Examples of Senior Higher Priority Liabilities in a sentence
Rights of Trustee as Creditor of Senior Higher Priority Liabilities; Preservation of Trustee’s Rights 86 Section 12.08.
The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any claims of creditors of Senior Higher Priority Liabilities which may at any time be held by it, to the same extent as any other creditors of Senior Higher Priority Liabilities, and nothing in this Senior Non Preferred Debt Securities Indenture or the Trust Indenture Act shall deprive the Trustee of any of its rights as such holder.
The provisions of this Article 12 are and are intended solely for the purpose of defining the relative rights of the Holders of the Second Ranking Senior Debt Securities of each series on the one hand and the creditors of the Senior Higher Priority Liabilities on the other hand.
Trustee Not Fiduciary for Creditors of Senior Higher Priority Liabilities 85 Section 12.07.
Rights of Trustee as Creditor of Senior Higher Priority Liabilities; Preservation of Trustee’s Rights 84 Section 12.08.