Examples of Equal Ranking Securities in a sentence
Noteholders and holders of Equal Ranking Securities being paid on a pro-rata basis.
Nothing in these Conditions shall be construed or deemed to limit the ability of the Issuer to issue further Senior Ranking Obligations or Equal Ranking Securities.
Nothing in this clause limits the ability of CBA to, in its absolute discretion from time to time, issue further Senior Ranking Obligations or Equal Ranking Securities.
Equal Ranking Securities means, in relation to the Subordinated MTNs, any Relevant Tier 2 Securities of the Issuer.
Claims in respect of Subordinated Notes rank in our Winding-Up: • after the claims in respect of Senior Ranking Obligations including claims preferred by applicable laws; • pari passu with claims in respect of Equal Ranking Securities; and • ahead of all claims in respect of Junior Ranking Securities including claims referred to in Sections 563AA and 563A of the Corporations Act.