Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document outlines the subordination of Lower Ranking Classes to Higher Ranking Classes in an Indenture. It specifies the order of payment and distribution in the event of default, ensuring that Higher Ranking Classes are paid before Subordinate Interests, and details the responsibilities of Holders of Subordinate Interests regarding payments.
Metadata
- Subject
- HOLDERS' RELATIONS
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0056249
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Issuer | legal | Holders of each Lower Ranking Class | The Issuer and the Holders of each Lower Ranking Class agree for the benefit of the Holders of each Higher Ranking Class that such Lower Ranking Classes and the Issuer's rights in and to the Collateral shall be subordinate and junior to each Higher Ranking Class. |
| Holders of Subordinate Interests | legal | Holders of each Higher Ranking Class | Holders of Subordinate Interests agree not to demand, accept, or receive any payment or distribution in respect of such Subordinate Interests in violation of the provisions of this Indenture. |
Notable Quotes 2
"Anything in this Indenture or the Securities to the contrary notwithstanding, the Issuer and the Holders of each Lower Ranking Class agree for the benefit of the Holders of each Higher Ranking Class that such Lower Ranking Classes and the Issuer's rights in and to the Collateral (the "Subordinate Interests") shall be subordinate and junior to each Higher Ranking Class"
"In the event that notwithstanding the provisions of this Indenture, any Holder of any of the respective Subordinate Interests shall have received any payment or distribution in respect of such Subordinate Interests contrary to the provisions of this Indenture, then, unless and until each Higher Ranking Class shall have been paid in full in cash (or, to the extent the Controlling Party or a Majority of the Lower Ranking Classes consent, other than in cash) in accordance with this Indenture, such payment or distribution shall be received and held in trust for the benefit of, and shall forthwith be paid over and delivered to, the Trustee, which shall pay and deliver the same to the Holders of the Higher Ranking Classes in accordance with this Indenture"
Financial Information
Assets:
- Collateral
Transactions:
- Payments and distributions made on account of Subordinate Interests
- Payments to Higher Ranking Classes
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 4
IssuerHoldersTrusteeING IM CLO 2011-1
Text Analysis
- Tone
- Formal, legal
- Purpose
- To define the subordination of Lower Ranking Classes to Higher Ranking Classes in an Indenture.
- Significance
- This section outlines the order of payment and distribution in the event of default, ensuring that Higher Ranking Classes are paid before Subordinate Interests.
File Info
- File Name
- EFTA01365493.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:56.249786
- DOJ Source
- View on DOJ