Subordinated Debt Default
Subordinated Debt Default. A default in the payment of the Subordinated Debt or in the performance of any term, covenant or condition contained in the Subordinated Debt Documents or any other occurrence permitting Subordinated Creditor to accelerate the payment of all or any portion of the Subordinated Debt.
Found in
Akorn contract
Subordinated Debt Default. Any Event of Default as that term is defined the Subordinated Loan Documents, or any condition or event that, after notice or lapse of time or both, would constitute such an Event of Default if that condition or event were not cured or removed within any applicable grace or cure period set forth therein.
Found in
TC PIPELINES LP contract
Subordinated Debt Default. Shall mean any Event of Default under the Subordinated Debt Documents as in effect on the date of this Agreement.
Subordinated Debt Default. Shall mean any "Event of Default" under the Subordinated Loan Documents
All Definitions