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

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

Examples of Junior Instruments in a sentence

Upon full redemption of all Senior Instruments, the foregoing sentence shall apply with the modification that the required Lender of a Senior Schuldschein Loan or Noteholder of a Class A Notes consent as set out under (b) shall be replaced by consent of Lenders of the Junior Schuldschein Loans or Noteholders of the Class B Notes evidencing not less than a majority of the aggregate outstanding principal amount of the outstanding Junior Instruments.

More Definitions of Junior Instruments

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 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 (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;

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 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: