Junior Share Capital definition

Junior Share Capital means the Issuer Shares, the ordinary shares of the Parent, any other securities of the Issuer ranking, or expressed to rank, junior whether contractually or structurally to the Capital Securities (and shall include the 6 per cent. Non-Cumulative Redeemable Preference Shares issued by the Issuer) and any securities issued by any subsidiary of the Parent which securities benefit from a guarantee or support agreement entered into by the Issuer and ranking or expressed to rank junior to the Capital Securities and any other securities of the Parent or guarantee or support undertaking by the Parent ranking junior to the most senior preference shares of the Parent;

Junior Share Capital. ’ means the ordinary shares, or any other shares ranking, or expressed to rank junior to the Preference Shares, (either issued directly by the Company or by a subsidiary undertaking and the terms of which securities benefit from a guarantee or support agreement ranking or expressed to rank junior to the Preference Shares);

Junior Share Capital means the ordinary shares of the Guarantor, together with any other securities or obligations expressed to rank junior to non-cumulative preferred securities or preference shares of the Guarantor, whether issued directly by the Guarantor or by the Issuer or another Subsidiary or other entity benefiting from a guarantee or support agreement from the Guarantor expressed to rank junior to the Subordinated Guarantee;

Examples of Junior Share Capital in a sentence

• Such claim shall rank (i) in priority to the rights and claims in such winding-up, liquidation or dissolution of the holders of Junior Share Capital, (ii) pari passu with the rights and claims in such winding-up, liquidation or dissolution of the holders of any Parity Securities and (iii) junior to the rights and claims in such winding-up, liquidation or dissolution of all Creditors.

• Halifax Group HBOS has covenanted in the Guarantee in favour of Holders that, in the event that any Distribution is not paid in full as a result of paragraph 2.4, it will not make or pay any distribution or dividend and, where applicable, will procure that no such distribution or dividend is made or paid on any Parity Security (otherwise than in relation to pro rata payments as provided in paragraph 2.6 below) or Junior Share Capital, until such time as payment in full of Distributions has been resumed.

• HalifaxGroup HBOS has covenanted in the Guarantee in favour of Holders that, in the event that any Distribution is not paid in full as a result of paragraph 2.4, it will not make or pay any distribution or dividend and, where applicable, will procure that no such distribution or dividend is made or paid on any Parity Security (otherwise than in relation to pro rata payments as provided in paragraph 2.6 below) or Junior Share Capital, until such time as payment in full of Distributions has been resumed.

More Definitions of Junior Share Capital

Junior Share Capital. ’ means the ordinary shares of HBOS, together with any other securities or obligations which rank, or are expressed to rank, junior to the Parity Securities and to any preference shares issued in substitution for any such Parity Securities or the Preferred Securities;

Junior Share Capital means the ordinary shares of the Guarantor, together with any other securities or obligations which rank junior to non-cumulative preferred securities or preference shares of the Guarantor, whether issued (i) directly by the Guarantor or (ii) by the Issuer or another Subsidiary or other entity and benefiting from a guarantee or support agreement from the Guarantor which ranks junior to the Subordinated Guarantee;

Junior Share Capital means the Guarantor’s ordinary shares, together with any other securities or obligations of the Guarantor expressed to rank junior to this Subordinated Guarantee and the Parity Securities;

Junior Share Capital means the Ordinary Shares, together with any other securities of any member of the Group ranking or expressed to rank junior to the DCIs, (either issued directly by the Issuer or by a subsidiary undertaking and the terms of which securities benefit from a guarantee or support agreement ranking or expressed to rank junior to the DCIs);

Junior Share Capital means the ordinary shares of HBOS, together with any other securities or obligations expressed to rank junior to the most senior preferred securities or preference shares of HBOS whether issued directly by HBOS or by a Subsidiary benefiting from a guarantee or support agreement from HBOS expressed to rank junior to the Guarantee;

Junior Share Capital means the ordinary shares in the capital of the Company, together with any other securities or obligations expressed to rank junior to the Non- cumulative Euro Preference Shares, whether issued directly by the Company or by any Subsidiary or other entity benefiting from a guarantee or support agreement from the Company expressed to rank junior to the Non-cumulative Euro Preference Shares;

Junior Share Capital means the ordinary shares in the capital of the Issuer and any other shares of any class of the Issuer ranking pari passu therewith (if any).