": [153, 166]}, {"key": "preferred-creditors", "type": "definition", "offset": [212, 231]}, {"key": "by-operation-of-law", "type": "definition", "offset": [240, 259]}, {"key": "credit-support", "type": "clause", "offset": [278, 292]}, {"key": "credit-enhancement", "type": "clause", "offset": [302, 320]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [380, 409]}], "hash": "8000c8f9a1fbcf2d0c9712685a866cb3", "id": 8}, {"samples": [{"hash": "kwNZ4rGsoka", "uri": "/contracts/kwNZ4rGsoka#subordinated", "label": "Indenture (Five Point Holdings, LLC)", "score": 36.7344284736, "published": true}, {"hash": "3kM7gGLiqI5", "uri": "/contracts/3kM7gGLiqI5#subordinated", "label": "Indenture (Five Point Holdings, LLC)", "score": 35.0396995544, "published": true}, {"hash": "gwTM2mZVRLF", "uri": "/contracts/gwTM2mZVRLF#subordinated", "label": "Indenture (Five Point Holdings, LLC)", "score": 28.8904857635, "published": true}], "snippet": "and any similar term with respect to Indebtedness relative to other Indebtedness (regardless of whether right of payment is expressly referenced) means that such first Indebtedness is contractually subordinated in right of payment to such other Indebtedness; provided, however, that no Indebtedness shall be deemed to be subordinated in right of payment to any other Indebtedness solely by virtue of being unsecured or by reason of any Liens or Guarantees arising or created in respect thereto or by virtue of the fact that the holders of any secured Indebtedness have entered into intercreditor or other agreements giving one or more of such holders priority or rights over the other holders in the collateral held by them or by being secured to a greater or lesser extent or with greater or lower priority or by virtue of structural subordination or with different collateral or as a result of provisions that apply proceeds or amounts received by the borrower, obligor or issuer following a default or exercise of remedies in a certain order of priority.", "size": 3, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [21, 36]}, {"key": "other-indebtedness", "type": "definition", "offset": [62, 80]}, {"key": "right-of-payment", "type": "clause", "offset": [104, 120]}, {"key": "payment-to", "type": "clause", "offset": [223, 233]}, {"key": "no-indebtedness", "type": "clause", "offset": [283, 298]}, {"key": "the-fact", "type": "clause", "offset": [510, 518]}, {"key": "holders-of", "type": "clause", "offset": [528, 538]}, {"key": "secured-indebtedness", "type": "clause", "offset": [543, 563]}, {"key": "entered-into", "type": "clause", "offset": [569, 581]}, {"key": "other-agreements", "type": "clause", "offset": [599, 615]}, {"key": "other-holders", "type": "definition", "offset": [679, 692]}, {"key": "the-collateral", "type": "definition", "offset": [696, 710]}, {"key": "provisions-that-apply", "type": "clause", "offset": [896, 917]}, {"key": "by-the-borrower", "type": "clause", "offset": [947, 962]}, {"key": "a-default", "type": "definition", "offset": [992, 1001]}, {"key": "exercise-of-remedies", "type": "definition", "offset": [1005, 1025]}, {"key": "order-of-priority", "type": "clause", "offset": [1039, 1056]}], "hash": "1089ac5827447e1d78642ac4916c63e2", "id": 9}, {"samples": [{"hash": "3hAh2dcM4vs", "uri": "https://www.investimenti.unicredit.it/content/onemarkets-relaunch-it/it/productpage.pdf?document=FT_IT0005594814.pdf", "label": "www.investimenti.unicredit.it", "score": 17.1971645355, "published": false}, {"hash": "APCJat092C", "uri": "https://www.investimenti.unicredit.it/content/onemarkets-relaunch-it/it/productpage.pdf?document=Termini_e_Condizioni_IT0005581795.pdf", "label": "www.investimenti.unicredit.it", "score": 12.0965089798, "published": false}, {"hash": "eSHAl0ceclv", "uri": "https://www.investimenti.unicredit.it/content/onemarkets-relaunch-it/it/productpage.pdf?document=Termini_e_Condizioni_IT0005581993.pdf", "label": "www.investimenti.unicredit.it", "score": 10.1348390579, "published": false}], "snippet": "means any obligation of the Reference Entity which is subordinated to the Reference Obligation.", "size": 3, "snippet_links": [{"key": "obligation-of-the", "type": "clause", "offset": [10, 27]}, {"key": "reference-entity", "type": "definition", "offset": [28, 