Subordinated Indebtedness

Subordinated Indebtedness. Means all obligations arising under the Subordinated Note and each and every other debt, liability and obligation of every type and description which the Borrower may now or at any time hereafter owe to the Subordinated Creditor, whether such debt, liability or obligation now exists or is hereafter created or incurred, and whether it is or may be direct or indirect, due or to become due, absolute or contingent, primary or secondary, liquidated or unliquidated, or joint, several or joint and... several. View More

Subordinated Indebtedness. Collectively, all obligations, liabilities and indebtedness of the Company and any of its Subsidiaries to the Noteholder under this Note, including, without limitation, accrued and unpaid interest on and principal of this Note and all costs, fees and expenses or incurred in connection herewith (whether such obligations, liabilities and indebtedness arise before or after the institution of any Reorganization and whether or not such obligations, liabilities and indebtedness are allowed claims in... such Reorganization, and whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred), in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise; provided, however, that reasonable out of pocket legal fees incurred in connection with the preparation of the Note and the review of the amendments to the Credit Agreements dated on or about the date hereof shall not constitute Subordinated Indebtedness. View More

Subordinated Indebtedness. Means any unsecured Indebtedness of any Group Member in existence as of December 15, 2008 in excess of $5,000,000.

Subordinated Indebtedness. All of the obligations of Obligors to the Subordinated Creditor evidenced by the Subordinated Note and all other amounts now or hereafter owed by Obligors to the Subordinated Creditor pursuant to the Subordinated Indebtedness Documents

Subordinated Indebtedness. Any Indebtedness of the Company that is contractually subordinate or junior in right to payment of this Note, except any Indebtedness to any Affiliate of the Company, which shall be junior and subordinate to this Note.

Subordinated Indebtedness. The term "Subordinated Indebtedness" shall mean: (a) that certain Amended and Restated Promissory Note, dated as of February 22, 2013, in the original stated principal amount of $1,670,000, executed by GFN Mfg, and payable to the order of Subordinated Creditor (as the same may be further amended, modified or restated with the prior written consent of the Senior Lender, the "Subordinated Note"); and (b) that certain Continuing Guaranty, dated as of October 1, 2012, executed by GFN, in favor of... Subordinated Creditor (the "Guaranty," and, together with the Subordinated Note, and any other agreement evidencing or relating to Subordinated Indebtedness, as any of the same may be amended, restated, supplemented or modified from time to time with the prior, written consent of Senior Lender being hereinafter collectively referred to as the "Subordinated Agreements"). For the purposes hereof, the term "Subordinated Creditor" shall mean the Subordinated Creditor named in the preamble to this Agreement, its successors and assigns, and any and all assignees or holders of Subordinated Indebtedness. View More

Subordinated Indebtedness. Means Additional Indebtedness subordinated to the Indebtedness of Debtor to Secured Party on terms and conditions acceptable to Secured Party in its sole discretion.

Subordinated Indebtedness. Means all obligations arising under the Subordinated Notes and under the transaction documents and agreements entered into by the Company in connection therewith.

Subordinated Indebtedness. All indebtedness and other obligations of any Loan Party of any kind or nature whatsoever to Subordinated Creditor arising under or related to the Subordinated Documents, including all present and future loans, advances, debts, liabilities, obligations, and indebtedness otherwise owing by any Loan Party to Subordinated Creditor, whether evidenced by any note, guaranty or other instrument or document, whether absolute or contingent, due or to become due, including all interest, charges,... expenses, fees, attorneys' fees and any other sums chargeable to such Loan Party. View More

Subordinated Indebtedness. The words "Subordinated Indebtedness" mean and include without limitation all present and future indebtedness, obligations, liabilities, claims, rights and demands of any kind which may be now or hereafter owing from Borrower to Creditor. The term "Subordinated Indebtedness" is used in its broadest sense and includes without limitation all principal, all interest, all costs and attorneys' fees, all sums paid for the purpose of protecting the rights of a holder of security (such as a secured... party paying for insurance on collateral if the owner fails to do so), all contingent obligations of Borrower (such as a guaranty), and all other obligations, secured or unsecured, of any nature whatsoever. View More