Junior Instruments definition

Junior Instruments means all classes of issued shares in the share capital of the Issuer. “Pari Passu Instruments” means:

Junior Instruments. ’ means, with respect to an Obligor, (i) ordinary shares, (ii) preferred or preference shares ranking junior to Parity Shares (as defined below) of such Obligor, and (iii) any other securities or obligations of such Obligor ranking or expressed to rank junior to its Parity Instruments (as defined below) issued directly by such Obligor.

Junior Instruments. ’ means, with respect to an Obligor, (i) ordinary shares,

Examples of Junior Instruments in a sentence

• Under each Swap Agreement relating to the Junior Instruments (except for the Series 2023-2 Class B Notes) the Issuer will undertake to pay to the respective Swap Counterparty on each Payment Date an amount equal to the amount of interest on the nominal amount of the Junior Instruments outstanding on each Payment Date, calculated on the basis of a fixed rate of interest of 5.7370 per cent per annum on the basis of Act/365.

• The Class A Notes rank senior to the Junior Instruments and the Subordinated Loan.

• Under each Swap Agreement relating to the Junior Instruments (except for the Junior Schuldschein Loan 2023-2) the Issuer will undertake to pay to the respective Swap Counterparty on each Payment Date an amount equal to the amount of interest on the nominal amount of the Junior Instruments (except for the Junior Schuldschein Loan 2023-2) outstanding on each Payment Date, calculated on the basis of a fixed rate of interest of 6.15 per cent per annum on the basis of Act/365.

• Each of the Company and its subsidiaries is duly qualified or licensed to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the management of properties for others or the conduct of its business makes such qualification or licensing necessary, except for any such failure to be so qualified or licensed or in good standing which would not, individually or in the aggregate, have a Company Material Adverse Effect.

More Definitions of Junior Instruments

Junior Instruments means the Ordinary Shares, any preference shares in the capital of the Borrower and, if there are any preference shares outstanding, any other instruments outstanding which by their terms are expressed to rank pari passu with the preference shares, such instruments; Lender means each Lender included in Schedule 1 (The Lenders) and each Shareholder which becomes a lender under the Loan in accordance with Clause 5 (Allocation of Commitments);

Junior Instruments means (i) ordinary shares, (ii) preference shares expressed to rank junior to the Issuer’s Parity Shares, and (iii) any other of the Issuer’s securities or obligations expressed to rank junior to the Parity Instruments issued directly by it.

Junior Instruments means the Junior Schuldschein Loans and the Class B Notes, collectively.

Junior Instruments means Common Shares, common shares B (gewone aandelen B) of the Issuer and any other future class of common share capital of the Issuer;

Junior Instruments means any security or other instrument which:

Junior Instruments means (i) ordinary shares of the Guarantor, (ii) participation certificates of the Guarantor, if any and (iii) any class of preference shares, or any preferred securities or similar securities (that rank pari passu with preference shares), directly issued by the Guarantor and treated as paid-in capital, pursuant to Swiss banking laws and regulations;

Junior Instruments means (i) ordinary shares of UBS AG, (ii) participation certificates of UBS AG, if any and (iii) any class of preference shares, or any preferred securities or similar securities (that rank pari passu with preference shares), directly issued by UBS AG and treated as paid-in capital, pursuant to Swiss banking laws and regulations;