Common use of Subordination to Claims of Senior Creditors Clause in Contracts

Subordination to Claims of Senior Creditors. (a) With respect to the Contingent Capital Notes only, and pursuant to Section 12.01(a) of the Contingent Convertible Securities Indenture, the extent and manner in which the payment of principal of (and premium, if any) and interest, if any, on the Contingent Convertible Securities is subordinated to the claims of the holders of certain other present or future obligations of the Company shall be determined as set out in this ‎Section 6.01. References in the Contingent Convertible Securities Indenture to Section 12.01(a) thereof shall be to ‎Section 6.01 hereof. For the avoidance of doubt, no provision of Article 12 of the Contingent Convertible Securities Indenture other than replacing Section 12.01(a) with this ‎Section 6.01 shall be amended by this Eighth Supplemental Indenture.

Appears in 1 contract

Samples: Eighth Supplemental Indenture (NatWest Group PLC)

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Subordination to Claims of Senior Creditors. (a) With respect to the Contingent Capital Notes only, and pursuant to Section 12.01(a) of the Contingent Convertible Securities Indenture, the extent and manner in which the payment of principal of (and premium, if any) and interest, if any, on the Contingent Convertible Securities is subordinated to the claims of the holders of certain other present or future obligations of the Company shall be determined as set out in this ‎Section 6.015.01. References in the Contingent Convertible Securities Indenture to Section 12.01(a) thereof shall be to ‎Section 6.01 5.01 hereof. For the avoidance of doubt, no provision of Article 12 of the Contingent Convertible Securities Indenture other than replacing Section 12.01(a) with this ‎Section 6.01 Section 5.01 shall be amended by this Eighth First Supplemental Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Royal Bank of Scotland Group PLC)

Subordination to Claims of Senior Creditors. (a) With respect to the Contingent Capital Notes only, and pursuant to Section 12.01(a) of the Contingent Convertible Securities Indenture, the extent and manner in which the payment of principal of (and premium, if any) and interest, if any, on the Contingent Convertible Securities is subordinated to the claims of the holders of certain other present or future obligations of the Company shall be determined as set out in this ‎Section 6.01. References in the Contingent Convertible Securities Indenture to Section 12.01(a) thereof shall be to ‎Section 6.01 hereof. For the avoidance of doubt, no provision of Article 12 of the Contingent Convertible Securities Indenture other than replacing Section 12.01(a) with this ‎Section 6.01 shall be amended by this Eighth Fourth Supplemental Indenture.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Royal Bank of Scotland Group PLC)

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Subordination to Claims of Senior Creditors. (a) With respect to the Contingent Capital Notes only, and pursuant to Section 12.01(a) of the Contingent Convertible Securities Indenture, the extent and manner in which the payment of principal of (and premium, if any) and interest, if any, on the Contingent Convertible Securities is subordinated to the claims of the holders of certain other present or future obligations of the Company shall be determined as set out in this ‎Section 6.01. References in the Contingent Convertible Securities Indenture to Section 12.01(a) thereof shall be to ‎Section 6.01 hereof. For the avoidance of doubt, no provision of Article 12 of the Contingent Convertible Securities Indenture other than replacing Section 12.01(a) with this ‎Section 6.01 shall be amended by this Eighth Third Supplemental Indenture.

Appears in 1 contract

Samples: Indenture (Royal Bank of Scotland Group PLC)

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