Subordination of Claims. In the event of liquidation of [name of Credit Union], the funds committed to the secondary capital account will be subordinate to all other claims on the assets of the Credit Union, including claims of member shareholders, creditors and the National Credit Union Share Insurance Fund.
Appears in 35 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement
Subordination of Claims. In the event of liquidation of [name of Credit Union], the funds committed to the secondary capital account Secondary Capital Account will be subordinate to all other claims on the assets of the Credit Union, including claims of member shareholders, creditors and the National Credit Union Share Insurance Fund.
Appears in 2 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement
Subordination of Claims. In the event of liquidation of [name of Credit Union], the funds committed to the secondary capital account Secondary Capital Account will be subordinate to all other claims on the assets of the Credit Union, including claims of member shareholders, creditors and the National Credit Union Share Insurance Fund.Fund.β
Appears in 1 contract
Samples: Securities Purchase Agreement
