Examples of Junior Guarantee in a sentence
If the Mandatory Payment Event is a payment on a Junior Security or on a Junior Guarantee or on a security benefitting from a Junior Guarantee which in each case is in respect of a semi annual dividend, then the Coupon Payments payable on only the next two Coupon Payment Dates will be mandatorily due and payable in full on such Coupon Payment Dates, notwithstanding any Deferral Notice as to such Coupon Payments or the occurrence or continuance of any Required Deferral Condition.
Junior Guarantee means any guarantee, indemnity or other contractual support arrangement entered into by the Bank in respect of securities (regardless of name or designation) or other instruments issued by one of the Bank's subsidiaries or Undertakings which, effectively from a financial point of view, ranks after the Securities, upon the Bank's liquidation, moratorium of payments, bankruptcy or emergency measure (noodregeling) being declared.
If the Mandatory Payment Event is a payment on a Junior Security or on a Junior Guarantee or on a security benefiting from a Junior Guarantee which in each case is in respect of a semi annual dividend, then the Coupon Payments payable on only the next number of Coupon Payment Dates as specified in the Final Terms will be mandatorily due and payable in full on such Coupon Payment Dates.
If the Mandatory Payment Event is a payment on a Junior Security or on a Junior Guarantee or on a security benefiting from a Junior Guarantee which in each case is in respect of a semi annual dividend, then the Coupon Payment payable on only the immediately next following Coupon Payment Date will be due and payable in full on such Coupon Payment Date notwithstanding any Deferral Notice as to such Coupon Payments or the occurrence or continuance of any Mandatory Deferral Condition.
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