Parent Subordinated Indebtedness definition

Parent Subordinated Indebtedness means any Indebtedness of the Parent Guarantor which is by its terms subordinated in right of payment to the Parent Guarantee.

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Parent Subordinated Indebtedness means unsecured Indebtedness owing by any Borrower or Borrower Subsidiary to the Parent and unsecured guaranties thereof by any other Borrower or Borrower Subsidiary; provided that any such Indebtedness or guaranty issued by a Credit Party shall be subordinated in right of payment to the Obligations and otherwise on terms and conditions satisfactory to the Administrative Agent; provided, further, that, in the event that any Borrower Subsidiary which is not a Credit Party guaranties or becomes jointly and severally liable for any Parent Subordinated Indebtedness issued by any Credit Party, such Borrower Subsidiary, as a condition of issuing such guaranty or becoming jointly and severally liable for such Indebtedness, shall become a Guarantor with respect to (i) if such Credit Party is a Domestic Credit Party, all Obligations guaranteed by the Domestic Guarantors, (ii) if such Credit Party is a Multicurrency Borrower, all Obligations of such Multicurrency Borrower or (iii) if such Credit Party is a Foreign Guarantor, all Obligations guaranteed by such Foreign Guarantor.

Parent Subordinated Indebtedness any Subordinated Indebtedness issued by ▇▇▇▇▇▇ and not guaranteed by any Person.

Examples of Parent Subordinated Indebtedness in a sentence

The Parent Guarantee will be, to the extent and in the manner set forth in the Indenture, equal in right of payment to all existing and future Parent Pari Passu Indebtedness and senior in right of payment to all existing and future Parent Subordinated Indebtedness.
The Parent Subordinated Indebtedness is and shall remain unsecured with a final maturity date at least six (6) months after the Revolving Termination Date.
In addition, any additional Parent Subordinated Indebtedness incurred by any Credit Party in accordance with the terms hereof following the Second Amendment Effective Date shall be incurred solely in favor of Holdings.
In addition, the Parent Subordinated Indebtedness Side Letters each are and shall remain in full force and effect, and are the legal, valid and binding obligations of Holdings, EINA and EICA (to the extent that each is a party thereto) and, to their knowledge, of the other parties thereto.
The parties hereto acknowledge and agree that the provisions of this Section 6.5 shall not be construed in a manner that alters the rights and obligations of any parties under the subordination provisions of the Parent Subordinated Indebtedness.

More Definitions of Parent Subordinated Indebtedness

Parent Subordinated Indebtedness means the subordinated Indebtedness of Parent in an aggregate face amount not exceeding $175 million incurred pursuant to those certain subordinated notes payable to Colony Xanadu Stock II, LLC and Colony Xanadu Stock III, LLC, dated as of November 22, 2006.

Parent Subordinated Indebtedness means unsecured Indebtedness owing by any Credit Party Entity to the Parent and unsecured guaranties thereof by any Credit Party Entity; provided that any such Indebtedness or guaranty issued by a Credit Party shall be subordinated in right of payment to the Obligations and otherwise on terms and conditions satisfactory to the Administrative Agent; provided, further, that, in the event that any Credit Party Entity which is not a Credit Party guaranties or becomes jointly and severally liable for any Parent Subordinated Indebtedness issued by any Credit Party, such Credit Party Entity, as a condition of issuing such guaranty or becoming jointly and severally liable for such Indebtedness, shall become a Guarantor.

Parent Subordinated Indebtedness means subordinated debt of the Issuer issued to and held by any Holding Company which:

Parent Subordinated Indebtedness means the Indebtedness owing by EINA and EICA to Parent or its Subsidiaries (other than to EINA, EICA and their respective Subsidiaries (other than Camrose)) evidenced by the Intercompany Loan Agreements, together with additional Indebtedness incurred by EINA or EICA to Parent or its Subsidiaries (other than to EINA, EICA and their respective Subsidiaries (other than Camrose)) after the Closing Date pursuant to an intercompany loan agreement either (x) substantially in the form of Exhibit 11.1(e) or (y) in a form substantially similar to one of the Intercompany Loan Agreements existing on the Closing Date, as the case may be, and on economic terms (taking into account then prevailing market rates of interest and any redenomination of the currency of such Indebtedness from Canadian Dollars to Dollars or vice versa, as the case may be), in each case, substantially identical to such Indebtedness.

Parent Subordinated Indebtedness means any Indebtedness of the Parent Guarantor which is by its terms subordinated in right of payment to the Parent Guarantee. “Pari Passu Indebtedness” means:

Parent Subordinated Indebtedness. Subordinated Indebtedness of the Borrowers or any of their Subsidiaries owing to Buckeye Partners, L.P. or any of its Subsidiaries that are not Loan Parties.

Parent Subordinated Indebtedness means Indebtedness of the Company that is borrowed from a Parent of the Company from the proceeds of an Equity Offering by a Parent within 60 days of the incurrence of such Indebtedness which Indebtedness by its terms or by the terms of any agreement or instrument pursuant to which such Indebtedness is incurred (x) is expressly made subordinate in right of payment to the Notes and (y) provides that no payment of principal, premium or interest on, or any other payment with respect to, such Indebtedness may be made prior to 91 days after the payment in full of all of the Company's obligations under the Notes.

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