Junior Obligations of the Issuer definition

Junior Obligations of the Issuer means all obligations of the Issuer, issued or incurred directly or indirectly by it, which rank or are expressed to rank junior to the Securities, including (i) Ordinary Shares of the Issuer and (ii) Preferred Shares of the Issuer, if any;
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Junior Obligations of the Issuer means (i) the ordinary shares of the Issuer, (ii) any present or future share of any other class of shares of the Issuer,(iii) any other present or future security, registered security or other instrument of the Issuer under which the Issuer’s obligations rank or are expressed to rank pari passu with the ordinary shares of the Issuer and (iv) any present or future security, regis- tered security or other instrument which is issued by a Subsidiary of the Issuer and guaranteed by the Issuer or for which the Issuer has otherwise assumed liability where the Issuer’s obligations under such guarantee or other assumptions of liability rank or are expressed to rank pari passu with the instruments described under (i) and (ii).
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Junior Obligations of the Issuer means (i) the ordinary shares of the Issuer, (ii) any present or future share of any other class of shares of the Issuer,
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Examples of Junior Obligations of the Issuer in a sentence

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

  • In the event of an Issuer Winding-up, the rights and claims of the Holders against the Issuer in respect of or arising under the Securities and the Coupons will rank (i) junior to the claims of all holders of Senior Obligations of the Issuer, (ii) pari passu with the claims of holders of all Parity Obligations of the Issuer and (iii) senior to the claims of holders of all Junior Obligations of the Issuer.

  • In the event of an Issuer Winding-up, the rights and claims of the Holders against the Issuer in respect of or arising under the Securities and the Coupons will rank (i) junior to the claims of all holders of Senior Obligations of the Issuer, (ii) pari passu with the claims of holders of all Parity Obligations of the Issuer and(iii) senior to the claims of holders of all Junior Obligations of the Issuer.

  • The 6 Year Non-Call Securities and the Coupons constitute direct, unsecured and subordinated obligations of the Issuer (senior only to Junior Obligations of the Issuer) and shall at all times rank pari passu and without any preference among themselves.

  • The Bonds and any related Coupons are direct, unconditional, and unsubordinated obligations of the Issuer issued in accordance with the Covered Bond Act and rank (i) pari passu among themselves and with any Parallel Obligations and (ii) senior to any Junior Obligations of the Issuer.

  • In the event of an Issuer Winding- up, the rights and claims of the Holders against the Issuer in respect of or arising under the 10 Year Non-Call Securities and the Coupons will rank (i) junior to the claims of all holders of Senior Obligations of the Issuer, (ii) pari passu with the claims of holders of all Parity Obligations of the Issuer and (iii) senior to the claims of holders of all Junior Obligations of the Issuer.

  • Any such amounts in respect of the Securities shall be payable (i) before any amounts shall be payable in respect of any Junior Obligations of the Issuer and (ii) on a pari passu basis in respect of any Parity Obligations of the Issuer.

  • The 8 Year Non-Call Securities and the Coupons constitute direct, unsecured and subordinated obligations of the Issuer (senior only to Junior Obligations of the Issuer) and shall at all times rank pari passu and without any preference among themselves.

  • The 10 Year Non-Call Securities and the Coupons constitute direct, unsecured and subordinated obligations of the Issuer (senior only to Junior Obligations of the Issuer) and shall at all times rank pari passu and without any preference among themselves.

  • In the event of an Issuer Winding- up, the rights and claims of the Holders against the Issuer in respect of or arising under the 6 Year Non-Call Securities and the Coupons will rank (i) junior to the claims of all holders of Senior Obligations of the Issuer, (ii) pari passu with the claims of holders of all Parity Obligations of the Issuer and (iii) senior to the claims of holders of all Junior Obligations of the Issuer.


More Definitions of Junior Obligations of the Issuer

Junior Obligations of the Issuer means all obligations of the Issuer, issued or incurred directly or indirectly by it, which rank or are expressed to rank junior to the Securities, including
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Junior Obligations of the Issuer means all obligations of the Issuer, issued or incurred directly or indirectly by it, which rank or are expressed to rank junior to the 6 Year Non-Call Securities, including (i) Ordinary Shares of the Issuer, (ii) Preferred Shares of the Issuer, if any, and, (iii) if there are any Preferred Shares of the Issuer outstanding and any 2013 Non-Call Securities outstanding which by their terms are expressed to rank pari passu with Preferred Shares of the Issuer, such 2013 Non-Call Securities;
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Junior Obligations of the Issuer means (i) all obligations of the Issuer which rank or are expressed to rank pari passu with the Ordinary Shares of the Issuer and (ii) any obligations of any other member of the Group benefiting from a guarantee or support agreement entered into by the Issuer which rank, or are expressed to rank, pari passu with the Ordinary Shares of the Issuer;
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Junior Obligations of the Issuer means the share capital of the Issuer and other securities or obligations issued or owed by the Issuer (including guarantees or indemnities or support arrangements given by the Issuer 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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Related to Junior Obligations of the Issuer

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Guarantor Senior Debt shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Guarantor Subordinated Obligation means, with respect to a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Guarantor under its Note Guarantee pursuant to a written agreement.