Subordinated Debt Holders definition
Examples of Subordinated Debt Holders in a sentence
The provisions of this Section 2 are, and are intended to be, solely for the purpose of defining the relative rights of Debtors, Subordinated Debt Holders and the holder or holders of the Senior Debt.
The issuance of the Securities (or the underlying common stock convertible or exercisable pursuant to the Series B Preferred Stock or the Warrants) to the Landmark Parties and the Series C Preferred Stock to the Subordinated Debt Holders will not be integrated with any other issuance of the Company's securities (past, current or future) which will require any shareholder approval under the rules of the Nasdaq National Market other than the shareholder approval to be obtained in connection herewith.
The Borrowers shall have delivered to the Agent evidence of the consent of the Subordinated Debt Holders to this Third Amendment to the Credit Agreement, including the $7,000,000 increase of the Trance B Term Loan in form and substance satisfactory to the Agent.
Since the Balance Sheet Date, neither Borrower has made any Restricted Payment except for the payment by Holdings to the Seller Subordinated Debt Holders on the Closing Date in an aggregate amount equal to $3,600,000.
Immediately following the Effective Time, Buyer will repay or cause the Surviving Corporation to repay in cash in full (including principal and interest) the subordinated debt of SGI, such repayment to be made to those holders (the "Subordinated Debt Holders") in those amounts listed on Exhibit D.