Subscribers of the Debentures ( Debentureholders ) are provided with
subordinated security over the personal property of the Company and its subsidiary, BioExx Proteins of Saskatoon Inc.
The notes will carry an interest rate of 12% and are secured with a
subordinated security interest in all of the assets of the company.
said Thursday it will raise 200 billion yen in funds by issuing a new type of
subordinated security called trust preferred securities worth 100 billion yen and Euroyen-denominated convertible bonds of another 100 billion yen.
Fitch applied a three-notch negative differential based on the nature of iStar's perpetual preferred stock - a deeply
subordinated security that has weak terms and remedies available both before and after a general corporate default (e.
The loan is guaranteed by a principal shareholder of National Construction and secured by
subordinated security agreements against all of the assets of National Construction and the Guarantor.
5 million and to provide a
subordinated security interest in Verticalnet's assets to the holder of the discount note.
5% effective October 1, 1995 and the lender will receive a
subordinated security interest in the Company's assets.
The Company is unable to determine with reasonable certainty the cash flow impact of the Company's possible disqualification from the Visa program until its payment processor responds to the Company's request to cease withholding additional cash reserves and to restructure the existing reserve agreement to provide for an alternative form of collateral, such as a permitted
subordinated security interest in the Company's membership renewal base.
CRIIMI MAE expects to invest approximately $20 million in an additional
subordinated security transaction during late August.
The new agreement, which matures April 15, 2002 (which may be extended if Amcast meets certain conditions), provides for the ability to make new borrowings initially up to $15 million, increasing in stages to a maximum of $35 million (based on the company meeting certain conditions), and provides a primary security interest in the company's assets to the lenders, as well as a
subordinated security interest to the members of the bank lending group under the existing agreement and to the holders of the senior notes.
Additionally, if the consents become effective, Sahara Gaming will cause a subsidiary to grant a
subordinated security interest for the benefit of the Santa Fe noteholders in certain real property on the Las Vegas Strip.
The pledged subordinated notes are secured by a
subordinated security interest in the undivided interests of the owner trusts of the Midland facility and certain of their rights under the related leases (including the rent reserve and various insurance policies).
