Equally Subordinate Securities

Equally Subordinate Securities. Means securities of the Company or any other Person provided for by a plan of reorganization or readjustment the payment of which is subordinate with respect to Mezzanine Debt to the payment of all Senior Debt, at least to the extent provided in the subordination provisions of this Agreement, including, without limitation, the provisions hereof requiring the payment or delivery to the holders of Senior Debt of certain payments or distributions otherwise payable or deliverable in respect of any... Mezzanine Debt. View More

Equally Subordinate Securities. Means securities of Debtor, Guarantor or any other Person provided for by a plan of reorganization or readjustment the payment of which are subordinate with respect to the payment of all Senior Debt at least to the extent provided in the subordination provisions of this Agreement, in form and substance satisfactory to Lender, and are not subordinate to any other claim or interest of any Person (other than claims or interests, if any, in respect of which the Junior Debt was so subordinate prior... to the effectiveness of such reorganization or readjustment). View More