44]}, {"key": "reference-obligation", "type": "definition", "offset": [74, 94]}], "hash": "b81bbd88e91b112d9e82f0aabd3a0db1", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVc3Vib3JkaW5hdGVkIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Subordinated", "snippet": "means, as applied to Indebtedness, Indebtedness that shall have been subordinated (by written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Lenders) in favor of the prior payment in full of the Obligations.", "size": 237, "id": "subordinated", "examples": ["Any payment of principal of the <strong>Subordinated</strong> Notes that would otherwise become due and payable on a day which is not a Business Day will become due and payable on the next succeeding Business Day, with the same force and effect as if made on the date for payment of such principal, and no interest will accrue in respect of such payment for the period after such day.", "No holder of any beneficial interest in any Global <strong>Subordinated</strong> Note held on its behalf by a Depositary will have any rights under this Indenture with respect to such Global <strong>Subordinated</strong> Note, and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of such Global <strong>Subordinated</strong> Note for all purposes whatsoever.", "Notice of redemption having been given as provided above, the <strong>Subordinated</strong> Notes so to be redeemed will, on the Redemption Date, become due and payable at the Redemption Price therein specified, together with accrued and unpaid interest and Additional Interest, if any, thereon and from and after such date (unless the Company will default in the payment of the Redemption Price and accrued interest, if any) such <strong>Subordinated</strong> Notes will cease to bear interest.", "None of the Company, the Trustee, any Paying Agent or the Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global <strong>Subordinated</strong> Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.", "The Trustee will promptly notify the Company and the Registrar (if other than itself) in writing of the <strong>Subordinated</strong> Notes selected for redemption and, in the case of any <strong>Subordinated</strong> Notes selected for partial redemption, the principal amount thereof to be redeemed.", "If any <strong>Subordinated</strong> Note called for redemption will not be so paid upon surrender thereof for redemption, the principal, until paid, will bear interest from the Redemption Date at the rate prescribed therefor in the <strong>Subordinated</strong> Note or, if no rate is prescribed therefor in the <strong>Subordinated</strong> Note, at the rate of interest, if any, borne by such <strong>Subordinated</strong> Note.", "Legal Defeasance and Covenant Defeasance may be effected only with respect to all, and not less than all, of the Outstanding <strong>Subordinated</strong> Notes.", "This Agreement is subject and subordinate to the terms, covenants, and conditions of the Trust Agreements and Other Financing Documents made by the Authority authorizing the issuance of Bonds, <strong>Subordinated</strong> Indebtedness or Other Indebtedness by the Authority.", "In the event a pro rata redemption is not permitted under applicable law or applicable depositary requirements, the <strong>Subordinated</strong> Notes to be redeemed will be selected by lot or such method as the Trustee will deem fair and appropriate.", "Any partial redemption will be made pro rata among all of the Holders of <strong>Subordinated</strong> Notes (such redemption to be considered a \u201cPro Rata Pass-Through of Principal\u201d for purpose of a redemption processed through The Depository Trust Company)."], "related": [["subordinated-indebtedness-documents", "Subordinated Indebtedness Documents", "<strong>Subordinated</strong> Indebtedness Documents"], ["subordinated-debt", "Subordinated Debt", "<strong>Subordinated</strong> Debt"], ["guarantor-senior-indebtedness", "Guarantor Senior Indebtedness", "Guarantor Senior Indebtedness"], ["subordinated-indebtedness", "Subordinated Indebtedness", "<strong>Subordinated</strong> Indebtedness"], ["junior", "Junior", "Junior"]], "related_snippets": [], "updated": "2025-09-28T05:30:06+00:00"}, "json": true, "cursor": ""}}