WEN » Topics » Subordinated Debt

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Subordinated Debt” means, in each case to the extent permitted to be incurred by such Loan Party hereunder, (a) Permitted Subordinated Debt of a Borrower and (b) any other Indebtedness of any Loan Party that is expressly subordinated in right of payment to any of the Secured Obligations and is scheduled to mature not earlier than the date that is six months after the Term Loan Maturity Date.

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