Junior Obligations of the Guarantor definition

Junior Obligations of the Guarantor means all obligations of the Guarantor issued or incurred directly or indirectly by it which rank or are expressed to rank junior to the Guarantee, including Ordinary Shares of the Guarantor and any other shares (acciones) in the capital of the Guarantor (and, if divided into classes, each class thereof);
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Junior Obligations of the Guarantor means (i) the ordinary shares and preferred shares of the Guarantor, (ii) any present or future share of any other class of shares of the Guarantor, (iii) any other present or future security, registered security or other instrument of the Guarantor under which the Guarantor's obligations rank or are expressed to rank pari passu with the ordinary shares or the preferred shares of the Guarantor and (iv) any present or future security, registered security or other instrument which is issued by a Subsidiary of the Guarantor and guaranteed by the Guarantor or for which the Guarantor has otherwise assumed liability where the Guarantor's obligations under such guarantee or other assumption of liability rank or are expressed to rank pari passu with the instruments described under (i),
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Junior Obligations of the Guarantor means all obligations of the Guarantor issued or incurred directly by it or indirectly through a wholly-owned subsidiary with the guarantee of the Guarantor, which rank or are expressed to rank junior to the Guarantee, including (i) any Preferred Shares of the Guarantor and (ii) Ordinary Shares of the Guarantor;
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Examples of Junior Obligations of the Guarantor in a sentence

  • The payment obligations of the Guarantor under the Guarantee constitute direct, unsecured and subordinated obligations of the Guarantor (senior only to Junior Obligations of the Guarantor) and shall at all times rank pari passu and without any preference among themselves.

  • The payment obligations of the Guarantor in respect of the Subordinated Guarantee will (a) rank junior to all Senior Obligations of the Guarantor, (b) rank pari passu with all Pari Passu Obligations of the Guarantor and (c) rank senior to all Junior Obligations of the Guarantor.

  • The obligations of the Guarantor under the Guarantee are senior only to the Junior Obligations of the Guarantor.

  • The obligations of the Guarantor under the Subordinated Guarantee constitute direct, unconditional, subordinated and unsecured obligations of the Guarantor.The payment obligations of the Guarantor in respect of the Subordinated Guarantee will (a) be subordinated to all Senior Obligations of the Guarantor, (b) rank pari passu with all other Pari Passu Obligations of the Guarantor and (c) rank in priority to all Junior Obligations of the Guarantor.

  • The obligations of the Guarantor under the Deed of Guarantee constitute direct, subordinated and unsecured obligations of the Guarantor.The payment obligations of the Guarantor in respect of the Deed of Guarantee will (a) be subordinated to all Senior Obligations of the Guarantor in the manner described below, (b) rank pari passu with all other Pari Passu Obligations of the Guarantor and (c) rank in priority to all Junior Obligations of the Guarantor.

  • The obligations of the Guarantor under the Guarantees are senior only to the Junior Obligations of the Guarantor.


More Definitions of Junior Obligations of the Guarantor

Junior Obligations of the Guarantor means all obligations of the Guarantor issued or incurred directly or indirectly by it, which rank or are expressed to rank junior to the Guarantee, including Ordinary Shares of the Guarantor;
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Junior Obligations of the Guarantor means the share capital of the Guarantor and other securities or obligations issued or owed by the Guarantor (including guarantees or indemnities or support arrangements given by the Guarantor in respect of securities or obligations owed by other persons) which rank, or are expressed to rank pari passu with such share capital;
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Junior Obligations of the Guarantor means (i) all obligations of the Guarantor which rank or are expressed to rank pari passu with the Ordinary Shares of the Guarantor and (ii) any obligations of any other member of the Group benefiting from a guarantee or support agreement entered into by the Guarantor which rank, or are expressed to rank, pari passu with the Ordinary Shares of the Guarantor;
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Junior Obligations of the Guarantor means all obligations of the Guarantor issued or incurred directly or indirectly by it, which rank or are expressed to rank junior to the Guarantee, including (i) Ordinary Shares of the Guarantor, and (ii) all present or future series of preferred securities (participaciones preferentes) issued directly by the Guarantor or indirectly through a wholly-owned subsidiary with the guarantee of the Guarantor in accordance with Law 10/2014 or any other law or regulation of Spain or any other jurisdiction applicable from time to time (including, for the avoidance of doubt, the guarantee granted by the Guarantor in connection with the 2005 Preferred Securities);
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Related to Junior Obligations of the Guarantor

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Guaranteed Obligations has the meaning specified in Section 7.01.