Eligible Creditors means creditors holding subordinated claims that rank or are expressed to rank senior to the Subordinated Notes.

Eligible Creditors means creditors holding subordinated claims (including subordinated securities issued pursuant to Article L. 228-97 of the French Code de commerce) that rank or are expressed to rank (i) senior to obligations or instruments of the Issuer that constitute Ordinarily Subordinated Obligations and (ii) junior to Disqualified Subordinated Notes. In the event that the Autorité de contrôle prudentiel et de résolution (and/or any other authority entitled to exercise or participate in the exercise of the bail-in power from time to time) exercises write down and conversion powers in respect of the Subordinated Notes in accordance with Article 48 of the BRRD II or any successor requirement, the principal amount of the Subordinated Notes shall be written down on a permanent basis or converted to instruments qualifying as common equity tier 1 instruments in accordance with applicable MREL/TLAC Requirements. (c) Waiver of Set-Off No holder of any Note, Coupon or Talon may at any time exercise or claim any Waived Set-Off Rights against any right, claim, or liability the Issuer has or may have or acquire against such holder, directly or indirectly, howsoever arising (and, for the avoidance of doubt, including all such rights, claims and liabilities arising under or in relation to any and all agreements or other instruments of any sort, whether or not relating to such Note, Coupon or Talon) and each such holder shall be deemed to have waived all Waived Set-Off Rights to the fullest extent permitted by applicable law in relation to all such actual and potential rights, claims and liabilities. For the avoidance of doubt, nothing in this Condition 3(c) is intended to provide, or shall be construed as acknowledging, any right of deduction, set-off, netting,compensation, retention or counterclaim or that any such right is or would be available to any holder of any Note, Coupon or Talon but for this Condition 3(c). For the purposes of this Condition 3(c), "Waived Set-Off Rights" means any and all rights of or claims of any holder of any Note, Coupon or Talon for deduction, set-off, netting, compensation, retention or counterclaim arising directly or indirectly under or in connection with any Note, Coupon or Talon.

Examples of Eligible Creditors in a sentence

Eligible Creditors means creditors holding subordinated claims that rank or are expressed to rank senior to the subordinated notes issued by the Issuer.
On September 2, 2010, the Bankruptcy Court entered its Order Authorizing Plan Proponents to Proceed With Second Joint Motion of Plan Proponents to Modify Fourth Amended Joint Plan of Reorganization Pursuant to 11 U.S.C. § 1127 And Plan § 14.4, Approving Disclosure, Establishing Procedure to Permit Eligible Creditors to Change Their Votes and Scheduling Confirmation Hearing (the “Order”).
After the Association has prepared a Preliminary DSA in order to determine a HIPC's eligibility for the Initiative, the Administrator shall consult with the Association, the IMF, the HIPC country concerned and its creditors to ascertain the amount of debt relief projected to be needed from Eligible Creditors for such HIPC under the Initiative.
The review by County staff will be based on whether the project meets the eligibility requirements.
The Administrator may enter into such an agreement with an Eligible Creditor concurrently with, or at any time subsequent to, the decision point as determined under the Initiative and such Eligible Creditor's determination to participate in the Initiative with respect to such Eligible HIPC.

More Definitions of Eligible Creditors

Eligible Creditors means creditors holding subordinated claims (including subordinated securities issued pursuant to article L.228-97 of the French Code de commerce) that rank or are expressed to rank

Eligible Creditors means creditors holding subordinated claims that rank or are expressed to rank senior to the subordinated notes issued by the Issuer.

Eligible Creditors means creditors holding subordinated claims that rank or are expressed to rank senior to the Subordinated Notes. In the event that the Autorité de contrôle prudentiel et de résolution (and/or any other authority entitled to exercise or participate in the exercise of the bail-in power from time to time) exercises write down and conversion powers in respect of the Subordinated Notes in accordance with Article 48 of the BRRD or any successor requirement, the principal amount of the Subordinated Notes shall be written down on a permanent basis or converted to instruments qualifying as common equity tier 1 instruments in accordance with applicable MREL/TLAC Requirements. 3/ The paragraphs (a) and (b) of Condition 14 (Notices) on page 117 of the Base Prospectus are deleted in their entirety and replaced with the following: 14 Notices

Eligible Creditors means present and future creditors holding subordinated claims that rank or are expressed to rank senior to present and future obligations or instruments of the Issuer that constitute Ordinarily Subordinated Obligations;

Eligible Creditors means creditors holding claims that, in accordance with their terms, rank or are expressed to rank senior to the Subordinated Notes.

Eligible Creditors means creditors holding subordinated claims that rank or are expressed to rank senior to the Subordinated Notes. For the avoidance of doubt the amended ranking provisions in this paragraph (ii) will apply automatically to any then outstanding Subordinated Notes as soon as no Existing Subordinated Notes will be outstanding without the need for any action from the Issuer. Negative pledge The terms of the Notes will not contain a negative pledge provision. Events of Default (Senior Preferred Notes) The terms of the Senior Preferred Notes will contain events of default including non-payment, non-performance or non-observance of the Issuer's obligations in respect of the Notes and the insolvency or winding up of the Issuer. Enforcement (Senior Non Preferred Notes and Subordinated Notes) If the Notes are Senior Non Preferred Notes, or if the Notes become on the Optional Conversion Date or on the Automatic Conversion Date, as the case may be, Senior Non Preferred Notes, then the terms of the Senior Non Preferred Notes will not (starting from the Optional Conversion Date in the case of Senior Preferred to Senior Non Preferred Notes (optional conversion) or from the Automatic Conversion Date in the case of Senior Preferred to Senior Non Preferred Notes (automatic conversion)) contain any events of default. However, in either case the Noteholder may, upon written notice to the Principal Paying Agent, cause such Note to become due and payable, together with accrued interest thereon, if any, as of the date on which such notice is received by the Principal Paying Agent, in the event that an order is made or an effective resolution is passed for the liquidation (liquidation judiciaire or liquidation amiable) of the Issuer.The terms of the Subordinated Notes will not contain an event of default, however the holder of a Subordinated Note may, upon written notice to the Principal Paying Agent given before all defaults have been cured, cause such Note to become due and payable, together with accrued interest thereon, if any, as of the date on which said notice is received by the Principal Paying Agent, in the event that an order is made or an effective resolution is passed for the liquidation (liquidation judiciaire or liquidation amiable) of the Issuer. Meetings The terms of the Notes will contain provisions for calling meetings of holders of such Notes to consider matters affecting their interests generally. These provisions permit defined majorities to bind all holders, ...

Eligible Creditors definition

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