Status and Guarantee Sample Clauses

Status and Guarantee. 3.1 The CB (when issued) will constitute unsubordinated, unconditional and unsecured obligations of the Issuer and will at all times rank pari passu without any preference among themselves. The payment obligations of the Issuer under the CB shall, save for such exceptions as may be provided by mandatory provisions of applicable legislation, other than those preferred by statute or applicable law.
Sample 1
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Status and Guarantee. The Notes may be Unsubordinated Notes or, where the Issuer is ANZBGL, Subordinated Notes as specified in the applicable Final Terms.
Sample 1
Status and Guarantee. The Bonds and the Coupons are direct, unconditional and, subject to the provisions of Condition 3, unsecured obligations of the Issuer and, subject as aforesaid, rank and will rank pari passu, without any preference among themselves, with all other outstanding unsecured and unsubordinated obligations of the Issuer, present and future, but, in the event of insolvency of the Issuer, only to the extent permitted by applicable laws relating to creditors' rights. The Guarantor has, in the Trust Deed, unconditionally and irrevocably guaranteed the due and punctual payment of the principal of and interest on the Bonds as and when the same shall become due and payable together with any additional amounts payable pursuant to Condition 8 and all other moneys payable under the Trust Deed. The obligations of the Guarantor under the terms of such guarantee constitute direct, unconditional and, subject to the provisions of Condition 3, unsecured obligations of the Guarantor and such obligations rank and will rank pari passu with all other outstanding unsecured and unsubordinated obligations of the Guarantor, present and future, but, in the event of insolvency of the Guarantor, only to the extent permitted by applicable laws relating to creditors' rights.
Sample 1
Status and Guarantee. Status Subject as provided in this Condition 4, the CB represented by this CB Instrument constitutes direct and unconditional obligations of the Issuer and shall at all times rank pari passu, without any preference among the CBs.
Sample 1
Status and Guarantee 
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Related to Status and Guarantee

  • Release of Liens and Guarantees In the event that any Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of its assets (including the Equity Interests of any of its Subsidiaries) to a Person that is not (and is not required to become) a Loan Party in a transaction not prohibited by the Loan Documents, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower’s expense to release any Liens created by any Loan Document in respect of such Equity Interests or assets that are the subject of such disposition and to release any guarantees of the Obligations, and any Liens granted to secure the Obligations, in each case by a Person that ceases to be a Subsidiary of the Borrower as a result of a transaction described above. Any representation, warranty or covenant contained in any Loan Document relating to any such Equity Interests or assets shall no longer be deemed to be made once such Equity Interests or assets are so conveyed, sold, leased, assigned, transferred or disposed of. The Security Documents, the guarantees made therein, the Security Interest (as defined therein) and all other security interests granted thereby shall terminate, and each Loan Party shall automatically be released from its obligations thereunder and the security interests in the Collateral granted by any Loan Party shall be automatically released, when all the Obligations are paid in full in cash and Commitments are terminated (other than (A) contingent indemnification obligations, (B) obligations and liabilities under Secured Cash Management Agreements and Secured Swap Agreements and (C) obligations and liabilities under Revolving Letters of Credit as to which arrangements satisfactory to the Issuing Banks shall have been made). At such time, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower at the Borrower’s expense to evidence and effectuate such termination and release of the guarantees, Liens and security interests created by the Loan Documents.

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