Guarantor Senior Creditors means creditors of the Guarantor (including depositors (in respect of their due claims) and, for this purpose, holders of any instrument issued by, or other obligation of, the Guarantor which ranks senior to the payment obligations of the Guarantor under the Guarantor Obligations) other than creditors in respect of obligations the claims in relation to which rank or are expressed to rank pari passu with, or junior to, the claims of the holders of the Capital Securities in respect of the Guarantor Obligations;
Guarantor Senior Creditors. ’ means, in respect of a Guarantor,
Guarantor Senior Creditors means all policyholders and beneficiaries pursuant to a contract of insurance of a Supervised Group Company (and including, for the avoidance of doubt, all Policyholder Claims), any other non-subordinated creditors of the Guarantor or any Supervised Group Company, and (in the case of Guarantees of Perpetual Subordinated Capital Securities only) the creditors of the Guarantor whose claims are, or are expressed to be, subordinated to the claims of other creditors of the Guarantor (including all Holders of the Dated Subordinated Debt Securities and the Perpetual Subordinated Debt Securities), other than those (a) whose claims are in respect of capital instruments or securities which constitute, or would but for any, but for any applicable limitation on the amount of such capital, constitute Tier 1 Capital or (b) whose claims are in respect of any capital instruments or securities which rank pari passu with the Guarantee of the Perpetual Subordinated Capital Securities as to participation in the Guarantor’s assets in the event of its winding-up.
Examples of Guarantor Senior Creditors in a sentence
The rights and claims of the ECN Securityholders and the Couponholders and under the Guarantee will be subordinated to the claims of all Issuer Senior Creditors and all Guarantor Senior Creditors, as the case may be.
The amount payable to a Noteholder under this Condition by the Guarantor will only be paid after the debts owing to the Guarantor Senior Creditors have been paid in full and will not entitle the Noteholder to receive (in aggregate with any amount received from the Issuer) an aggregate amount greater than the Guaranteed Amounts owing to such Noteholder.
The amount payable to the Holders of the Subordinated Notes under this Condition by the relevant Guarantor will only be paid after the debts owing to the relevant Guarantor Senior Creditors have been paid in full.
The amount payable to the Holders of the Capital Securities under this Condition by the relevant Guarantor will only be paid after the debts owing to the relevant Guarantor Senior Creditors have been paid in full.
The rights and claims of the ECN Securityholders under the Guarantee or Guarantees will be subordinated to the claims of all Issuer Senior Creditors and all Guarantor Senior Creditors, as the case may be.
More Definitions of Guarantor Senior Creditors
Guarantor Senior Creditors. ’ means, in respect of a Guarantor, (a) creditors of such Guarantor whose claims are admitted to proof in the winding-up or administration of such Guarantor and who are unsubordinated creditors of such Guarantor; and (b) creditors of such Guarantor whose claims are or are expressed to be subordinated to the claims of other creditors of such Guarantor (other than those whose claims relate to obligations which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 1 Capital or Upper Tier 2 Capital or Lower Tier 2 Capital of the relevant Guarantor on a solo and/or consolidated basis, or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of ECN Securityholders).
Guarantor Senior Creditors means, in respect of [the]*/[a]** Guarantor, (a) creditors of [the]*/[such]** Guarantor whose claims are admitted to proof in the winding-up or administration of [the]*/[such]** Guarantor and who are unsubordinated creditors of [the]*/[such]** Guarantor; and (b) creditors of [the]*/[such]** Guarantor whose claims are or 171 are expressed to be subordinated to the claims of other creditors of [the]*/[such]** Guarantor (other than those whose claims relate to obligations which constitute, or would, but for any applicable limitation on the amount of such capital, constitute, Tier 1 Capital or Upper Tier 2 Capital or Lower Tier 2 Capital of [the]*/[such]** Guarantor on a solo and/or consolidated basis, or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of ECN Holders);
Guarantor Senior Creditors means the holders of Senior Obligations of the relevant Guarantor. “Holder” has the meaning specified in Condition 1.2.
Guarantor Senior Creditors means in respect of any Guarantor the holders of Senior Obligations of the relevant Guarantor.
Guarantor Senior Creditors has the meaning set out in Condition 19 of the Dated ECNs or Condition 21 of the Undated ECNs, as the case may be
Guarantor Senior Creditors means (a) creditors of the Guarantor whose claims are admitted to proof in the winding up or Qualifying Administration of the Guarantor and who are unsubordinated creditors of the Guarantor; and (b) creditors of the Guarantor whose claims are or are expressed to be subordinated to the claims of other creditors of the Guarantor (other than those whose claims constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 Capital or Tier 2 Capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of Holders).
Guarantor Senior Creditors means, in respect of a Guarantor (a) creditors of such Guarantor whose claims are admitted to proof in the winding-up or administration of such Guarantor and who are unsubordinated creditors of such Guarantor; and (b) creditors of such Guarantor whose claims are or are expressed to be subordinated to the claims of other creditors of such Guarantor (other than those whose claims relate to obligations which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 1 Capital or Upper Tier 2 Capital or Lower Tier 2 Capital of the relevant Guarantor on a solo and/or consolidated basis, or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of ECN Securityholders). Optional Redemption In the case of ECNs with a Final Maturity which will occur 10 years following the Settlement Date, the Issuer may (if such feature is so agreed between the Company and the Joint Bookrunners pursuant to the provisions of this Agreement) by giving not less than 10 nor more than 21 days’ notice to the Trustee, the Principal Paying Agent and Conversion Agent, the Registrar and the ECN Securityholders (which notice shall, subject to the same provisos as set out in the ECNs issued in the European Exchange Offer, be irrevocable), elect to redeem in accordance with the relevant Conditions at any time (in the case of a Fixed Rate ECN or in the fixed interest rate period in the case of a Fixed/Floating Rate ECN) or on any Interest Payment Date (in the case of a Floating Rate ECN or in the floating rate interest period of a Fixed/Floating Rate ECN), in each case from and including the Optional Call Date, all, but not some only, of the relevant series of ECNs at their principal amount, together with accrued but unpaid interest to (but excluding) the relevant redemption date. The Optional Call Date shall be the fifth anniversary of the Settlement Date.