Subordinated Debt

Subordinated Debt. All principal, interest, fees, costs, enforcement expenses (including legal fees and disbursements), collateral protection expenses and other reimbursement and indemnity obligations created or evidenced by the Subordinated Agreement or any prior, concurrent or subsequent notes, instruments or agreements of indebtedness, liabilities or obligations of any type or form whatsoever relating thereto in favor of the Subordinating Creditor. -2-

Subordinated Debt. Shall mean all of the obligations of the Obligors to Subordinated Creditor evidenced by or incurred pursuant to the Subordinated Debt Documents.

Subordinated Debt. Is debt incurred by Borrower subordinated to Borrower's debt to Bank (pursuant to a subordination agreement entered into between the Bank, the Borrower and the subordinated creditor), on terms acceptable to Bank.

Subordinated Debt. Is debt incurred by Borrower subordinated to Borrower's indebtedness owed to Bank and which is reflected in a written agreement in a manner and form acceptable to Bank and approved by Bank in writing.

Subordinated Debt. Means all indebtedness owing under the Loan Agreement, dated April 1, 2003, between the undersigned and Petra Mezzanine Fund, L.P. ("PETRA"), and the Promissory Note, dated April 1, 2003, issued by the undersigned to the order of Petra Mezzanine Fund, L.P. in the principal amount of $3,000,000.00, in each case as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof and the terms of the... Subordination Agreement. View More

Subordinated Debt. Shall mean indebtedness of the Borrower to third parties which has been subordinated to the Indebtedness pursuant to a subordination agreement in form and content satisfactory to the Bank.

Subordinated Debt. Shall mean that portion of Borrower's Debt which is subordinated to the Obligations in a manner satisfactory to Bank.

Subordinated Debt. Shall mean Customer's indebtedness to third parties as evidenced by an executed Notes Payable Subordination Agreement in favor of IBM Credit including, without limitation, the Subordinated Debt (2002).

Subordinated Debt. Is debt incurred by Borrower subordinated to Borrower's debt to Bank (and identified as subordinated by Borrower and Bank).

Subordinated Debt. Means debt incurred by Borrower subordinated to Borrower's debt to PFG (pursuant to a subordination agreement entered into between PFG, Borrower and the subordinated creditor), on terms acceptable to PFG in its absolute discretion.