Contractual Subordination. This Article 10 represents a bona fide agreement of contractual subordination pursuant to Section 510(b) of the United States Bankruptcy Code.
Contractual Subordination. This Article XI represents a bona fide agreement of contractual subordination pursuant to Section 510(b) of the Title 11, U.S. Code.
Contractual Subordination. This Article represents a bona fide agreement of contractual subordination pursuant to Section 510(b) of the United States Bankruptcy Code.
Contractual Subordination. 103 ARTICLE 13 MISCELLANEOUS
Contractual Subordination. This Supplemental Indenture represents a bona fide agreement of contractual subordination pursuant to Section 510(b) of the United States Bankruptcy Code.
Contractual Subordination. The Series B Preference Shares shall be subordinated in right of payment to all obligations of the Company’s subsidiaries, including all existing and future policyholders’ obligations of such subsidiaries.
Contractual Subordination. This Article 11 represents a bona fide agreement of contractual subordination pursuant to Section 510(b) of the Title 11, U.S. Code. ARTICLE 12.
Contractual Subordination. This is subordination agreed among two or more classes of creditors to a common debtor. While freedom of contract recognizes any number of variations to which the parties may agree, the two most common categories are “debt subordination” and “lien subordination.” Some agreements can cover both payment and lien subordination.
Contractual Subordination. The Notes are junior subordinated unsecured obligations of the Company and will be contractually subordinated in right of payment to any existing and future liabilities of the Guarantor’s subsidiaries (other than the Company, PartnerRe Finance II Inc. and PartnerRe Ireland Finance DAC), including amounts owed to holders of reinsurance and insurance policies issued by its reinsurance and insurance company subsidiaries.
Contractual Subordination. The Securities will be contractually subordinated in right of payment to any existing and future liabilities of the Guarantor’s subsidiaries (other than the Issuer), including amounts owed to holders of reinsurance and insurance policies issued by its reinsurance and insurance company subsidiaries.
